This article discusses revenue recognition and lease accounting standards as per AASB 15 and AASB 16 respectively. It evaluates the case study of Chester Games Corporation (CGC) and its compliance with the standards.

Learn about AASB 15 and AASB 16 standards for revenue recognition and lease accounting, and how CGC complies.

Corporate Reporting - Revenue Recognition and Lease | Desklib

This article discusses the reversal of impairment loss for goodwill and its treatment in the profit and loss account of a firm. It also covers the mandatory requirements for impairment loss reversal under AASB 136 and the impact of goodwill acquisition on impairment testing of cash generating unit.

Corporate Accounting and Reporting

Political Science

(Doc) Corporate Accounting and Reporting

This document explains the principles of measurement, recognition, presentation and disclosures for leases and impairment loss measurement. It discusses the impact of lease on cash flow, financial position and financial performance of the company. The document also includes journal entries in the books of Gali Ltd as at 30th June 2015.

AASB 13 Fair Value Measurement&rdquo; provides the framework in order to gauge fair value, which could be applied to various other standards. Fair value is the measure, which ascertains the amount to be received for selling an asset or paid for transferring a liability in an orderly transaction between the market participants at the date of measurement. 

CORPORATE ACCOUNTING AND REPORTING THEORY

Individual Assignment

This article explains the impairment principles and how to allocate impairment loss for cash-generating units excluding goodwill. It also provides an example and a journal entry. The subject is corporate accounting and reporting, and the course code and college/university are not mentioned.

Impairment Loss for Cash-Generating Units Excluding Goodwill

The information provides the basis that can be used by the users of financial reports for assessing the impact that the lease has on cash flow, financial position and financial performance of the company (Aasb.gov.au 2019). Situation that leads the lease to be classified as the finance lease are – (i) ownership of underlying lease asset is transferred to lessee by closing of the lease term (ii) terms of lease is for maximum proportion of the asset’s economic life even if title of the

Corporate Reporting - Revenue Recognition and Lease | Desklib

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Corporate Accounting and Reporting

(Doc) Corporate Accounting and Reporting

Corporate Accounting and Reporting

CORPORATE ACCOUNTING AND REPORTING THEORY

Impairment Loss for Cash-Generating Units Excluding Goodwill

Principles for measurement, recognition, presentation and disclosures for finance leases AASB 16

Corporate Reporting - Revenue Recognition and Lease | Desklib

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Corporate Accounting and Reportinglg...

(Doc) Corporate Accounting and Reportinglg...

Corporate Accounting and Reportinglg...

CORPORATE ACCOUNTING AND REPORTING THEORYlg...

Impairment Loss for Cash-Generating Units Excluding Goodwilllg...

Principles for measurement, recognition, presentation and disclosures for finance leases AASB 16lg...

Corporate Accounting and Reporting

(Doc) Corporate Accounting and Reporting

Corporate Accounting and Reporting

CORPORATE ACCOUNTING AND REPORTING THEORY

Impairment Loss for Cash-Generating Units Excluding Goodwill

Principles for measurement, recognition, presentation and disclosures for finance leases AASB 16