Question2: In contrast to several decades ago, intangible assets are becoming increasingly important to the value and operation of many organisations. For so many organisations, intangible assets form sizeable proportion of their total assets. This has resulted into central importance to intangible assets in such organisations. The rapidly changing technologies and markets have resulted into more knowledge-based assets rather than traditional assets having physical form. Artificial intelligence, cyber security are the fresh entrants to this group. Value of many organisations such as Facebook, Twitter, Google etc. is mainly composed of intangible assets rather than physical assets. However, consequently there is a greater need for sound financial reporting of these assets. Required: Select an organisation that has significant intangible assets and extract the statement of financial position (balance sheet) and notes from the Annual Report to analyse the intangible assets and analyse the identifiable and unidentifiable intangible assets recognised for accounting purposes in a report of 1500 words to provide analysis of an organisationss financials..

1. Question2: In contrast to several decades ago, intangible assets are becoming increasingly
important to the value and operation of many organisations. For so many organisations, intangible
assets form sizeable proportion of their total assets. This has resulted into central importance to
intangible assets in such organisations. The rapidly changing technologies and markets have
resulted into more knowledge-based assets rather than traditional assets having physical form.
Artificial intelligence, cyber security are the fresh entrants to this group. Value of many
organisations such as Facebook, Twitter, Google etc. is mainly composed of intangible assets
rather than physical assets. However, consequently there is a greater need for sound financial
reporting of these assets.
Required: Select an organisation that has significant intangible assets and extract the statement of
financial position (balance sheet) and notes from the Annual Report to analyse the intangible
assets and analyse the identifiable and unidentifiable intangible assets recognised for accounting
purposes in a report of 1500 words to provide analysis of an organisationss financials.