Question
Company value is increasingly being driven by intangible assets, yet many of these assets do not appear on company balance sheets as they don't satisfy
Company value is increasingly being driven by intangible assets, yet many of these assets do not appear on company balance sheets as they don't satisfy the recognition requirements of IAS 38/AASB 138 Intangible assets.
Based on the relevant reading and your research, explain why 'financial statements don't work for digital companies' such as Facebook. Do these financial statements meet their objective of providing relevant information to users?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
