What are intangible assets and how, according to AASB 101 and AASB 138, should they be disclosed
Question:
What are intangible assets and how, according to AASB 101 and AASB 138, should they be disclosed in a reporting entity’s statement of financial position?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (3 reviews)
Intangible assets can be defined as nonmonetary assets without physic...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
In contrast to several decades ago, intangible assets are becoming increasingly important to the value and operations of many organizations. For many organization's this represents a significant...
-
Mr Dlamini transport people between Butterworth and East London using a bus wvhich kn a capacity of 100 people. The transport charge starts with a minimum charge of R8 and thereafter it was increased...
-
Gelato Corporation, a private entity reporting under ASPE, was incorporated on January 3, 2013. The corporation's financial statements for its first year of operations were not examined by a public...
-
Discuss the primary sources of nonverbal communication.
-
Our American legal system can seem confusing at first. Using your critical thinking skills to answer the following questions as you read this chapter will help you understand how our legal system...
-
1. Does the courts decision make sense, given what you know about arbitration? 2. Why do you think the U.S. Supreme Court would not allow parties to broaden the scope of arbitration award review? 3....
-
Daniel lives in a rural town located in the Commonwealth of Massachusetts on 200 acres of land that includes a house, a greenhouse, and a large garden. The greenhouse is located about 15 feet from...
-
You are considering an investment in Crisp Cookwares common stock. The stock is expected to pay a dividend of $2 a share at the end of this year (D1 = $2.00); its beta is 0.9; the risk-free rate is...
-
19. Find the tension T for the system shown in figure :- T T T 1 kg 2 kg 3 kg (1) IgN (2) 2 gN (3) 5 gN (4) 6 gN 20. A ball of mass 0.5 kg moving with a velocity of 2 m/sec strikes a wall normally...
-
AASB 101 provides alternative presentation formats for a reporting entitys statement of financial position. Explain the alternative presentation formats, and describe the issues to consider as part...
-
AASB 101 stipulates a number of disclosures that many reporting entities are required to make. What specific disclosures are required by AASB 101 in relation to assets?
-
Use the following information for Taco Swell, Inc., (assume the tax rate is 34 percent): For 2002, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders. Sales...
-
What are stock options? Why would a corporation offer stock options to its employees?
-
Describe how the threat of substitute products has the potential to suppress an industrys profitability.
-
Define signaling and explain its potential value for a new venture.
-
What is the difference between preferred stock and common stock? Who gets paid first in the event of liquidationthe preferred stockholders or the common stockholders?
-
What is meant by the term sweat equity?
-
The standard specifications for an electric motor manufactured by XYZ Electric Co. follow: Standard cost per unit: Materials (2 lb à $5 per lb) . . . . . . . . . . . . . . . . . . . . . . . ....
-
Archangel Corporation prepared the following variance report. Instructions Fill in the appropriate amounts or letters for the question marks in the report. ARCHANGEL CORPORATION Variance...
-
What are the major advantages of the indirect method of reporting cash flows from operating activities?
-
Identify whether each of the following would be reported as an operating, investing, or financing activity in the statement of cash flows. (a) Issuance of common stock (b) Purchase of land (c)...
-
Identify whether each of the following would be reported as an operating, investing, or financing activity in the statement of cash flows. (a) Payment for selling expenses (b) Issuance of bonds...
-
Imagine you are Rip Van Winkle's daughter, Judith, writing a journal entry after her father reappears after 20 years. Try to get into the mind of Judith. Be imaginative and creative. Pretend you are...
-
Write a 250 words about a strategies that will enhance our customer experience in the cup cake shop (can be online as well)? (Like a new service, Designing the cupcakes, Offering cupcakes making...
-
Recall the example discussed in class where scientists utilized unsupervised machine learning to classify pictures of cancerous moles. Using the above example (or another one of your choice) explain:...
Study smarter with the SolutionInn App