Reporting and Disclosure of Intangible Assets

The leader will nominate an XERO accounting firm for the analysis. A member is required to analyse its financial statement of the financial year ending in 2022. The analysis must focus on discussing the firms reporting and disclosure practices of intangible assets in AUstralia. In the discussion, detail the accounting policy that the firm follows in reporting, measuring, and disclosing its intangible assets, and provide an analysis of accounting policies. The discussion must evaluate the current accounting treatment for the recognition and measurement of intangible assets under AASB138.

Research requirements: A member need to support their analysis with reference to relevant material from the textbook and minimum of eight (8) suitable, reliable, current, and professionally acceptable sources - this should include at least 2 peer-reviewed academic journal articles.