Financial Accounting: Goodwill and Accounting for Expenses

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

1FINANCIAL ACCOUNTING
Table of Contents
Reply for Query 1 – Goodwill of Pewter Ltd............................................................................4
Reply for Query 2- Accounting for Expenses............................................................................4
References..................................................................................................................................7

2FINANCIAL ACCOUNTING
668 George Street,
Melbourne, VIC 3000
Telephone [phone]
www.mckenzieandassociate.com.au
10 September 2018
Mr. Con Pewter
The managing Director
Pewter Ltd.
Level 6, 510 King William Street,
Adelaide SA 5000
Dear Mr Pewter,
Sir, thank you for taking out some time and letting me know about the accounting issue
which you would face in the due course of your business. First of all I would like to let you
know that I have been recently asked by my manager for preparing a letter in response to the
email. The letter is about the query you to have raised about the accounting transactions and
its impact on the financials of the company. All suggestion will be delivered keeping in view
with the compliance of the financial reporting standards. Further the issue highlighted by you
is on:
 Pewter’s ltd brand image as an Environmental responsible manner.
 Accounting Transactions for Steve Irwin.
The 1st concern which is about the perception of the company as a brand image of
economic friendly company and it is related to the intangible assets of the company which
falls under the AASB 138. The second concern was relating to the accounting for the