Same Ratio Of Allocation Of Impairment Loss -Myassignmenthelp.Com

Question: Discuss About The Same Ratio Of Allocation Of Impairment Loss? Answer: Introducation Accounting of Impairment of assets come under the purview of Accounting Standard 136 (AASB 136). This accounting standard made under section 334 of the corporations Act 2001. AASB 136 recognises and measures the impairment loss of non-financial assets those not covered under in any AASBs. Further this standard will also specify the methods of performing impairment tests, timings of conducting indication test as well as combination of assets under tests. Further AASB 136 also prescribes the method of reporting losses of impairment in financial reports, reversal conditions of impairment losses and last but not the least disclosure methods and the requirements (AASB-136, 2007). The main purpose of this standard is to assure that entities cannot carry assets more than the recoverable amount. Entities are required to impaired assets and charge impairment loss in the books of accounts. It includes an exception which states that if the carrying amount is more than the amount to get recovered through use or sale of asset, then in that case entities can carry assets more than the recoverable amount in their books (Paragraph 1). This standard is applicable to those entities which prepares books of accounts in accordance with Corporation Act 2001 (AASB-136, 2007). This standard applicable to non-financial assets such as buildings, furniture, fixtures, subsidiaries, associates, joint ventures, equipment, goodwill, machineries etc. (AASB-136, 2007). Further Paragraph 2 of AASB 136 states that the applicability of this standard does not extend to book impairment loss of inventories, construction contracts assets, deferred tax assets, investment property valuing under AASB 140 and other assets which cover its valuation under AASB 119, AASB 139, AASB 5 and AASB 141 etc. (AASB-136, 2007). According to paragraph 9 of AASB 136, every entity shall assess at each reporting date the indication of asset impairment and that indication can be gathered either through outer sources or inner sources of information. If any sort of indication exists, the recoverable amount will be estimated by the entity for that particular asset. Apart from indication, entities can also test for impairment to those intangible assets having infinite life plus those which are not available for use and for goodwill also on a yearly basis by comparing recoverable amount with the carrying amount (AASB-136, 2007). Now the calculation of recoverable amount is stated in paragraph 19-57 of AASB 136 which states that recoverable amount of asset or cash generating unit is higher of the two: fair value minus cost to sell and the value in use (AASB-136, 2007). Paragraph 25-29 of AASB 136 describes Fair value minus cost to sell. It means the value obtainable at the arms length price at the time of sale of cash generating units or assets minus disposal costs if any (AASB-136, 2007). Value in use means proposed Present value of cash flows derived from cash generating units or assets. If in case any amount (that is either value in use or fair value less cost to sell) is higher than carrying amount of assets or cash generating units then the other amount does not need to calculate because assets or cash generating units does not gets impaired. If it is not possible to estimate recoverable amount, then in such circumstances AASB 136 requires the arbitrary allocation of impairment losses to the assets or cash generating units excluding goodwill (AASB-136, 2007). After the above estimation, asset is impaired and the impairment loss is computed. The formula for Impairment loss = carrying amount less recoverable amount (AASB-136, 2007) Carrying amount means the net amount of assets or cash generating units after deduction of accumulated depreciation and accumulated impairment loss amount. According to Paragraph 59-64 of AASB 136, measurement and the recognition of impairment loss for individual assets is stated whereas under paragraph 65-108 of AASB 136, measurement and the recognition of impairment loss for the cash generating units or goodwill it is described (AASB-136, 2007). Paragraph 60 of AASB 136 Impairment loss must be recognised instantly in the statement of profit and loss account for non-revalued assets (AASB-136, 2007). After the recognition of impairment loss, the depreciation amount will be modified as per the revised carrying amount of assets. Cash Generating Units According to Paragraph 6 of AASB 136, Cash generating unit means group of assets that produces cash inflows which are not related to the cash inflows of other assets. Cash generating units must be regularly identified for the same assets unless otherwise specified. If after conducting test indication of impairment, recoverable amount shall be computed for the cash generating units only if recoverable amount of individual assets cannot be estimated. Recoverable amount for cash generating units shall be calculated same as per the calculation of individual assets. Paragraph 104 of AASB 136 describes the impairment loss for a cash generating units. As discussed above, impairment loss of cash generating units shall be recognised only when carrying amount of group of assets are more than recoverable amount of group of assets (AASB-136, 2007). For cash generating units, amount of impairment loss shall be apportioned in the following order to reduce the carrying amount: Firstly, reduce the goodwill carrying amount which was earlier allocated to the cash generating units, and Secondly, reduce the carrying amount of other assets in a group on the basis of pro-rata. Reversal of an impairment loss for a Cash generating units is described under Paragraph 122-123 of AASB 136. Reversal amount of impairment loss shall be apportioned in the same ratio of allocation of impairment loss (AASB-136, 2007). Disclosure requirements of this standard: This standard discloses following items: Amount of impairment loss Reversal of Amount of impairment losss References AASB 136. (2007). Impairment of assets. retrieved on 18 September 2017 from https://www.aasb.gov.au/admin/file/content105/c9/AASB136_07-04_COMPapr07_07-07.pdf.

