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Discuss whether the disclosure of Intangible Assets under AASB138 together with impairment of assets (AASB136) can provide the avenue for creative accounting practices as suggested
Discuss whether the disclosure of Intangible Assets under AASB138 together with impairment of assets (AASB136) can provide the avenue for creative accounting practices as suggested by Finch (2006).
Your discussion should include, but not limited to:
- identification and a brief description of the main issues
- Past and current issues need to be discuss critically. Discussion should cover among other things, the definition, initial recognition, initial measurement and subsequent measurement of intangible assets
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