This document discusses the importance of financial accounting and reporting, including the use of accounting standards and the need for professional judgement. It also provides an example of IAS 36 on impairment of assets and emphasizes the importance of proper disclosures in financial statements.

Application of Professional Judgment On Impairment Testing

The assignment requires the application of professional judgment in impairment testing and includes a research-based report and a video oral presentation.

Learn about financial accounting and reporting, including the importance of accounting standards and the need for professional judgement in interpreting them.

Financial Accounting and Reporting

This article discusses the concept of impairment of assets and the appropriate IFRS standard for recognition. It also explores the acquisitions made by a UAE company and their impact on financial statements.

Impairment of Assets and Acquisitions in Corporate Reporting

This presentation discusses the role of professional judgment in accounting, using BHP as a case study. It explores the importance of professional judgment in ensuring trust, making informed decisions, and serving as a referee in economic life. The presentation also covers the impairment disclosures made by BHP, the valuation method used, key estimates and judgments involved, and the impairment charges incurred. It concludes by discussing the application of professional judgment and the adherence to fundamental characteristics of financial reporting.

Finance

Role of Professional Judgment in Accounting

Presentation

IAS 36 — Impairment of Assets PDF

Evaluating Objectives of IAS36 Impairment of Assets

This report explains the general principles in relation to the recognition of impairment for assets. Real-life examples of some major impairment losses recognized by the organization and disclosure of information about impairment losses within their financial statements and supporting notes will be discussed.

Recognition and Disclosure of Impairment of Assets in Financial Reporting

This document provides information about IFRS 9, impairment of non-financial assets, and income taxes through the notes to financials of a company. It explains the impact of these accounting standards on the company's financial statements.

Financial Accounting and Reporting

End of preview

Impairment of Assets and Acquisitions in Corporate Reporting

Role of Professional Judgment in Accounting

IAS 36 — Impairment of Assets PDF

Evaluating Objectives of IAS36 Impairment of Assets

Recognition and Disclosure of Impairment of Assets in Financial Reporting

IFRS 9, Impairment of Non-Financial Assets, Income Taxes - Notes to Financials

Financial Accounting and Reporting

End of preview

Impairment of Assets and Acquisitions in Corporate Reportinglg...

Role of Professional Judgment in Accountinglg...

IAS 36 — Impairment of Assets PDFlg...

Evaluating Objectives of IAS36 Impairment of Assetslg...

Recognition and Disclosure of Impairment of Assets in Financial Reportinglg...

IFRS 9, Impairment of Non-Financial Assets, Income Taxes - Notes to Financialslg...

Impairment of Assets and Acquisitions in Corporate Reporting

Role of Professional Judgment in Accounting

IAS 36 — Impairment of Assets PDF

Evaluating Objectives of IAS36 Impairment of Assets

Recognition and Disclosure of Impairment of Assets in Financial Reporting

IFRS 9, Impairment of Non-Financial Assets, Income Taxes - Notes to Financials