The CEO attended a workshop on natural resources and intangible assets. He was confused on the difference between these two types of assets and how to write-off the cost of these assets.
He has asked you to make a presentation at the next Board of Directors meeting including the following:
- Explain the meaning of these two assets.
- How these two types of assets are expensed.
- How natural resources and intangible assets are reported for financial accounting purposes.
- Explain the basic issues related to accounting for intangible assets.
- Show and cite examples of financial statements with either intangible assets or natural resources.
- Choose two companies in the same industry and find their current annual reports
- Cite both reports.
- Determine and explain how either their natural resources or intangible are written-off.
- Discuss the implication this has for comparing the results of these two companies.
- Include at least two additional research references.
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Grading Criteria |
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15% |
explaining the meaning of these two assets |
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15% |
how these two types of assets are expensed. |
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10% |
how natural resources and intangible assets are reported for financial accounting purposes. |
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10% |
Explain the basic issues related to accounting for intangible assets |
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10% |
Show and cite examples of financial statements with either intangible assets or natural resources. |
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20% |
Choose two companies in the same industry and find their current annual reports.
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20% |
Additional research supporting the initial answer to the IP (at least two references) |