Define intangible assets and discuss how they should be accounted for in accordance with international accounting standards. Discuss the accounting treatment of two intangible assets of your choice and the impact that accounting for these intangibles has on financial statements. Discuss the areas of difficulty in accounting for intangible assets. (20 marks) Define intangible assets and discuss how they should be accounted for in accordance with international accounting standards. Discuss the accounting treatment of two intangible assets of your choice and the impact that accounting for these intangibles has on financial statements. Discuss the areas of difficulty in accounting for intangible assets. (20 marks)