Accounting Standards and Principles

Running head: ACCOUNTING STANDARDS AND PRINCIPLES
Accounting Standards and Principles
Name of the Student
Name of the University
Author’s Note

1ACCOUNTING STANDARDS AND PRINCIPLES
Table of Contents
Executive Summary...................................................................................................................2
Introduction................................................................................................................................3
Requirement a............................................................................................................................3
Requirement b............................................................................................................................4
Requirement c............................................................................................................................5
Requirement d............................................................................................................................5
Conclusion and Recommendations............................................................................................6
References..................................................................................................................................7

2ACCOUNTING STANDARDS AND PRINCIPLES
Executive Summary
This report shows that professional judgements are needed for the companies because it helps
the companies in providing quality financial information to the users of financial reports. As
per this report, only property, plant and equipment is impaired in Amcor Limited in 2018
while intangible assets were not impaired. The Board of Amcor Limited has made the
appropriate professional judgements that are in line with the requirements. Moreover, they
are well-aligned with the purposes of general purpose financial reporting.