Accounting Treatment of Intangible Assets in Technology Ltd

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

1Financial Accounting
Executive Summary
The main purpose of the assessment would be to analyse the business of Technology ltd which is
engaged in the business of technological advancement. The business is in the process of
developing a new asset for which appropriate treatment needs to be undertaken by the
management of the company. The assessment considers the research and development
undertaken by the business and treatment of the same from the perspective accounting. The
assessment would be considering disclosures which is stated in relevant accounting standards
which is applicable to the operations of the business.

2Financial Accounting
Table of Contents
Introduction...............................................................................................................................3
1. Accounting to the Project to the Financial Statements:.........................................................3
Intangible Asset Recognition....................................................................................................3
Management of Intangible Asset...............................................................................................4
Research Cost............................................................................................................................4
Asset Development....................................................................................................................4
Reduction of Comparability of Financial Statements...............................................................4