This report discusses the concept of impairment loss of cash generating unit except goodwill, its calculation, and disclosure requirements. It also provides a solved example for Gali Limited. The subject is Accounting, the course code is ACC101, and the university is XYZ.

Discover impairment loss of cash generating unit (excluding goodwill) - concepts, calculation, disclosure requirements, and a solved example for Gali Ltd. ACC101, XYZ Uni.

Impairment Loss of Cash Generating Unit Except Goodwill - Desklib

Impairment Loss of Cash Generating Unit Except Goodwill

Accounting Research Methods

Negros Oriental State University

Finance

Corporate Accounting & Reporting : Assignment

The assignment content is about the impairment loss allocated to different assets within a cash-generating unit (CGU). The CGU has land, equipment, and building as its main assets, with a total carrying amount of $256,000. An impairment loss of $20,000 was recognized, with $7,265 already assigned to land. The remaining $12,735 needs to be allocated across the other assets. After apportionment, the final allocation is Goodwill: $10,000, Land: $7,265, Equipment: $7,823, and Building: $4,912. Journal entries were made to record the impairment losses. The conclusion highlights the importance of transparency in disclosure, emphasizing the need for supporting facts and figures, as well as justifying the selection of the cash-generating unit.

Data Science and Big Data

Impairment Loss Allocation

Essay

This essay explains the principles of impairment loss, allocation of impairment loss, and impairment testing of cash generating units excluding goodwill. It also discusses the recent amendment for IAS 36 and the effect of joint auditor pair composition on audit quality. The essay provides insights into the variables used to manage the goodwill impairment test under IAS 36 and the effect of real activities on avoiding goodwill impairment losses.

Impairment loss on Cash generating Units excluding goodwill

(pdf) Corporate Accounting Assignment Sample

This article discusses impairment loss for cash generating unit including goodwill and provides a solution to question 2 in Corporate Accounting & Reporting Assignment. It explains the factors that need to be assessed to judge whether the assets mentioned in the balance sheet needs impairment or not. The article also highlights the relevant disclosures that should be included in the financial statements. The subject is Corporate Accounting & Reporting Assignment, and the course code, course name, and university are not mentioned.

Corporate Accounting & Reporting Assignment

This assignment delves into the principles of impairment accounting for fixed assets as outlined in AS 28 and IAS 36. It explores the recognition and measurement of impairment losses, considering both internal and external indicators that signal potential asset devaluation. The document emphasizes the importance of calculating recoverable value, which is the higher of fair value less costs of disposal or value in use.  Furthermore, it highlights the crucial role of disclosures in financial statements to ensure transparency regarding impairment assessments.

Impairment Loss of Cash Generating Unit Except Goodwill

Corporate Accounting & Reporting : Assignmentlg...

Impairment Loss Allocationlg...

Impairment loss on Cash generating Units excluding goodwilllg...

(pdf) Corporate Accounting Assignment Samplelg...

Corporate Accounting & Reporting Assignmentlg...

Impairment Accounting of Fixed Assetslg...

Corporate Accounting & Reporting : Assignment

Impairment Loss Allocation

Impairment loss on Cash generating Units excluding goodwill

(pdf) Corporate Accounting Assignment Sample

Corporate Accounting & Reporting Assignment

Impairment Accounting of Fixed Assets