Assignment question Student #150016 Step 1:Select your student number from the drop down list Step 2:Find your following assignment question and follow the directions . Important: The file should...

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Assignment question Student #150016Step 1:Select your student number from the drop down list Step 2:Find your following assignment question and follow the directions . Important: The file should be opened in ExcelStep 3:Prepare your assignment including Part A and part B in Microsoft Word. Step 4:Upload your assignment in Turnitin before the due date. This assignment has 2 parts, 2000 +/- 10% words in total. Submission should be on Turnitin, ONE WORD format File. The assignment must be typed, use Arial font, 12, to avoid plagiarism, make sure you do proper referencing, at least use 6 references, to be submitted the soft copy in Turnitin and hard copy in lecture Week 11. Please ensure you attach a KOI assignment cover sheet, with ID numbers and signed. Late assignments will be penalised,by deduction of mark per day. Part A: a short essay about the following: Reversal of an impairment loss for Goodwill Part B:Provide all calculations and related journal entries for the following case: Gali Ltd has determined that its fine china division is a CGU. The carrying amounts of the assets at 30 June 2015 are as follows: AccountCarrying Amount Land$62,700 Copyright$14,000 Machinery $9,000 Inventory$4,000 Goodwill$3,000 Total CA$92,700 Gali Ltd calculated the value in use of the division to be:$83,700 If the fair value less costs of disposal of theLand is:$60,505 Required Prepare the journal entry(ies) for any impairment loss occurring at 30 June 2015 including supporting calculations. 6 17 49 5 57 99 84 17 Instruction Student #150016Step 1:Enter your student number Step 2:Have a look to Customer Database sheet 92Step 3:Read Yellow Cells Directions for Red sheets 38Step 4:Complete and calculate the pink cells 84 37 66 27 17 49 66 17 5 12 71 5 3 27 99 3 99 49 12 12 49 84 6 71 92 99 27 6 38 27 38 92 3 84 5 5 57 3 66 5 71 38 66 57 6 5 71 57 12 5 6 17 49 5 57 99 84 17 Customers database 614713.5 impairment lossnew CA First nameSurnameID numberTheory partAsset 1Asset 2Asset 3Asset 4Asset 5Asset 1Asset 2Asset 3Asset 4Asset 5Total CARAImpairmentImpairmentless goodwillAsset 1Asset 2Asset 3Asset 4Asset 5Asset 1Asset 2Asset 3Asset 4Asset 5 Julien CarlaVALLE130592How to calculate Recoverable amount, Value in use, Fair value less cost of disposalFactoryPatentBuildingInventoryGoodwill6387001470009300040000330009517008527009900066000479731104169850330009899959072713595986015400000852701638200146500925003950032500 Kim PhanLE140210Impairment loss for Cash generating units excluding GoodwillplantBrandFittingsInventoryGoodwill2567005900037000160001300038170034270039000260001892343492728013000390002377775465134272160000342700256200 .Gurpreet Singh150016Reversal of an impairment loss for GoodwillLandCopyrightMachinery InventoryGoodwill6270014000900040003000927008370090006000439098063003000900058310130208370400008370062200 Ngoc My TramCAI150233Explain the main objectives of AASB 13EquipmentFranchiseFurnitureInventoryGoodwill2797006400040000170001400041470037270042000280002041146702919014000420002592895933037081170000372700279200 JaskaranBHAMRA150277Impairment loss for Cash generating units including GoodwillFactoryTrademarkVehicleInventoryGoodwill3237007400047000200001700048170043070051000340002474956583593017000510002989516834243407200000430700323200 Willard Kenneth DukaSILVERIO151324Accounting for finance leases by lesseesplantPatentBuildingInventoryGoodwill3707008500054000230001900055170049470057000380002763763374026019000570003430637866349974230000494700370200 Jan PaoloMascarina151488Disclosures for finance leasesLandBrandFittingsInventoryGoodwill534700123000770003300027000794700713700810005400039300904056590270008099949540011396071341330000713701534200 Audris Joyce LectorBawalan151676Accounting for finance leases by manufacturer or dealer lessorsEquipmentCopyrightMachinery InventoryGoodwill72270016600010500045000370001075700964700111000740005381912362781903700011100066888115363897181450000964700722200 John SimpaJATTO151682Describe the shareholder’s equity of a sole proprietor, partnership and companyFactoryFranchiseFurnitureInventoryGoodwill72870016800010600046000380001086700972700114000760005523212734803403800011400067346815526697966460000972700728200 .ANAND SINGH161069Explain the nature of reserves and account for movements in reserves, including dividendsplantTrademarkVehicleInventoryGoodwill11570027000170007000600017270015470018000120008694202912770600018000107006249711572370000154700115200 Jatin ManoharCHELLANI161324Accounts for Share buy-backsLandPatentBuildingInventoryGoodwill3707008500054000230001900055170049470057000380002763763374026019000570003430637866349974230000494700370200 Paula AgustinMONFIERO161385Explain the accounting standard on fair value