Application of Professional Judgement on Impairment Testing

Running head: APPLICATION OF PROFESSIONAL JUDGEMENT ON IMPAIRMENT
TESTING
Application of Professional Judgement on Impairment Testing
Name of the Student:
Name of the University:
Author’s Note:
Course ID:
ACCG224 S1 2019 SID

APPLICATION OF PROFESSIONAL JUDGEMENT ON IMPAIRMENT TESTING
Executive Summary:
The report reveals that professional judgements are required for the organisations owing to the
fact that it assists the organisations to provide necessary financial information to the financial
statement users. According to this report, land and buildings, plant and equipment and goodwill
have been impaired. The management of CSR Limited has applied suitable professional
judgements, which are in line with the requirements. Finally, there has been suitable alignment
with the objectives of general purpose financial reporting.
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ACCG224 S1 2019 SID

APPLICATION OF PROFESSIONAL JUDGEMENT ON IMPAIRMENT TESTING
Table of Contents
Introduction:....................................................................................................................................3
Requirement a:.................................................................................................................................3
Requirement b:.................................................................................................................................4
Requirement c:.................................................................................................................................5
Requirement d:.................................................................................................................................6
Conclusion and recommendations:..................................................................................................6
References:......................................................................................................................................8
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ACCG224 S1 2019 SID