Decision case - intangible assets

Assignment Help Accounting Basics

Reference no: EM131608529

First assignment - Decision case

This assessment item assesses the following learning outcomes:

Knowledge & Technical Skills (KS) - Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
Higher Order Thinking Skills (HO) - Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.

Purpose: Critical thinking skills are highly valued in business. This is particularly true for accountants who are often tasked with suggesting solutions where there is no uncontested or objective answer to the problem they are faced with. This assessment item is intended to develop these skills.

DECISION CASE - INTANGIBLE ASSETS

According to Baruch Lev, "Wealth and growth in today's economy are driven primarily by intangible assets." Margaret Blair and Steven Wallman concur: "The factors that have become most important to business success and economic growth in developed economies in the twenty-first century are 'intangible' or nonphysical." Yet accounting ignores and obscures the key factors to business success and value creation. Conceptual Framework 2010 indicates that expenditure on intangibles that meets the definition of, and recognition criteria for, assets should be capitalised. However, AASB 138 specifically prohibits the recognition of internally developed brands, mastheads, publishing titles, customer lists and similar items. Do you think these views are conflict? Explain and give possible reasons for the AASB138 prohibition.

Second assignment - Presentation

This assessment item assesses the following learning outcomes:

Knowledge & Technical Skills (KS) - Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
Be critical thinkers and effective problem solvers (HO) - Exercise independent judgment and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Be professional communicators in an intercultural context (PC) - Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.

Purpose: Effective oral communication skills are highly valued in business. This is particularly true for accountants who are often tasked with suggesting solutions where there is no uncontested or objective answer to the problem they are faced with. This assessment item is intended to develop these skills.

Need solution in 500 words + presentation + script to read the presentation.

Assignment Files -

https://www.dropbox.com/s/6z9vhonc2j6biqr/Assignment%20Files.rar?dl=0

Reference no: EM131608529

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Decision case - intangible assets : DECISION CASE - INTANGIBLE ASSETS. Explain and give possible reasons for the AASB138 prohibition

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Reviews

len1608529

8/22/2017 3:38:45 AM

Need solution in 500 words + presentation + script to read the presentation. I ask you Two (2) different assignment in the same topic. It is also really important for me. First assignment Decision case (like usual asking assignment) Attached files: lecture note and other resources. Second assignment Presentation (by using same topic). Time : 10-12 minutes. Purpose: Effective oral communication skills are highly valued in business. This is particularly true for accountants who are often tasked with suggesting solutions where there is no uncontested or objective answer to the problem they are faced with. This assessment item is intended to develop these skills.

len1608529

8/22/2017 3:38:38 AM

Description: Each week the end of the lecture slides, there will be a ‘decision-case’ based on the lecture topic and learning objectives for that week. Each decision-case introduces a proposition and requires students to support or oppose that proposition. Each student will be assigned a week and a topic where they will present their response to the decision-case to their tutorial group. Presenters are expected to encourage and lead any subsequent class discussion of their material. The required length of the presentation is 10-12 minutes including class discussion. There was excellent and well researched support for the decision as indicated by: The relevance and importance of the topic were well identified and developed. You identified, evaluated and critically analysed a comprehensive number of arguments for and against the issue that lead to the decision.

len1608529

8/22/2017 3:38:32 AM

Demonstrate and apply integrated and advanced discipline and professional practice knowledge - Content of presentation is comprehensive and fully coherent with the relevant topic; there are no digressions or areas uncovered. Structure, organisation of presentation. Clarity of opinions/ argument. Argument is logical, convincing and fully researched; structure is professionally tailored for the audience, and clearly signposted throughout; correct (accounting) terminology is used.

len1608529

8/22/2017 3:38:26 AM

Highly effective oral presentation skills. Convincing and interesting manner; highly professional presentation; voice always interesting and well-modulated, audible and clear; maintains good eye contact; body language appropriate and never distracting. There is minimal reliance on written notes. Effective use of visual aids. Adherence to time limits. Use of visual aids is judicious and consistently integrated to maximise engagement and transmission of meaning. Presentation adheres to time limits.

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