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What are the objectives of the conceptual framework

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Question 1 - What are the objectives of the Conceptual Framework and do you think whether is it relevant and useful to companies. Discuss.

Question 2 - Discuss and outline the requirements for "revenue recognition principles". What do you think the standard is designed to achieve? In your opinion is there any gap that the standard setter has not fully addressed?

Question 3 - What do you think the standard is designed to achieve? In your opinion is there any gap that the standard setter has not fully addressed.

Question 4 - Discuss the treatment of Goodwill in terms of reporting on the financial statement and the relevant AASB for guidance.

Why do think "Internally Generated Goodwill" a contentious issue as to its value to be reported on the Balance sheet? Discuss challenges of reporting intangible assets in financial statements and provide relevant examples.

Reference no: EM132872162

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