FAC3764 Assessment 10

FAC3764 Assessment 10 QUESTION 1 (continued) REQUIRED: a) b) c) prepare the correcting journal entry,'entries Of any}, in accorcance With AS 38t Intangeb/e assets to account for the costs incurred in relation to the patent for the financial year ended 31 March 2023. Please note: Journal narrations are not required. You do not need to indicate any dates for the correcting journal entryientries_ Discuss how the revenue recognition anc measurement principfes stjpudateC in IFRS 15: Revenue from contracts wrttl customers will affect the revenue amount accounted tor on the streaming services contracts for the financial year ended 31 Marcn 2023_ Please note: Cabculations are required_ No marks will be awarded for calculations if the calculations are not supported by relevant discusstons_ Communication mar* Dg'ca,J argument Disclose the fooowung notes to the annual financtal statements of Todo LtC for the financial year ended 31 March 2023 Intangible assets Deferred tax (Excluding the patent) Please note: Include any impairment loss disclosure within your entangible asset note that nmgnt be applicable. Indicate En your deferred tax note. whether the deferred tax balance per Item is a deferred tax asset or a deferred tax liability Your deferred tax note does not have to 'nc'ude an uahtatlve Ciscaosuresv Please note: Your answer must comply with the requirements ot Financial Reporfrng Stancaras (JFRS). Accounting poncy notes are not required Comparatrve informaton is not required. All calculatons must be shown. Calcuaauons are to be done to the nearest Rand Marks 15 1501