This document discusses the methods of valuation for non current assets, including the fair value method and revaluation model. It explores the benefits and drawbacks of each method and explains the need for impairment testing. The document also provides insights into how assets are measured at fair value and the disclosures related to fair value measurement and impairment of assets. It discusses the guidelines of the Australian Accounting Standards Board and the company's compliance with IFRS and AASB.

Discover valuation methods for non-current assets, including fair value and revaluation, impairment testing, fair value measurement, and compliance with accounting standards.

Revaluation and Impairment Testing of Non Current Assets - Desklib

Revaluation and Impairment Testing of Non Current Assets

This document discusses the adoption of fair market value concept for fixed assets, benefits of fair market valuation, differences between US GAAP and IFRS, disclosures related to fair value measurement, and assessment of impairment test. It also provides insights into Medibank's goodwill allocation and cash generating units.

WHU - Otto Beisheim School of Management

Finance

Revaluations and Impairment Testing of Non-Current Assets

Accounting for Property, Plant & Equipment

Presentation

Financial Accounting

This article discusses the different valuation methods in financial accounting, specifically focusing on the revaluation method for Property, Plant, and Equipment. It explains the importance of consistent accounting policies and the treatment of impairment losses. The article also highlights the impact of natural calamities on asset valuation and the need for proper compliance with accounting standards.

Deakin University

Valuation Methods in Financial Accounting

This document discusses the advantages and disadvantages of the revaluation model for fixed assets and the relevance of impairment testing for non-current assets. It also provides a case study on Medibank's fair value measurement and impairment accounting.

Economics

MAA261 Calculation of Carrying Amount of Machine

This document discusses the concept of impairment testing in accounting and its significance in accurately valuing assets. It explores the methods used for impairment testing and the disclosures made in the annual report of a company. The document also provides examples and references to support the information presented.

Revaluation and Impairment Testing of Non Current Assets

Revaluations and Impairment Testing of Non-Current Assetslg...

Accounting for Property, Plant & Equipmentlg...

Valuation Methods in Financial Accountinglg...

Revaluations and Impairment Testing of Non-Current Assetslg...

MAA261 Calculation of Carrying Amount of Machinelg...

Impairment Testing in Accountinglg...

Revaluations and Impairment Testing of Non-Current Assets

Accounting for Property, Plant & Equipment

Valuation Methods in Financial Accounting

Revaluations and Impairment Testing of Non-Current Assets

MAA261 Calculation of Carrying Amount of Machine

Impairment Testing in Accounting