AASB 138: Accounting for Financial Assets

FINANCIAL
ACCOUNTING
2019

AASB 138
Executive Summary
The main aim of the report is to shed light on the concept of AASB 138 that is accounting for
financial assets. It reduces the comparability of the financial statements. The entire study is based
revolving around Technology Enterprises that functions in R&D and destined to produce a
modification of recharging battery utilized in the products. The report initiates with the
introduction followed by the project accounting and the problem present in the overall working.
Lastly, a response to CEO has been provided.
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AASB 138
Contents
Introduction................................................................................................................ 2
Accounting for the project.......................................................................................... 2
But the right contention is going to be the following:.................................................3
The extent to which the rules of AASB 138 reduce the comparability of financial
statements................................................................................................................. 3
Response to CEO........................................................................................................ 4
Conclusion.................................................................................................................. 6
References................................................................................................................. 7
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