By Using the Regulatory Discussions and Relevant International Accounting Standards (IASs): International Financial Reporting (IFRs) Assignment, ISCA, Singapore

Assignment Overview:

Knowledge:

1. Critica l appreciation of the current key issues in international financial reporting

2. Critical understanding of the conceptual framework as a paradigm for accounting

3. Critical understanding of the uses and limits of financial information

4. Critical understanding of financial reports for strategic decision making

Skills

1. An ability to demonstrate cognitive skills of critical thinking and analysis

Assignment brief:

By using the regulatory discussions and relevant international accounting standards (IASs) which are taught in the module APC311, you are required to provide a critical evaluation of the following areas of financial reporting.

1. Intangible Assets
2. Leases
3. Provisions, contingent liabilities and assets

Your assignment should aim to provide readers with comprehensive knowledge and critical reviews of these areas covering, for example:

• Knowledge of different accounting treatments in individual accounting standards
• Critical knowledge of implications of different accounting treatments on the usefulness of financial statements
• Your own understandings of, comments on, arguments, and contributions to the topic, such as key qualitative characteristics, true and fair view/fair presentation, creative accounting, etc..