measurementEquipmentBrandFittingsInventoryGoodwill4317009900062000270002200064170057570066000440003204873494603022000660003996529165157397270000575700431200 Nikolet MomchilovaSTEFANOVA161398How to calculate Recoverable amount, Value in use, Fair value less cost of disposalFactoryCopyrightMachinery InventoryGoodwill44470010200064000280002300066170059270069000460003349676834821023000690004112049431759179280000592700444200 NamanKAPILA161545Impairment loss for Cash generating units excluding GoodwillplantFranchiseFurnitureInventoryGoodwill5917001360008600037000310008817007887009300062000450851036365530310009300154661512563779447370000788699591200 Ngoc ThuyNGUYEN161641Reversal of an impairment loss for GoodwillLandTrademarkVehicleInventoryGoodwill68770015800010000043000360001024700916700108000720005235712029761303600010799963534314597192387430000916701687200 KabirSINGH161643Explain the main objectives of AASB 13EquipmentPatentBuildingInventoryGoodwill68970015900010000043000360001027700919700108000720005234412067758903600010800063735614693392411430000919700689200 VanessaSANTANA FORESELER DE PAULA161695Impairment loss for Cash generating units including GoodwillFactoryBrandFittingsInventoryGoodwill74170017100010800046000380001104700990700114000760005522612732804203800011400068647415826899958460000990700741200 Roberta MicheleCECCONELLO AMANTINO170014Accounting for finance leases by lesseesplantCopyrightMachinery InventoryGoodwill60700140009000400030009070081700900060004351100464503000900056349129968355400008170060200 Nhat HoangLE170044Disclosures for finance leasesLandFranchiseFurnitureInventoryGoodwill90700210001300060005000135700120700150001000072731684104305000150008342719316119576000012070090200 Chirry AnnBAZAR170050Accounting for finance leases by manufacturer or dealer lessorsEquipmentTrademarkVehicleInventoryGoodwill96700220001400060005000143700128700150001000072871658105505000150008941320342129456000012870096200 ManojBUDHATHOKI170053Describe the shareholder’s equity of a sole proprietor, partnership and companyFactoryPatentBuildingInventoryGoodwill99700230001400060005000147700132700150001000072931683102405000150009240721317129766000013270099200 JesslynvalentinaONGA170061Explain the nature of reserves and account for movements in reserves, including dividendsplantBrandFittingsInventoryGoodwill1077002500016000700060001617001437001800012000869120171291060001799999009229831470970000143701107200 SagarARORA170120Accounts for Share buy-backsLandCopyrightMachinery InventoryGoodwill16670038000240001000080002467002227002400016000116622659167908000240001550383534122321100000222700166200 Thi ChinhLE170131Explain the accounting standard on fair value measurementEquipmentFranchiseFurnitureInventoryGoodwill17770041000260001100090002647002377002700018000130723016191309000270011646283798424087110000237699177200 ShivamMARWAHA170139How to calculate Recoverable amount, Value in use, Fair value less cost of disposalFactoryTrademarkVehicleInventoryGoodwill1857004300027000120001000027770024770030000200001452533632112010000300001711753963724888120000247700185200 Manh ChinhDOAN170161Impairment loss for Cash generating units excluding GoodwillplantPatentBuildingInventoryGoodwill2077004800030000130001100030970027670033000220001599436962310011000330001917064430427690130000276700207200 Syed Muhammad HunainZAIDI170214Reversal of an impairment loss for GoodwillLandBrandFittingsInventoryGoodwill2607006000038000160001300038770034870039000260001889743492754013000390002418035565135246160000348700260200 MuhammadZAHID170227Explain the main objectives of AASB 13EquipmentCopyrightMachinery InventoryGoodwill2737006300040000170001400040770036570042000280002034446832973014000420002533565831737027170000365700273200 Ashish SinghRIMAL170292Impairment loss for Cash generating units including GoodwillFactoryFranchiseFurnitureInventoryGoodwill3387007800049000210001700050370045270051000340002472856953577017000510003139727230545423210000452700338200 MandeepKAUR170368Accounting for finance leases by lesseesplantTrademarkVehicleInventoryGoodwill4147009500060000260002200061770055170066000440003202973374634022000660003826718766355366260000551700414200 MunaTHAPA170383Disclosures for finance leasesLandPatentBuildingInventoryGoodwill4297009900062000270002200063970057370066000440003200773744618022000659993976939162657382270000573701429200 MuhammadAFTAB170446Accounting for finance leases by manufacturer or dealer lessorsEquipmentBrandFittingsInventoryGoodwill492700113000710003100026000733700655700780005200037861868354560260007800045483910431765544310000655700492200 SwastikaNEUPANE170460Describe the shareholder’s equity of a sole proprietor, partnership and companyFactoryCopyrightMachinery InventoryGoodwill506700117000740003200027000756700675700810005400039217905557270270008099946748310794568273320000675701506200 MyrnaBELLUDO170464Explain the nature of reserves and account for movements in reserves, including dividendsplantFranchiseFurnitureInventoryGoodwill510700117000740003200027000760700679700810005400039301900456950270008100047139910799668305320000679700510200 