Topic: Financial Accounting

Paper details:

Purpose of the essay assignment
The assignment provides the opportunity to develop an in-depth understanding of measurement and recognition issues related to financial accounting. As accountants, we are concerned about providing decision-useful information to the users of financial statements for their decision making. To provide decision-useful information to the users of financial statements, accountants often require applying guidance given in accounting standards by using their judgment.

Required:

You are required to select one of the following areas:
• Leasing
• Liabilities including provisions and contingent liabilities (excluding lease liabilities)
• Intangible assets
• Revenue
plus
-Conclusion/Recommendation