RECENT ASSIGNMENT

Assessment 2
5:24 pm
O moodle.koi.edu.au
900/0
Assessment Type: Case study report — theory and calculations — individual assessment
Purpose: To allow students to apply the technical knowledge of relevant accounting standards to
financial reporting settings. This assessment relates to learning outcomes c, d.
Value:
Due Date: Week 9 - 8:00 pm Wednesday of Week 9
Submission: Submission must be made to the Moodle Assignment Link on the KOI Moodle Subject
Home Page by 8.00 pm Wednesday of Week 9. A printed copy must be submitted to the Lecturer at the
Week 9 Lecture to assist with marking. All assignments must have a signed KOI Assignment
Coversheet included with the submission.
Topic: Research Individual Assignment
Task Details: Internally generated intangible assets
In their article entitled 'U.S. firms challenged to get -intangibles- on the books', Byrnes and Aubin (2011)
noted that in the United States some companies were accounting for intangibles such as brands,
patents and information technology differently when they were developed internally rather than being
acquired. This could mean major differences in accounting numbers where internally generated
intangibles developed at low costs by one company were sold for large amounts to another company.
They noted: The accounting difference could result in distorted behaviour, warns Abraham Briloff, a
professor emeritus of accountancy at Baruch College, tempting companies to buy intellectual property
rather than doing research themselves.
Required: Write a report on the impacts of AASB138 / IAS38 for internally generated intangible assets.
Discuss any differences between accounting for internally generated intangible assets and acquired
intangible assets in AASB138/ IAS38. Discuss why companies may be reluctant to press.
Research requirements: Students need to support their analysis with reference to relevant material from
the text and a minimum of eight (8) suitable, reliable, current and academically acceptable sources —
ACC701 FINANCIAL ACCOUNTING T319 22/10/2019 16:47
*AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTDO ABN: 72 132 629 979
Approved bv KOI Acadelnic Board for 201 9
ACC701
this should include at least 2 peer-reviewed academic journal articles.
PAGE 8 OF 13
CRICOS 03171A
Presentation: 2000 + 10% word short report format. Title page, executive summary, table of contents,
appropriate headings and sub-headings, recommendations/findings/conclusions, in-text referencing and
reference list (Harvard — Anglia style), attachments if relevant. Single spaced, font Times New Roman
12pt, Calibri II pt or Arial 10 pt.
Marking Guide:
Interpretation and representation
Calculations
Analysis
Assumptions
Communication
20%
20%
20%
20%
Total mark will be scaled to a mark out of 30 subject marks.