ManjuGURUNG170469Accounts for Share buy-backsLandTrademarkVehicleInventoryGoodwill515700119000750003200027000768700687700810005400039239905557070270008100147646110994569293320000687699515200 SmritiSAPKOTA170470Explain the accounting standard on fair value measurementEquipmentPatentBuildingInventoryGoodwill516700119000750003200027000769700688700810005400039260904256990270008100147744010995869301320000688699516200 BijitaKHADKA170471How to calculate Recoverable amount, Value in use, Fair value less cost of disposalFactoryBrandFittingsInventoryGoodwill517700119000750003200027000770700689700810005400039280902956910270008100047842010997169309320000689700517200 DevanshMALHOTRA170473Impairment loss for Cash generating units excluding GoodwillplantCopyrightMachinery InventoryGoodwill519700120000760003300027000775700694700810005400039212905457340270008100048048811094670266330000694700519200 JeevanNIURE170482Reversal of an impairment loss for GoodwillLandFranchiseFurnitureInventoryGoodwill528700122000770003300027000787700706700810005400039233905357140270008100048946711294771286330000706700528200 ArjunSAPKOTA170489Explain the main objectives of AASB 13EquipmentTrademarkVehicleInventoryGoodwill535700123000770003300027000795700714700810005400039320902856520270008100049638011397271348330000714700535200 SakshamDHAKAL170491Impairment loss for Cash generating units including GoodwillFactoryPatentBuildingInventoryGoodwill537700124000780003400028000801700717700840005600040707938859050280008400049699311461272095340000717700537200 Ernalyn GopezMANALANG170494Accounting for finance leases by lesseesplantBrandFittingsInventoryGoodwill540700124000780003400028000804700720700840005600040769935058810280008400049993111465072119340000720700540200 SubodhSUBEDI170512Disclosures for finance leasesLandCopyrightMachinery InventoryGoodwill558700129000810003500029000832700745700870005800042155973361120290008700051654511926774888350000745700558200 ChahatSINGH170532Accounting for finance leases by manufacturer or dealer lessorsEquipmentFranchiseFurnitureInventoryGoodwill5787001330008400036000300008617007717009000060000436371002963340300009000053506312297177666360000771700578200 Parth PiyushbhaiPANDYA170542Describe the shareholder’s equity of a sole proprietor, partnership and companyFactoryTrademarkVehicleInventoryGoodwill5887001350008500037000310008767007837009300062000451331035065170310009300054356712465078483370000783700588200 SakshamBANSAL170560Explain the nature of reserves and account for movements in reserves, including dividendsplantPatentBuildingInventoryGoodwill6067001400008800038000320009047008087009600064000465181073467470320009599956018212926681253380000808701606200 ShafiqulISLAM170596Accounts for Share buy-backsLandBrandFittingsInventoryGoodwill6427001480009300040000330009567008577009900066000480011105469460330009900159469913694686054400000857699642200 Silvia CoromotoGUDINO RODRIGUEZ170603Explain the accounting standard on fair value measurementEquipmentCopyrightMachinery InventoryGoodwill6497001490009400040000330009657008667009900066000480341101669500330009900060166613798487050400000866700649200 Thuy Thuy TrangHOANG170606How to calculate Recoverable amount, Value in use, Fair value less cost of disposalFactoryFranchiseFurnitureInventoryGoodwill652700150000950004100034000972700870700102000680004944111362719603400010199960325913863887804410000870701652200 Hai LongVU170621Impairment loss for Cash generating units excluding GoodwillplantTrademarkVehicleInventoryGoodwill667700154000970004200035000995700890700105000700005087511734739103500010500061682514226689609420000890700667200 .TEJINDER SINGH170673Reversal of an impairment loss for GoodwillLandPatentBuildingInventoryGoodwill71970016600010500045000370001072700961700111000740005375812399784303700011100066594215360197157450000961700719200 FelipeWAEHNELDT ARTMANN170734Explain the main objectives of AASB 13EquipmentBrandFittingsInventoryGoodwill78070018000011300049000410001163700104070012300082000596231374786300410001230007210771662531043704900001040700780200 NicoleHUKALOVA170739Impairment loss for Cash generating units including GoodwillFactoryCopyrightMachinery InventoryGoodwill78570018100011400049000410001170700104770012300082000596161373486500410001230007260841672661053504900001047700785200 MomokoSHIMIZU170750Accounting for finance leases by lesseesplantFranchiseFurnitureInventoryGoodwill79670018300011500049000410001184700106170012300082000596781370886140410001230007370221692921063864900001061700796200 Shwetaben GhanshyamGOHEL170832Disclosures for finance leasesLandTrademarkVehicleInventoryGoodwill87870020200012700055000460001308700117070013800092000669371538896750460001380008117631866121173255500001170700878200 CindyNGOEN170845Accounting for finance leases by manufacturer or dealer lessorsEquipmentPatentBuildingInventoryGoodwill89170020500012900055000460001326700118870013800092000669301538796830460001380008247701896131193175500001188700891200 