University : Kings Own Institute
Course Title : ACC701
Uploaded by : Mark polee
The report summarizes the AASB 138 – Intangible Assets standard concerning the Ramsay Healthcare company. The company's treatment of Goodwill has been analyzed in the report. Ramsay follows the treatment of its intangible assets as per the standard. Goodwill and Brand have been considered as having an infinite life for which amortization has not been done while service cost and software have been considered as having finite life for which amortization has been considered. This is done as per the AASB 138 standard. Also, if the company has used a different policy than the results drawn will be different and expenses would have increased for the company.
Table of Contents
Introduction.
About the Company.
AASB 138.
Intangible asset for the company.
Difference in opting for a different policy.