Research Project Assignment - Technology Enterprise Ltd

Added on - 22 Nov 2020

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Research IndividualProject
Table of ContentsEXECUTIVE SUMMARY............................................................................................................3INTRODUCTION...........................................................................................................................1TASK 1.........................................................................................................................................1How should the project be accounted for in the financial statements for the year ended...........1TASK 2..........................................................................................................................................3The rules or restrictions in AASB 138/IAS 38...........................................................................3TASK 3............................................................................................................................................4Response to Chief Executive officer & recommendation...........................................................4CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6
EXECUTIVE SUMMARYThis report summarises about the research project and Technology Enterprise Ltd is acompany that is planing to modify its design of charging batteries. AASB 138/ IAS 38 is mainlyassociated to treatment of intangible assets in context to evaluate nature of design. For anorganisation it is necessary to accomplish the requirement of AASB in order to record newdesign in context to intangible assets. The recommendations about how the corporation can fulfilthe expectation of investor's interpretation of information related to financial reports.
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