Myer Holdings Limited 2018 Annual Report and Notice of Annual General Meeting

Myer Holdings Limited releases its 2018 Annual Report and Notice of Annual General Meeting, including the Chairman's Report, Performance Review, and Sustainability at Myer.

Running head: CORPORATE ACCOUNTING  Corporate Accounting Name of the Student Name of the University Authors Note Course ID  CORPORATE ACCOUNTING  1  Table of

CORPORATE ACCOUNTING.

This document provides study material and solved assignments on Corporate Accounting. It includes answers to questions related to impairment testing, revaluation of assets, and more. The document also discusses the effects of impairment on financial statements and provides examples from Myer Ltd's annual report.

Corporate Accounting

This article discusses the principles of impairment and how it relates to assets, including goodwill. It explains how impairment testing is conducted and how it affects the carrying amount of assets. It also covers the allocation of impairment costs and the methods for computing losses from impairment.

Impairment loss for cash generating units including goodwill

This assignment analyzes Myer Holdings Ltd.'s approach to asset impairment testing as outlined in its annual report. It examines the company's adherence to AASB 136 standards, including their methods for identifying impaired assets, estimating recoverable amounts, and conducting sensitivity analysis. The analysis concludes that while asset impairments are not a major concern for Myer currently, regular testing remains crucial.

Finance

Asset Impairment Analysis of Myer Holdings Ltd

This assignment focuses on accounting for goodwill impairment under International Financial Reporting Standards (IFRS). It provides two sets of journal entries: one illustrating the initial recognition of an impairment loss and another showing its allocation to the income statement. The entries involve adjustments to various asset accounts (Goodwill, Patent, Equipment, Fittings, Inventory) and the Impairment Loss account.  The summary highlights the importance of recognizing impairment losses accurately and their impact on both balance sheet and income statement.

Goodwill Impairment Journal Entries

This article discusses the reversal of impairment loss for goodwill in corporate accounting and the disclosure requirements under IAS 36. It explains the calculation of impairment loss using the incurred loss model and the expected loss model. The article also highlights the prohibition of reversal of impaired loss for goodwill and the indicators for a settled impaired loss to be decreased or nullified. The complexity of impairment of intangible assets like goodwill is also discussed. The article concludes by emphasizing the importance of proper valuation of impaired assets in the balance sheet of the firm.

Reversal of Impairment Loss for Goodwill in Corporate Accounting

This document provides study material with solved assignments for Corporate Accounting. It covers topics like impairment testing, goodwill, intangible assets, and more. The document also includes a bibliography for further reading.

CORPORATE ACCOUNTING.

End of preview

Corporate Accounting

Impairment loss for cash generating units including goodwill

Asset Impairment Analysis of Myer Holdings Ltd

Goodwill Impairment Journal Entries

Reversal of Impairment Loss for Goodwill in Corporate Accounting

Corporate Accounting - Study Material with Solved Assignments

CORPORATE ACCOUNTING.

End of preview

Corporate Accountinglg...

Impairment loss for cash generating units including goodwilllg...

Asset Impairment Analysis of Myer Holdings Ltdlg...

Goodwill Impairment Journal Entrieslg...

Reversal of Impairment Loss for Goodwill in Corporate Accountinglg...

Corporate Accounting - Study Material with Solved Assignmentslg...

Corporate Accounting

Impairment loss for cash generating units including goodwill

Asset Impairment Analysis of Myer Holdings Ltd

Goodwill Impairment Journal Entries

Reversal of Impairment Loss for Goodwill in Corporate Accounting

Corporate Accounting - Study Material with Solved Assignments