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Accounting Standards AASB 138 and IAS 38

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Added on  2020-10-23

Accounting Standards AASB 138 and IAS 38

   Added on 2020-10-23

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Accounting Standards AASB 138 and IAS 38_1
EXECUTIVE SUMMARYPresent report is based upon a company Technology Enterprises Ltd. which is planning toreplace its design of charging batteries. Research and development activities are conducted byorganisation and accountants does not have any idea of the way in which information should berecorded in financial accounts. For this purpose they have analysed different accountingstandards including AASB 138 and IAS 38. Recommendation regarding interpreting informationto investors is also provided to Technology Enterprises Ltd. in which CEO is recommended tofollow AASB 138 and use efficient market hypothesis.
Accounting Standards AASB 138 and IAS 38_2
Table of ContentsEXECUTIVE SUMMARY.............................................................................................................2INTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................11. Way in which project should be accounted in financial statements for year ended 30 June2018..............................................................................................................................................12. Extent where rules and regulations in AASB 138/ IAS 38 may reduce comparability offinancial statements......................................................................................................................43. Recommendation to the CEO regarding the way in which organisation can mitigate itsconcern regarding investor's interpretation of information..........................................................4CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6
Accounting Standards AASB 138 and IAS 38_3

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