Assignment On Financial Accounting 2022

Running head: Financial Accounting Assignment
Financial Accounting Assignment
Name of the Student
Name of the University
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1Financial Accounting Assignment
Executive Summary
The report consists of the financial accounting process and how it helps the company in
regards of the preparation of the financial statements. It also show about the different
accounting standard and how it should be implement in the financial statement of the
company. It also shows the difference in the accounting treatment of AASB 138 and AASB
136.

2Financial Accounting Assignment
Table of Contents
Introduction................................................................................................................................3
Discussion..................................................................................................................................3
AASB 137 – Contingent Liabilities.......................................................................................3
Delta Ltd Case Study.............................................................................................................4
AASB 138 – Intangible Asset................................................................................................4
AASB 136 – Impairment of Assets........................................................................................4
Difference between AASB 138/ AASB 136 in Treatment of Accounting............................5
Companies View point about intangible asset.......................................................................5
Conclusion..................................................................................................................................5
Reference....................................................................................................................................7