YenaLEE170846Describe the shareholder’s equity of a sole proprietor, partnership and companyFactoryBrandFittingsInventoryGoodwill89270020500012900055000460001327700118970013800092000669511537596750460001380018257491896251193255500001189699892200 DaniyalSHABBIR170877Explain the nature of reserves and account for movements in reserves, including dividendsplantCopyrightMachinery InventoryGoodwill923700212000134000580004800013757001231700144000960006983916029101320480001440008538611959711238685800001231700923200 SafanTALPUR170911Accounts for Share buy-backsLandFranchiseFurnitureInventoryGoodwill9577002200001390006000050000142670012767001500001000007273516708105570500001500008849652032921284436000001276700957200 NehaNEHA170971Explain the accounting standard on fair value measurementEquipmentTrademarkVehicleInventoryGoodwill101770023400014700063000520001513700135770015600010400075671173991093005200015600094202921660113607063000013577001017200 Shehana DinishiTHANNIPPULI GAMAGE171038How to calculate Recoverable amount, Value in use, Fair value less cost of disposalFactoryPatentBuildingInventoryGoodwill847001900012000500040001247001127001200080005857131483004000120017884317686111705000011269984200 WaheedASHRAF180065Impairment loss for Cash generating units excluding GoodwillplantBrandFittingsInventoryGoodwill11170026000160007000600016670014870018000120008721203012490600018000102979239701475170000148700111200 ArunANGRISH180218Reversal of an impairment loss for GoodwillLandCopyrightMachinery InventoryGoodwill2647006100038000160001300039270035370039000260001892343612717013000390012457775663935283160000353699264200 .AMIT KUMAR180251Explain the main objectives of AASB 13EquipmentFranchiseFurnitureInventoryGoodwill2977006800043000180001500044170039670045000300002185249913156015000449992758486300939844180000396701297200 .ALPIN180284Impairment loss for Cash generating units including GoodwillFactoryTrademarkVehicleInventoryGoodwill3307007600048000210001700049270044170051000340002472856833589017000510003059727031744411210000441700330200 170930Accounting for finance leases by lesseesplantPatentBuildingInventoryGoodwill9767002250001420006100051000145570013027001530001020007414117080107790510001530009025592079201312216100001302700976200 Disclosures for finance leasesLandBrandFittingsInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Accounting for finance leases by manufacturer or dealer lessorsEquipmentCopyrightMachinery InventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Describe the shareholder’s equity of a sole proprietor, partnership and companyFactoryFranchiseFurnitureInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Explain the nature of reserves and account for movements in reserves, including dividendsplantTrademarkVehicleInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Accounts for Share buy-backsLandPatentBuildingInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Explain the accounting standard on fair value measurementEquipmentBrandFittingsInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! How to calculate Recoverable amount, Value in use, Fair value less cost of disposalFactoryCopyrightMachinery InventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Impairment loss for Cash generating units excluding GoodwillplantFranchiseFurnitureInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Reversal of an impairment loss for GoodwillLandTrademarkVehicleInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Explain the main objectives of AASB 13EquipmentPatentBuildingInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Impairment loss for Cash generating units including GoodwillFactoryBrandFittingsInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Accounting for finance leases by lesseesplantCopyrightMachinery InventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Disclosures for finance leasesLandFranchiseFurnitureInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Accounting for finance leases by manufacturer or dealer lessorsEquipmentTrademarkVehicleInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Describe the shareholder’s equity of a sole proprietor, partnership and companyFactoryPatentBuildingInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Explain the nature of reserves and account for movements in reserves, including dividendsplantBrandFittingsInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Accounts for Share buy-backsLandCopyrightMachinery InventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Explain the accounting standard on fair value measurementEquipmentFranchiseFurnitureInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! How to calculate Recoverable amount, Value in use, Fair value less cost of disposalFactoryTrademarkVehicleInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Impairment loss for Cash generating units excluding GoodwillplantPatentBuildingInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Reversal of an impairment loss for GoodwillLandBrandFittingsInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Explain the main objectives of AASB 13EquipmentCopyrightMachinery InventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Impairment loss for Cash generating units including GoodwillFactoryFranchiseFurnitureInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Accounting for finance leases by lesseesplantTrademarkVehicleInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Disclosures for finance leasesLandPatentBuildingInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Accounting for finance leases by manufacturer or dealer lessorsEquipmentBrandFittingsInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Describe the shareholder’s equity of a sole proprietor, partnership and companyFactoryCopyrightMachinery InventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Explain the nature of reserves and account for movements in reserves, including dividendsplantFranchiseFurnitureInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Accounts for Share buy-backsLandTrademarkVehicleInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Explain the accounting standard on fair value measurementEquipmentPatentBuildingInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! How to calculate Recoverable amount, Value in use, Fair value less cost of disposalFactoryBrandFittingsInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Impairment loss for Cash generating units excluding GoodwillplantCopyrightMachinery InventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Reversal of an impairment loss for GoodwillLandFranchiseFurnitureInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Explain the main objectives of AASB 13EquipmentTrademarkVehicleInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Impairment loss for Cash generating units including GoodwillFactoryPatentBuildingInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Accounting for finance leases by lesseesplantBrandFittingsInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Disclosures for finance leasesLandCopyrightMachinery InventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Accounting for finance leases by manufacturer or dealer lessorsEquipmentFranchiseFurnitureInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Describe the shareholder’s equity of a sole proprietor, partnership and companyFactoryTrademarkVehicleInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Explain the nature of reserves and account for movements in reserves, including dividendsplantPatentBuildingInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Accounts for Share buy-backsLandBrandFittingsInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Explain the accounting standard on fair value measurementEquipmentCopyrightMachinery InventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! How to calculate Recoverable amount, Value in use, Fair value less cost of disposalFactoryFranchiseFurnitureInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Impairment loss for Cash generating units excluding GoodwillplantTrademarkVehicleInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Reversal of an impairment loss for GoodwillLandPatentBuildingInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Explain the main objectives of AASB 13EquipmentBrandFittingsInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Impairment loss for Cash generating units including GoodwillFactoryCopyrightMachinery InventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Accounting for finance leases by lesseesplantFranchiseFurnitureInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Disclosures for finance leasesLandTrademarkVehicleInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Accounting for finance leases by manufacturer or dealer lessorsEquipmentPatentBuildingInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Describe the shareholder’s equity of a sole proprietor, partnership and companyFactoryBrandFittingsInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Explain the nature of reserves and account for movements in reserves, including dividendsplantCopyrightMachinery InventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Accounts for Share buy-backsLandFranchiseFurnitureInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Explain the accounting standard on fair value measurementEquipmentTrademarkVehicleInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! How to calculate Recoverable amount, Value in use, Fair value less cost of disposalFactoryPatentBuildingInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Impairment loss for Cash generating units excluding GoodwillplantBrandFittingsInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Reversal of an impairment loss for GoodwillLandCopyrightMachinery InventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Explain the main objectives of AASB 13EquipmentFranchiseFurnitureInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Impairment