Impairment of assets - Study guides, Study notes & Summaries

This is an informative document providing key points to research in order to complete your ICB RTAP submission for IAS36 Impairment of Assets topic.

FAC1601 Assignment 2 Semester 1 2023/2024 Update FAC1601 Assignment 2 Semester 1 2023/2024 Update Question 1 Which of the following statements is correct: 1. When revaluing an asset or liability in terms of a change in ownership structure, the current account is used. The current account is then closed off to the accounts of theexisting partners according to their existing profit-sharing ratio. 2. The selling price of a partnership is determined by the cost price of the partnership. ...

MAC3702 Mock Exam (October/November) 2023 100% TRUSTED workings, explanations and solutions. For assistance call or us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 . QUESTION 1 (25 marks; 30 minutes) MusclePharm Ltd (MusclePharm) was founded in 2005 to develop the most scientifically advanced, clinically aligned and safest range of dietary supplementation possible. MusclePharm is currently financed by a debt to equity ratio of 20 : 80. Management of MusclePharm is considering investing in ...

FAC3702 EXAM PACK 2023 LATEST QUESTIONS WITH ANSWERS. SOLUTION 1: NON – CURRENT ASSETS HELD FOR SALE & DISCONTINUED OPERATIONS; PROPERTY, PLANT & EQUIPMENT & IMPAIRMENT OF ASSETS (a) According to IFRS 5.18 the carrying amount of a non-current asset (or all the assets and liabilities in a disposal group) shall, immediately before the initial classification as held for sale, be measured in accordance with the applicable IFRSs. An entity shall measure a non-current asset (or disposal grou...

FAC1601 Assignment 2 Semester 1 2023 () 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on +25479 811 9845 . Which of the following statements is correct: 1. W hen revaluing an asset or liability in terms of a change in ownership structure, the current account is used. The current account is then closed off to the accounts of theexisting partners according to their existing profit-sharing ratio. 2. The selling price of a partnership is determined by the cos...

Introduction and overview of the module ......................................................... ii LEARNING UNIT 1 Introduction to the preparation of financial statements .......................... 1 LEARNING UNIT 2 Financial statements of a sole proprietorship ........................................ 24 LEARNING UNIT 3 Establishment and financial statements of a partnership ...................... 46 LEARNING UNIT 4 Changes in the ownership structure of partnerships ..............

A summary of the important definitions in IAS 36, the impairment test and indicator review, recoverable amount and disclosure. Includes an example with journal entries of different scenarios that can occur when an asset is impaired.

Summaries of 1. IAS 32 and IFRS 9 (Financial instruments) 2. IFRS 5 Non-current assets held for sale 3. IFRS 13 Fair value measurement 4 . IAS 36 Impairment loss 5. IAS 38 Intangible assets 6. Conceptual framework 7. IFRS 15 Revenue with contracts 8. IFRS 16 Leases 9. Foreign transactions 10. IAS 19 Employee benefits 11. IAS 28 Equity method of accounting 12. IAS 16 Property plant and equipment 13. IFRS 3Business combination Used to do calculations and answer discussion quest...

This document contains a short, efficient summary of the IAS36 standard as well as class examples dealt with.

MAC3761 EXAM PACK 2022. Chris Bara Hospitals Limited (“Chris Bara” or “the Group”) is the largest provider of private healthcare both in South Africa and in the United Kingdom (UK). Chris Bara was founded in 1983 in Soweto and has since grown to be the largest hospital group listed on the Johannesburg Stock Exchange (JSE). Chris Bara currently operates a total of 128 health facilities and is in the process of acquiring a Kimberley-based private hospital (Life eKaroo). This acquisitio...