Impairment Treatment and Disclosures in Financial Accounting

Running head: FINANCIAL ACCOUNTING STATEMENT
Financial accounting statement
Name of the student
Name of the university
Student ID
Author note

FINANCIAL ACCOUNTING STATEMENT
Table of Contents
Executive summary..........................................................................................................................3
Introduction......................................................................................................................................4
Body.................................................................................................................................................4
Answer (a)....................................................................................................................................4
Answer (b)....................................................................................................................................5
Answer (c)....................................................................................................................................6
Answer (d)....................................................................................................................................7
Conclusion........................................................................................................................................7
Reference list....................................................................................................................................8
Appendix..........................................................................................................................................9
ACCG224 S1 2019
SID Page 2

FINANCIAL ACCOUNTING STATEMENT
Executive summary
Main objective of the report is gathering financial information for an ASX 300 listed entity. The
report will specifically focus on impairment treatment done by the entity and the relevant
disclosures as well as judgments applied while written down the assets with regard to
impairment. For this task BHP Billiton will be analysed in context of the disclosures made by it
for impairment, valuation method used for estimating cash flow and basis on which discount rate
is applied
ACCG224 S1 2019
SID Page 3