International business paln Essay Example For Students

International business paln Essay Business Plan: Johnson Stepps Consulting Johnson Stepps Consulting will be formed as a consulting company specializing in the marketing of high technology products in international markets. The mission at Johnson Stepps Consulting will be to offer high-tech manufacturers a reliable, high quality alternative to in-house resources for business development, market development, and channel development on an international scale. A true alternative to in house resources offers a very high level of practical experience; know how, contacts, and confidentiality. Clients must know that working with Johnson Stepps Consulting is a more professional, less risky way to develop new areas even than working completely in house with their own people. Johnson Stepps Consulting must also be able to maintain financial balance, charging a high value for its services, and delivering an even higher value to its clients. Our initial focus will be development in the European and Latin American markets, or for European clients in the United States market. Excellence in fulfilling the promise completely confidential, reliable, trustworthy expertise and information. Developing visibility to generate new business leads. Leveraging from a single pool of expertise into multiple revenue generation opportunities: retainer consulting, project consulting, market research, and market research published reports. The total projected start up expenses (including legal costs, logo design, stationery and related expenses) come to $73,000. Start up assets required include $3,000 in short term assets (office furniture, etc. ) and $1,000,000 in initial cash to handle the first few months of consulting operations as sales and accounts receivable play through the cash flow. Johnson Stepps consulting is a new company providing high-level expertise in international high-tech business development, channel development, distribution strategies, and marketing of high tech products. It will focus initially on providing two kinds of international triangles: Providing United States clients with development for European and Latin American markets. Developing a market for our European and Latin American clients. As it grows it will take on people and consulting work in related markets, such as the rest of Latin America, and the Far East, and similar markets. As it grows it will look for additional leverage by taking brokerage positions and representation positions to create percentage holdings in product results. The corporation will be based in San Francisco, owned by its principal investors and principal operators. Some services we will provide are expertise in channel distribution, channel development, and market development, sold and packaged in various ways that allow clients to choose their preferred relationship: these include retainer consulting relationships, project based consulting, relationship and alliance brokering, sales representation and market representation, project-based market research, published market research, and information forum events. The company locations and facilities will be established in the Silicon area of California, the heart of the U.S. high tech industry. We will offer our customers the expertise a high-technology company needs to develop new product distribution and new market segments in new markets. This can be taken as high-level retainer consulting, market research reports, or project-based consulting. 1. Retainer consulting: We represent a client company as an extension of its business development and market development functions. This begins with complete understanding of the client companys situation, objectives, and constraints. We then represent the client company quietly and confidentially, sifting through new market developments and new opportunities as is appropriate to the client, representing the client in initial talks with possible allies, vendors, and channels. 2. Project consulting: Proposed and billed on a per-project and per-milestone basis, project consulting offers a client company a way to harness our specific qualities and use our expertise to solve specific problems, develop and/or implement plans, develop specific information. 3. Market research: Group studies available to selected clients at $5,000 per unit. A group study is packaged and published, a complete study of a specific market, channel, or topic. Examples might be studies of developing consumer channels in Japan or Mexico, or implications of changing margins in software. 1. .u29048b0d9f17120d7bcd2b0abc9dc5ab , .u29048b0d9f17120d7bcd2b0abc9dc5ab .postImageUrl , .u29048b0d9f17120d7bcd2b0abc9dc5ab .centered-text-area { min-height: 80px; position: relative; } .u29048b0d9f17120d7bcd2b0abc9dc5ab , .u29048b0d9f17120d7bcd2b0abc9dc5ab:hover , .u29048b0d9f17120d7bcd2b0abc9dc5ab:visited , .u29048b0d9f17120d7bcd2b0abc9dc5ab:active { border:0!important; } .u29048b0d9f17120d7bcd2b0abc9dc5ab .clearfix:after { content: ""; display: table; clear: both; } .u29048b0d9f17120d7bcd2b0abc9dc5ab { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u29048b0d9f17120d7bcd2b0abc9dc5ab:active , .u29048b0d9f17120d7bcd2b0abc9dc5ab:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u29048b0d9f17120d7bcd2b0abc9dc5ab .centered-text-area { width: 100%; position: relative ; } .u29048b0d9f17120d7bcd2b0abc9dc5ab .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u29048b0d9f17120d7bcd2b0abc9dc5ab .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u29048b0d9f17120d7bcd2b0abc9dc5ab .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u29048b0d9f17120d7bcd2b0abc9dc5ab:hover .ctaButton { background-color: #34495E!important; } .u29048b0d9f17120d7bcd2b0abc9dc5ab .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u29048b0d9f17120d7bcd2b0abc9dc5ab .u29048b0d9f17120d7bcd2b0abc9dc5ab-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u29048b0d9f17120d7bcd2b0abc9dc5ab:after { content: ""; display: block; clear: both; } READ: Resolved: That colleges and universities have a mo Essay The most significant competition is no consulting at all, companies choosing to do business development and channel development and market research in-house. Their own managers do this on their own, as part of their regular business functions. Our key advantage in competition with in-house development .

