Reporting and Disclosure of Intangible Assets - Finance Assignment Help

Assignment Task :

Task Details: Each student is required to choose an ASX listed firm and analyze its 2019 financial statements. The analysis must focus on discussing the firm’s reporting and disclosure practices on intangible assets. In the discussion, detail the accounting policy that the firm follows in reporting, measuring and disclosing its intangible assets. The discussion must be supported by the requirements prescribed by AASB 138 and relevant academic and professional discourse.

Justify why the firm adopted the policy in its 2019 financial reports rather than other policies permitted under AASB 138. To achieve this, students must present an alternative economic outcome in terms of accounting profit and net assets, if the firm chooses a policy permitted under AASB 138 but different to the one that was used in its 2019 financial reports. Students are also required to research on the    economic, institutional, historical and cultural backgrounds of the firm to make sense its accounting choice in relation to intangible assets.

Research requirements: Students need to support their analysis with reference to relevant material from the text and a minimum of eight (8) suitable, reliable, current and academically acceptable sources – this should include at least 2 peer-reviewed academic journal articles.

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