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Accounting standards and regulation | Report

   

Added on  2020-02-24

9 Pages1895 Words82 Views
Running head: ACCOUNTING STANDARDS AND REGULATIONAccounting standards and regulationName of the studentName of the universityAuthor note
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1ACCOUNTING STANDARDS AND REGULATIONExecutive summaryThe main objective of this report is to focus on the determination of impairment test as perAASB 136. The report will focus on the impairment evidence, process for the impairment,required information for impairment and management’s flexibility for impairment with regardto Myer Holdings Ltd. further, this report will focus on the restructuring of Myer’s Frankstondepartment store. Moreover, the report will carry out the tests with regard to asset turnover,asset flow and asset base for determining whether there is any indication of impairment of anyof the stores.
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2ACCOUNTING STANDARDS AND REGULATIONTable of Contentsa.Evidence with regard to the impairment test.......................................................................4b.Required process for determining the impairment..............................................................4c.Required information for determining impairment test.......................................................6d.Management’s flexibility for impairment determination....................................................7Reference....................................................................................................................................8
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