This document discusses the implications of asset revaluations and impairment losses in accounting. It explains the relevant accounting standards and their application. The document also highlights the risks associated with non-compliance with the standards and provides a case study of Myer's impairment of intangible assets.

Implications of asset revaluations and impairment losses on entity's profits and equity value

Analyzing the implications of asset revaluations and impairment losses on an entity's profits and equity value, using authoritative references, relevant accounting standards, and the AASB Framework.

Learn about the implications of asset revaluations and impairment losses in accounting. Read this document to understand the relevant accounting standards and their application.

Asset Revaluations and Impairment Losses Implications | Desklib

Asset Revaluations and Impairment Losses Implications

Finance

Assignment Corporate Accounting | Impairment Testing

Corporate Accounting Assignment - AASB 136

Dissertation

Purpose of Accounting Standard Assignment

REVERSAL OF IMPAIRMENT OF GOODWILL REVERSAL OF IMPAIRMENT OF GOODWILL 6 6 REVERSAL OF IMPAIRMENT LOSS OF GOODWILL REVERSAL OF IMPAIRMENT LOSS OF GOODWILL Author’s Note: Impairment refers to an accounting principle which is associated with permanent reduction in the value of the assets of the company which are generally fixed assets. The calculation of impairment of assets is covered by AASB 136 which is a standard issued on impairment of assets by

Impairment of assets

This article explains the concept of impairment loss for cash generating unit excluding goodwill as per AASB 136. It covers the definition of carrying amount, cash generating unit, recoverable amount, and more. The article also discusses the requirements to identify the CGU, determine the carrying value, and identify the amount of impairment loss for the CGU. It further explains the journal entries and the disclosure requirements for impairment loss for CGU.

Calculus and Analysis

Impairment Loss for Cash Generating Unit Excluding Goodwill

This essay discusses the treatment of impairment loss in relation to asset's cash-generating unit. It reflects that the measurement of impairment loss while considering the cash generating unit is very much unlike from the calculation of impairment loss of separate asset.

Asset Revaluations and Impairment Losses Implications

End of preview

Assignment Corporate Accounting | Impairment Testing

Corporate Accounting Assignment - AASB 136

Purpose of Accounting Standard Assignment

Impairment of assets

Impairment Loss for Cash Generating Unit Excluding Goodwill

Impairment Loss Calculation of Cash Generating Unit

Asset Revaluations and Impairment Losses Implications

End of preview

Assignment Corporate Accounting | Impairment Testinglg...

Corporate Accounting Assignment - AASB 136lg...

Purpose of Accounting Standard Assignmentlg...

Impairment of assetslg...

Impairment Loss for Cash Generating Unit Excluding Goodwilllg...

Impairment Loss Calculation of Cash Generating Unitlg...

Assignment Corporate Accounting | Impairment Testing

Corporate Accounting Assignment - AASB 136

Purpose of Accounting Standard Assignment

Impairment of assets

Impairment Loss for Cash Generating Unit Excluding Goodwill

Impairment Loss Calculation of Cash Generating Unit