Corporate Accounting: Fair Value Measurement and Impairment Calculation

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By student name
Professor
University
Date: 16 May 2019.
Executive Summary
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A report has been prepared on the topic of corporate accounting. It has 2 sections.
In the first section, the fair value measurement concept has been discussed w.r.t.
accounting standard and why the same is necessary and how it can be
implemented. The various aspects of fair value accounting and its uses, the asset
and liabilities on which the same can be implemented have all been discussed in
the report. IN the second section, the calculation of impairment has been done for
the company Gali Limited, post which the journal entry recorded for loss on
impairment as on 30th June 2015 has also been shown.
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Table of Contents
Part A: Fair Value Measurement.................................................................................4
Introduction............................................................................................................. 4
Discussion and Analysis.......................................................................................... 4
Disclosure................................................................................................................ 6
Conclusion............................................................................................................... 7
Part B: Calculation for Impairment.............................................................................7
References............................................................................................................... 10
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