Financial Accounting

Topic: Financial Accounting Paper details: Purpose of the essay assignment The assignment provides the opportunity to develop an in-depth understanding of measurement and recognition issues related to financial accounting. As accountants, we are concerned about providing decision-useful information to the users of financial statements for their decision making. To provide decision-useful information to the users of financial statements, accountants often require applying guidance given in accounting standards by using their judgment. Required: You are required to select one of the following areas: • Leasing • Liabilities including provisions and contingent liabilities (excluding lease liabilities) • Intangible assets • Revenue plus -Conclusion/Recommendation