MAA363 Corporate Accounting

Referring to AASB 138 Intangible Assets, you have to answer the following questions to present to the Board members of Metcash Ltd. For this assessment you should work in a group of THREE OR FOUR STUDENTS (3 or 4) to produce a video which:

1. Analyses and explains how Metcash Ltd has accounted for intangible assets; including how they have been disclosed in the 2018 financial statements (and discuss whether this has changed since previous year’s accounts); and

2. Evaluates and discusses Metcash Ltd’s compliance with AASB 138 Intangible Assets in its financial report for 2018; including the definition, recognition, measurement and disclosure of intangible assets, and any relevant liabilities, equity, income and expenses; and

3. Discuss how continuous impairment of intangible assets may in future impact on various stakeholders such as employees, lenders and investors.