This report analyzes advanced financial accounting concepts, specifically focusing on impairment testing and lease accounting, referencing Computershare Limited's 2017 annual report. It examines the company's approach to impairment testing of intangible assets, including goodwill and mortgage servicing rights, detailing the methodologies used, such as value-in-use calculations and discounted cash flow methods. The report highlights key assumptions, the subjectivity involved, and interesting aspects of the impairment testing process, including the adoption of a new impairment model and the treatment of fair value measurement. Furthermore, the report delves into the implications of new accounting standards for leases (IFRS 16), discussing its impact on financial statements, the rationale behind the changes, and the potential effects on various industries and investment decisions. The report also explores the chairpersons of the IASB's perspective on the new standards, including the shift towards reflecting economic reality and the impact on balance sheets and investment decisions.