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ACCT20071 Foundations In Accounting

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Two articles ‘Firms to fight write down rules’ (Link1below) and ‘Media to feel the IFRS cut the deepest’ (Link2 below) published in ‘The Australia’ newspaper a long time back identified how IFRS may negatively impact the interests of Australia listed companies. Use peer reviewed academic research to decide the impact of IFRS in relation to companies’ intangibles assets and comment on whether those concerns have materialised. Wesfarmers Company’s 2018 annual report should be used as an illustrative example to support your argument regarding the impact of IFRS in relation to intangibles.

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