It is expected that students research the Conceptual Framework of Accounting and the Australian Accounting Standards in order to examine their implications for the presentation of Assets, both tangible and intangible, in the financial statements.

Find the 2019 Annual Report of Coca-Cola, research the above requirements and answer each question below:

1. Outline the recognition criteria and valuation methods for different assets under the Conceptual framework and discuss any issues with the recognition criteria or valuation methods 450word

2. List the different types of Assets held and the amount for each type of asset for the company. Identify the different types of valuation methods used for the different assets held by the company. 450word

3. Discuss the reasons for the company using different valuation methods for the different types of assets and whether the use of these different methods by the company is acceptable and provide useful information. 450word