会计作业：关于Advertising Expenditure资本化

linz86. · 发表于 2014-9-29 14:08:23

本帖最后由 linz86 于 2014-9-29 14:37 编辑
本人会计菜鸟，求问以下一份会计作业，要求写一份Business Letter.
主要问问第一个问：
大致内容是，这个公司决定把过去四年的广告支出资本化，变成Product Awareness. 要就此决定改变Accounting Policy。
但问题出现了，由于火灾，该公司的广告支出record损毁，丢失了。
问题：a，怎样披露关于policy的改变；b，以及怎样披露关于广告资本化的决定，还有estimated的数据。
基本原理在AASB108。我研究了许久，但没找到关于资本化的披露方法。求大神点拨！！
原题：
From: James Manning
Re: Accounting Issues
1. Advertising expenditure has been previously expensed as incurred in our company. Following extensive market research, the board of directors has taken the view that benefits from advertising expenditure in the form of product awareness and increased sales will be received by the company over a 4-year period following the expenditure. The board of directors has approved to change the accounting policy for the treatment of advertising expenditure in April this year (i.e. to record it as an asset rather than an expense). However, due to a recent fire and water damage to the company’s accounting records, details of the advertising expenditure in prior years have been destroyed.
a. (i) What guidance or information does AASB 108 provide regarding the disclosures, if any, which are required for the change in accounting policy? Could you please provide an example of disclosures for change in accounting policy to assist my understanding? (ii) Based on the example you provide, critically analyse and evaluate to what extent the example meets the disclosure requirements for change in accounting policy as per AASB108? (Hint: you are required to choose a disclosure note for change in one accounting policy from the latest annual report of a company chosen by yourself, which is constituent of the ASX 200 index. You are required to attach the selected disclosure example in original layout as an appendix and use appropriate reference format. The example does not have to be the same change in accounting policy for advertising expenditure. ) (5 marks)
b. Could you please also help me prepare a draft of the disclosure note for the change in accounting policy for advertising expenditure for my company according to AASB 108?
(6 marks)
2. Australia has adopted the standards issued by the IASB as from 1 January 2005. I have been told by one of my colleagues that because of the principles-based nature of IFRS, accountants are required to apply professional judgements extensively in preparing financial statements. Could you please explain what judgements or estimates would be required in determining depreciation of non-current assets and how these judgements would be made?
(4 marks)
4
I would like to see appropriate references to support your advice.
Kind Regards
James Manning
PS. Your written advice regarding these issues would be appreciated.