The CEO attended a workshop on natural resources and intangible assets. He was confused on the difference between these two types of assets and how to write-off the cost of these assets.

He has asked you to make a presentation at the next Board of Directors meeting including the following:

• Explain the meaning of these two assets.
• How these two types of assets are expensed.
• How natural resources and intangible assets are reported for financial accounting purposes.
• Explain the basic issues related to accounting for intangible assets.
• Show and cite examples of financial statements with either intangible assets or natural resources.
• Choose two companies in the same industry and find their current annual reports
  • Cite both reports.
  • Determine and explain how either their natural resources or intangible are written-off.
  • Discuss the implication this has for comparing the results of these two companies.
• Include at least two additional research references.

Grading Criteria
15%	explaining the meaning of these two assets
15%	how these two types of assets are expensed.
10%	how natural resources and intangible assets are reported for financial accounting purposes.
10%	Explain the basic issues related to accounting for intangible assets
10%	Show and cite examples of financial statements with either intangible assets or natural resources.
20%	Choose two companies in the same industry and find their current annual reports. Cite both reports. Determine and explain how either their natural resources or intangible are written-off. Discuss the implication this has for comparing the results of these two companies.
20%	Additional research supporting the initial answer to the IP (at least two references)

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Course Materials

Delivery Length 5-7 slides