This report examines the impact of changes in the Australian retail industry on Shopping Centres Australia Property Group (SCP). It begins by outlining the requirements of AASB 140 related to investment properties, including recognition, measurement, and disclosure. The report then discusses management's flexibility in determining investment property values and analyzes the impact of retail industry changes, such as increased global competition, stagnant sales, and rising fixed costs, on SCP's financial statements, including the income statement and balance sheet. The report also explores the potential economic consequences of these changes, such as decreased profitability and asset base, and suggests strategies like expanding online presence to mitigate these effects. The analysis highlights the significance of positive accounting theory in understanding how companies respond to accounting standards and market dynamics.
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