loss for Cash generating units including GoodwillFactoryTrademarkVehicleInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Accounting for finance leases by lesseesplantPatentBuildingInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Disclosures for finance leasesLandBrandFittingsInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Accounting for finance leases by manufacturer or dealer lessorsEquipmentCopyrightMachinery InventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Describe the shareholder’s equity of a sole proprietor, partnership and companyFactoryFranchiseFurnitureInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Explain the nature of reserves and account for movements in reserves, including dividendsplantTrademarkVehicleInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Accounts for Share buy-backsLandPatentBuildingInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Explain the accounting standard on fair value measurementEquipmentBrandFittingsInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! How to calculate Recoverable amount, Value in use, Fair value less cost of disposalFactoryCopyrightMachinery InventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Impairment loss for Cash generating units excluding GoodwillplantFranchiseFurnitureInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Reversal of an impairment loss for GoodwillLandTrademarkVehicleInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Explain the main objectives of AASB 13EquipmentPatentBuildingInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Impairment loss for Cash generating units including GoodwillFactoryBrandFittingsInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Accounting for finance leases by lesseesplantCopyrightMachinery InventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Disclosures for finance leasesLandFranchiseFurnitureInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Accounting for finance leases by manufacturer or dealer lessorsEquipmentTrademarkVehicleInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Describe the shareholder’s equity of a sole proprietor, partnership and companyFactoryPatentBuildingInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Explain the nature of reserves and account for movements in reserves, including dividendsplantBrandFittingsInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Accounts for Share buy-backsLandCopyrightMachinery InventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Explain the accounting standard on fair value measurementEquipmentFranchiseFurnitureInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! How to calculate Recoverable amount, Value in use, Fair value less cost of disposalFactoryTrademarkVehicleInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Impairment loss for Cash generating units excluding GoodwillplantPatentBuildingInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Reversal of an impairment loss for GoodwillLandBrandFittingsInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Explain the main objectives of AASB 13EquipmentCopyrightMachinery InventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Impairment loss for Cash generating units including GoodwillFactoryFranchiseFurnitureInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Accounting for finance leases by lesseesplantTrademarkVehicleInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Disclosures for finance leasesLandPatentBuildingInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Accounting for finance leases by manufacturer or dealer lessorsEquipmentBrandFittingsInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Describe the shareholder’s equity of a sole proprietor, partnership and companyFactoryCopyrightMachinery InventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Explain the nature of reserves and account for movements in reserves, including dividendsplantFranchiseFurnitureInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Accounts for Share buy-backsLandTrademarkVehicleInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Explain the accounting standard on fair value measurementEquipmentPatentBuildingInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! How to calculate Recoverable amount, Value in use, Fair value less cost of disposalFactoryBrandFittingsInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Impairment loss for Cash generating units excluding GoodwillplantCopyrightMachinery InventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! Reversal of an impairment loss for GoodwillLandFranchiseFurnitureInventoryGoodwillERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!0ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE!ERROR:#VALUE! 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Answered Same DaySep 12, 2020

Answer To: Assignment question Student #150016 Step 1:Select your student number from the drop down list Step...

