For Puja

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 reportsCite 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.

 

15%

10%Explain the basic issues related to accounting for intangible assets10%Show and cite examples of financial statements with either intangible assets or natural resources.20%

Grading Criteria
	15%	explaining the meaning of these two assets
how these two types of assets are expensed.
		10%	how natural resources and intangible assets are reported for financial accounting purposes.
	20%	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.
Additional research supporting the initial answer to the IP (at least two references)