A Free Scholarship Essay Sample For Your Scholarship Essay

A Free Scholarship Essay Sample For Your Scholarship EssayIf you're a high school student or just a teenager looking for some extra money to help with college expenses, you'll probably want to see if you can take a look at the writing samples of the students who were awarded the My Inspiration Scholarship. Most scholarships are awarded on the basis of merit, but sometimes you have to write a short essay about why you should be awarded the scholarship. This is not as difficult as it sounds, and there are plenty of scholarships to choose from.You need to make sure that you are careful when looking for the scholarship essay sample. There are a number of different places where you can find samples, but the better ones tend to come from schools like the prestigious Dillard University. The reason that this school is so good at supplying scholarships is that they encourage their students to do just that, write an essay about why they should be able to get the scholarship.It is really import ant to be careful when reviewing the essay, and you can read a lot about how to write a scholarship essay online. A lot of these tips are free, but some are more involved than others. You will want to decide which of the tips are most appropriate for your needs before you begin your research.One thing that you will want to remember is that a good scholarship essay is not necessarily lengthy. There are some instances where you may be required to submit several short papers in order to qualify for the scholarship. Remember that you have deadlines, and you don't want to procrastinate.Some people feel that they can write an essay just fine on their own. They may believe that they can write an essay and just use the reference provided by the scholarship. This is never the best idea, because if you go the route of writing the essay yourself, you might get a chance to earn an award without being able to show how you came up with the ideas. The best way to approach a scholarship essay is to write your own essay, as well as to check out the resources available for writing your essay. This will give you a lot of leverage, because it gives you a chance to differentiate yourself from other candidates. If you see something that you think is particularly good, you should be sure to discuss it with the application writer who wrote the essay.By using the resources available to you, you'll be able to complete your own scholarship by completing a free scholarship essay. It's much easier to know that you've done your research when you actually start working on the project. The process is also very quick, as long as you write well.If you want to write a scholarship essay, there are plenty of resources available online that will help you with the homework. A lot of these resources are free, but there are some that cost you money. The goal is to come up with a quality essay, and if you take the time to prepare well, you'll be able to really shine in the competition.

