Recent Question/Assignment

Assessment 2
Assessment Type: Case study report — theory and calculations — individual assessment
Purpose: To allow students to apply the technical knowledge of relevant accounting standards to
financial reporting settings. This assessment relates to learning outcomes c, d.
Value: 30%
Due Date: Week 9 - 8:00 pm Wednesday of Week 9
Submission: Submission must be made to the Moodle Assignment Link on the KOI Moodle Subject
Home Page by 8.00 pm Wednesday of Week 9. A printed copy must be submitted to the Lecturer at the
Week 9 Lecture to assist with marking. All assignments must have a signed KOI Assignment
Coversheet included with the submission.
Topic: Research Individual Assignment
Task Details: Internally generated intangible assets
In their article entitled 'U.S. firms challenged to get -intangibles- on the books', Byrnes and Aubin (2011)
noted that in the United States some companies were accounting for intangibles such as brands,
patents and information technology differently when they were developed internally rather than being
acquired. This could mean major differences in accounting numtErs where internally generated
intangibles developed at low costs by one company were sold for large amounts to another company.
They noted: The accounting differenæ could result in distorted behaviour, warns Abraham Briloff, a
professor emeritus of accountancy at Baruch College, tempting companies to buy intellectual property
rather than doing research themselves.
Required: Write a report on the impacts of AASB138 / IAS38 for internally generated intangible assets.
Discuss any differences between accounting for internally generated intangible assets and acquired
intangible assets in AASBI 38/ IAS38. Discuss why companies may be reluctant to press.
Research requirements: Students need to support their analysis with reference to relevant material from
the text and a minimum of eight (8) suitable, reliable, current and academically acceptable sources —
Required: Write a report on the impacts of AASB138 / IAS38 for internally generated intangible assets.
Discuss any differences between accounting for internally generated intangible assets and acquired
intangible assets in AASB138/ IAS38. Discuss why companies may be reluctant to press.
Research requirements: Students need to support their analysis with reference to relevant material from
the text and a minimum of eight (8) suitable, reliable, current and academically acceptable sources —
this should include at least 2 peer-reviewed academic journal articles.
PAGE 8 OF 13
CRICOS 0317M
Presentation: 2000 + 10% word short report format. Title page, executive summary, table of contents,
appropriate headings and sub-headings, recommendations/findings/conclusions, in-text referencing and
reference list (Harvard — Anglia style), attachments if relevant. Single spaced, font Times New Roman
12pt, Calibri 11 pt or Arial 10 pt.
Marking Guide:
Interpretation and representation
Calculations
Analysis
Assumptions
Communication
Total mark will be scaled to a mark out of 30 subject marks

Editable Microsoft Word Document
Word Count: 2131 words including References


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