ACC201: Creative technology ltd Describe the Business Activities and Locations of each Operating Segment: Financial Accounting Assignment, SUSS, Singapore

Creative technology ltd

1. Describe the business activities and locations of each operating segment of your company. Discuss the financial performance of your company, including the key factors affecting financial performance in 2018-2019, in comparison to the previous 2017-2018 financial year.

2. Explain, using examples, whether your company classifies expenses by nature, or by function. Identify and briefly discuss the components of Other Comprehensive Income.

3. Consider the lease agreements, which your company has entered as the lessee. As the new lease accounting standard (AASB16) is effective for the first financial year commencing on or after 1 January 2019, your company is probably still applying the previous accounting standard (AASB117). Discuss how the new accounting standard will affect the assets, liabilities, and profit of your company.

4. Identify and describe each class of your company’s intangible assets. Explain the relevance of each class on intangible assets to your company’s business operations