The Patriot Movie Plot Summary Essay Example For Students

The Patriot Movie: Plot Summary Essay The movie The Patriot takes place in South Carolina in 1776. Benjamin Martin, a French, Indian war hero who is haunted by his past, is a patriot who wants no part in a war with Britian. Meanwhile, his two eldest sons, Gabriel and Thomas, cant wait to go out and kill some Redcoats. When South Carolina decides to go to war with Britain, Gabriel immediately signs up to fight without his fathers permission. But soon, Colonel Tavington, British solder infamous for his brutal tactiks, captures Gabriel and sentences him to be hanged. As Gabriel is taken away, Thomas tries to free him, only to be killed by Tavington, in front of Benjamin. Now, seeking revenge for his sons death, Benjamin leaves behind his 5 other children to bring independence to the 13 colonies. After proving himself on the field of battle in the French and Indian War, Benjamin Martin wants nothing more to do with such things, preferring the simple life of a farmer. We will write a custom essay on The Patriot Movie: Plot Summary specifically for you for only $16.38 $13.9/page Order now But when his son Gabriel enlists in the army to defend their new nation, America, against the British, Benjamin reluctantly returns to his old life to protect his son, now serving under his command, and his family from British tyranny Ashamed of his savagery during the French and Indian War, Benjamin Martin decided he would sit out the American Revolution, while his oldest son Gabriel enlisted minutes after South Carolina joined the fight. He changes his mind when his house is burned down and one of his children is killed by the savage Green Dragoon commander Colonel Tavington. Quickly realizing that traditional 18th century warfare tactics wont work, Martin organizes militiamen into a guerilla unit to harass Cornwallis army long enough to allow the French to arrive. Benjamin Martin is a South Carolina planter who is still haunted by his notoriously brutal past as a soldier in the French and Indian War. When the American Revolution comes, he chooses not to fight for the Continental Army because he wants to protect his

Celebrating Dr. Seusss Birthday with Your Classroom

Celebrating Dr. Seusss Birthday with Your Classroom On March 2nd, schools across the United States observe the birthday of one of the most beloved childrens authors of our time, Dr. Seuss. Children celebrate and honor his birthday by participating in fun activities, playing games, and reading his much-adored books. Here are a few activities and ideas to help you celebrate this best-selling authors birthday with your students. Create a Pen Name The world knows him as Dr. Seuss, but what people may not know is that was only his pseudonym, or pen name. His birth name was Theodor Seuss Geisel. He also used the pen names Theo LeSieg (his last name Geisel spelled backward) and Rosetta Stone. He used these names because he was forced to resign from his post as editor-in-chief of his colleges humor magazine, and the only way he could continue writing for it was by using a pen name. ​​ For this activity, have your students come up with their own pen names. Remind students that a pen name is a false name that authors use so people will not find out their real identities. Then, have students write Dr. Seuss-inspired short stories and sign their works with their pen names. Hang the stories in your classroom and encourage the students to try and guess who wrote which story. Oh! The Places You'll Go! Oh! The Places Youll Go! is a delightful and imaginative story from Dr. Seuss that focuses on the many places you will journey to as your life unfolds. A fun activity for students of all ages is to plan out what they will do in their lives. Write the following story starters on the board, and encourage students to write a few sentences after each writing prompt. By the end of this month, I hope to...By the end of the school year, I hope to...When I am 18 I hope to...When I am 40 I hope to...When I am 80 I hope to...My goal in life is to... For younger students, you can tailor the questions and have them focus on small goals like doing better in school and getting onto a sports team. Older students can write about their life goals and what they would like to accomplish in the future. Using Math for "One Fish, Two Fish" One Fish, Two Fish, Red Fish, Blue Fish is a Dr. Seuss classic. It is also a great book to use to incorporate math. You can use Goldfish  crackers to teach younger students how to make and use a graph. For older students, you can have them create their own word problems using the imaginative rhymes of the story. Examples might include, How much could a Yink drink in 5 minutes if he had 2 eight-ounce glasses of water? or How much would 10 Zeds cost? Host a Dr. Seuss Party Whats the best way to celebrate a birthday? With a party, of course! Here are a few creative ideas to help you incorporate Dr. Seuss characters and rhymes into your party: Hang kites from the classroom ceiling (Great Day for Up!)Have students wear non-matching or silly socks to the party (Fox in Sox)Place red and blue Goldfish crackers on the party tables and have students go fishing for fake fish (One Fish, Two Fish, Red Fish, Blue Fish)Decorate the classroom with stars (Sneetches)Add green food dye to eggs and serve Green Eggs and Ham

