Accounting of Intangible Assets in Technology Enterprise Limited

Running head: FINANCIAL ACCOUNTING
Financial Accounting
Name of the Student
Name of the University
Author’s Note

1FINANCIAL ACCOUNTING
Executive Summary
The main aim of this report is to ascertain the correct accounting of the intangible assets and its
related expenses in Technology Enterprise Limited. This report involves in the discussion of the
section of AASB 138/ISA 38. After that, this report shows the restriction on the comparability of
financial statements due to the regulation of AASB 138/ISA 38. The last part provides understanding
on AASB 138/ISA 38.

2FINANCIAL ACCOUNTING
Table of Contents
Introduction...........................................................................................................................................3
1. Accounting of the Project in the Financial Statements......................................................................3
2. Reduction in Comparability...............................................................................................................4
3. Understanding of AASB 138/IAS 38...................................................................................................5
Recommendation..................................................................................................................................5
References.............................................................................................................................................7