Soumi answered on Sep 22 2020
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ESSAY AND CASE ANALYSIS
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Table of Contents
Part 1: Essay on Reversal of an Impairment Loss for Goodwill    3
Introduction    3
Reversal of an Impairment Loss for Goodwill    3
Conclusion    6
Part 2: Analysing the Case of Gali Ltd    7
References    8
Part 1: Essay on Reversal of an Impairment Loss for Goodwill
Introduction
Goodwill is an intangible asset that arises when a company purchases another company. Goodwill is shown in the asset side of the balance sheet. In some companies, it forms a major part of the value of total assets. Due to this, disclosures regarding change in goodwill are vital for ensuring the true and fair view of the organisation. The provision of relevant International Financial Reporting Standards is required to be followed for computation of goodwill and its related disclosure. There are various methods for valuation of goodwill. The methods followed by the organisation depend on the management style, industry standards and various other factors. Reversal of loss on impairment of goodwill is not allowed as per the relevant provisions of the International Financial Reporting Standards.
Reversal of an Impairment Loss for Goodwill
Goodwill can be self-generated or purchased. When an entity company is acquired for a price that is higher than the net value of assets and liabilities, then the concept of goodwill comes into account. According to views of Chen et al. (2017), goodwill is the difference between amounts paid for the purchase of entity less the net value of assets. Any goodwill for which no amount has been paid should not be recorded in the books of account. Goodwill is recorded in the book of accounts under the head ‘long-term assets’. As per the provisions of International Financial Reporting Standards and Generally Accepted Accounting Principles, companies must assess the value of goodwill at least once a year. Impairment is an accounting principle that is used to reduce the value of an asset of a company permanently. The impairment loss on an asset is recognised in the profit and loss account, thereby ensuring a true and fair view of the financial statements of the entity.
When the actual value of goodwill is less than the book value, it is said to be impaired. The companies should evaluate goodwill once a year and record the impairment to ensure a true and fair vie of the financials of the entity. As per the opinion of Roberts (2015), commonly used methods for computing the impairment of an asset are market approach and income approach. The impairment value is charged to the income statement that reduces the net profits for the year. The concept of goodwill impairment was introduced in the year 200-2001. During those times, few companies inflated their balance sheet by showing goodwill at historical cost rather than fair value. This restricted the true and fair view of the financial statements of the entity. As per the provision of the relevant accounting standards, amortisation of goodwill is not allowed; it is impaired. Computation of impairment of goodwill depends on the method of valuation of goodwill at the end of a reporting period. The method used to compute goodwill affects both the value of goodwill to be shown in the balance sheet and the impairment to be shown in the income statement.
There are a number of methods to value goodwill of a company. The methods include year’s Purchase of Average Profit Method, Years ‘Purchase of Weighted Average Method, Capitalisation method, Annuity Method, Super Profit Method, Capitalisation of Super-Profit Method and Sliding Scale Valuation Method. Under the Years Purchase of Average Profits Method, the profits of past year are taken and average is computed. The number of years for which the company will enjoy the benefits of the goodwill is multiplied with the average profit. The value ascertained is said to be the value of goodwill. The computed value is computed with the book value and if there is any difference, the same is recognise as impairment loss on goodwill in the income statement. As per the views of Detzen et al. (2017), in the second method that is Years ‘Purchase of Weighted Average Method, weights are assigned to the profits of past few years....
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