Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question2: in contrast to several decades ago, int

Question2: In contrast to several decades ago, intangible assets are becoming increasingly important to the...

60.1K

Verified Solution

Question

Accounting

Question2: In contrast to several decades ago, intangible assets are becoming increasingly important to the value and operation of many organisations. For so many organisations, intangible assets form sizeable proportion of their total assets. This has resulted into central importance to intangible assets in such organisations. The rapidly changing technologies and markets have resulted into more knowledge-based assets rather than traditional assets having physical form. Artificial intelligence, cyber security are the fresh entrants to this group. Value of many organisations such as Facebook, Twitter, Google etc. is mainly composed of intangible assets rather than physical assets. However, consequently there is a greater need for sound financial reporting of these assets.

Required: Select an organisation (Not Apple Inc.) that has significant intangible assets and extract the statement of financial position (balance sheet) and notes from the Annual Report to analyse the intangible assets and analyse the identifiable and unidentifiable intangible assets recognised for accounting purposes in a report of 1500 words to provide analysis of an organisationss financials.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students