Evaluation of Intangible Assets under AASB 136/IAS 38

Running head: ACCOUNTING & FINANCIAL MANAGEMENT
Accounting & Financial Management
Name of the Student:
Name of the University:
Author’s Note:
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1ACCOUNTING & FINANCIAL MANAGEMENT
Executive Summary:
The assessment aims in evaluating the intangible assets of Technology Enterprise under AASB
136/IAS 38. The Australian organization preparing the annual report, needs to follow the
relevant regulations regarding the intangible assets of AASB 138/IAS 38. The overall proceeding
that needs to be allowed by Technology Enterprise Ltd is mainly depicted in the assessment.
Moreover, the overview of the accounting treatment that is needed for preparing the annual
report are adequately depicted.

2ACCOUNTING & FINANCIAL MANAGEMENT
Table of Contents
Introduction:....................................................................................................................................3
1. Indicating how the project be accounted for in the financial statements for the year ended 30
June 2018, while justifying the answer with relevant paragraph AASB 138/IAS 38:....................3
2. Indicating to what extent might the rules or restrictions in AASB 138/IAS 38 reduce the
comparability of financial statements:.............................................................................................5
3. Writing a relevant response to the CEO, drawing on the understanding of AASB 138/IAS 38
and the efficient market hypothesis:................................................................................................5
Conclusion and recommendation:...................................................................................................6
References:......................................................................................................................................7