Legal and Ethical Considerations Research Paper Example | Topics and Well Written Essays - 750 words

Legal and Ethical Considerations - Research Paper Example The document is significant because both the contractor and the client  are protected  in terms of legal and ethical issues. Contracts  provide  terms and conditions that are either verbal or written (Susan and Katherine, 2000). In this context, we  review  how conflicts arise due to disagreements between the client and the contractor whereby part of the  crucial  details  has been omitted  in the contract documents and; therefore, this eventually affects the  progress  of the intended project. In the project, that  is intended  to help the community and the hospital by the provision of water supply whereby a water reservoir is to built, the contractor and the management team of the BAMC disagree on the ongoing  project  of  reservoir  construction. The disagreement occurred because the location of the reservoir  is situated  on  hard  granite rocks that require  expertise  and heavy machinery to blast the rocks before construction  i s commenced. ... Some of the mutual solutions that the contractor and the management team decided include the relocation of the reservoir site. The  reservoir  is supposed  to help the community and the hospital; therefore, the location should be at a central location. On the other side, if the  entire  location  is composed  of the hard rocks, then the  management  personnel of BAMC should reconsider the  compensation  of the contractors because the rocky  place  will require heavy  machinery  for blasting the rocks and this may be quite  costly  to the contractors. For a  consensus  to be achieved, both parties need to  comply  to the need of the other so that no  party  feels oppressed. A matter of  vast  concern  to contractors is how they can  make  stability  between quality and  security  against expenditure. Contractors  want  to  plan  a product that is of high quality but the  business  administrators  want  to  maintain  a low cost in the expense of quality product. At the end of this, various issues, which include business, official, and ethical issues, arise (Creswell, 2002). The  business  matters evolve around what organizations must do in order to  compete  in the business sector. The officially authorized and  moral  issues centers around what the organization should do. The contractor has a legal  responsibility  to  grant  safe  services and products. However, the contractor is legally responsible only for contractual  indemnity  and not for any additional destruction that the client may incur.  Although if the contractor commits fraud  deliberately, then he or she may be criminally  accountable  for the fraud committed. There are  various  challenges that are facing

Current Recession Essay Example | Topics and Well Written Essays - 1500 words

Current Recession - Essay Example Most of the countries depend on the resources and facilities from other neighboring countries. But this downfall has stopped exchange among the continents. Recession has created an impact on the banking sector, financial institutions and other credit related industries. Recession has occurred in the past also, but was not so severe like the present recession. The financial crisis started in America and then prevailed to the other countries. This in turn affected the development in all the countries. Though the previous recessions has incurred loss and lead to unemployment, this time it has been more than the previous recession. There is a dramatic increase in the unemployment rate and this has lead to the increase in debts. Financial stability has gone down which left many companies at a sad state. Financial policies should suit the current recession and must help in improving the financial crisis. Government has taken measures to improve the financial situation.(Nigam 2009). As the financial industries were the worst hit by recession, the companies which were depending on those financial services went down immediately. Economic depression has been prevailing from the downfall and it is still in the improvement state. Although most of the financial concerns tried to overcome the During this recession, many new policies and strategies were introduced by the government to improve the situation of the industries as well as the economy. Established concerns and the ones with a better financial background only survive the recession. Other small and financially not so strong companies had to wind up their business.(Burgan 2002). As they could not bear the recession and its effects, many people were pushed out of their job. Out of the various policies, only some could help in improving the current situation. One among them is Keynesian policy, which mainly concentrated on the economic status. Keynes introduced a system which had a simple and basic strategy.