This presentation discusses the concepts relating to the accounting conceptual framework, accounting provisions for intangible assets issued by IASB, and the measurement process of intangible assets. It explores the selection between the historical cost method and fair value method for valuing intangible assets.

Contemporary Issues in Accounting 2019 Major Assignment: Client Briefing

Construct a client briefing presentation and supporting written briefing document on a chosen topic for an upper middle tier accounting firm and their valuable client.

Discussing the concepts of accounting conceptual framework, accounting provisions for intangible assets, and the measurement process of intangible assets.

Contemporary Issue Relating to Accounting

This report discusses the accounting treatment of brands, goodwill and restructuring costs under IAS 138 and AASB 137. It also highlights the difficulties faced by standard setters in allowing formulas for calculating brands and restructuring provisions.

Accounting Treatment of Brands, Goodwill and Restructuring Costs

This report discusses the recognition and measurement criteria for intangible assets, specifically brands, as set up by the Australian Accounting Standard Board. It also covers the writing-off of goodwill, provisions for restructuring, and a case study on acquisition activity. 

Australian Accounting Standards Analysis

FINANCIAL ACCOUNTING FINANCIAL ACCOUNTING 2 2 FINANCIAL ACCOUNTING FINANCIAL ACCOUNTING Author’s Note: Answer to Question VI 2 Introduction to AASB 138 “Intangible Assets” 2 Recognition Criteria 3 Disclosures 4 Limitation of AASB 138 4 Reference 6 Answer to Question VI Introduction to AASB 138 “Intangible Assets” Intangible assets are assets which assets which are not physical in nature. As per the standard issued by AASB 138 which is on Intangible Assets,

Answer to Question VI Introduction to AASB 138

Introduction 3 Accounting for Brands 3 Brands Accounting 3 Difficulties for Standard Setters 3 Accounting for Goodwill 3 Requirement (a) 3 Requirement (b) 3 Accounting for Restructuring Provision 4 Requirement (a) 4 Requirement (b) 4 Requirement (c) 4 Conclusion 4 References 5 Introduction Accounting standards refer to the collective set of procedures, principle and standards that help in providing the definition of the basis of financial accounting procedures and policies. Accounting for Brands Brands Accounting According to AASB 138 Intangible Assets

Restructuring Provision and Accounting Standards: A Report

Financial Accounting and Reporting 3

De La Salle University

Financial Accounting & Reporting - Assignment

The assignment is about the impairment of assets, specifically land, building, and equipment. According to AASB 136, these assets are subject to impairment if their carrying value exceeds their recoverable amount. The recoverable amount can be either the fair value or the value in use. In this case, an impairment loss will be charged to the income statement, reducing the net income of Gali Ltd. This is because the land and building have a carrying value that exceeds their recoverable amount.

Contemporary Issue Relating to Accounting

Accounting Treatment of Brands, Goodwill and Restructuring Costslg...

Australian Accounting Standards Analysislg...

Answer to Question VI Introduction to AASB 138lg...

Restructuring Provision and Accounting Standards: A Reportlg...

Financial Accounting & Reporting - Assignmentlg...

Determining Impairment Losses for Land, Building and Equipmentlg...

Accounting Treatment of Brands, Goodwill and Restructuring Costs

Australian Accounting Standards Analysis

Answer to Question VI Introduction to AASB 138

Restructuring Provision and Accounting Standards: A Report

Financial Accounting & Reporting - Assignment

Determining Impairment Losses for Land, Building and Equipment