Accounting Research Report: Comparative Analysis of Asset Valuation

This report presents a comparative analysis of the valuation of land and buildings and intangible assets for five Australian companies: BHP Billiton, Newcrest Mining, Amcor, Fortescue Metals Group, and BlueScope Steel. The research employs secondary data, specifically annual reports from the past five years, to examine the accounting treatment of these assets. The analysis covers key aspects like depreciation methods, amortization of intangible assets (including software and licenses), and the recognition of goodwill. The report highlights the different approaches each company uses, such as straight-line depreciation, unit-of-production methods, and the treatment of goodwill and other intangible assets. The findings reveal the diverse accounting practices and standards adopted by these companies in valuing their assets, providing insights into their financial reporting strategies and asset management. The report also delves into the specific disclosures made by each company in their financial statements, offering a detailed understanding of their accounting policies related to property, plant, equipment, and intangible assets.