Evaluate the flexibility management has available in the determination of asset impairments
With reference to Myer outline what evidence is there that impairment testing of assets is necessary;
b) With reference to Myer outline the processes required to be addressed in determining any asset
impairments that might be necessary
c) With reference to Myer outline the information needed in determining asset impairments
d) Evaluate the flexibility management has available in the determination of asset impairments .
Your assignment must be set out as a report with the four sections (a) (b) (c) (d) clearly shown. You must link
your discussion to relevant accountings standards, including references to specific paragraphs. You must carry
out independent research to complete this assignment and you must cite relevant academic (where relevant)
and practitioner articles that support the material and views you present. Use Harvard style referencing.
Your report must be typed using 12 point font, 1.5 line spacing and 2.5 cm margins on all sides, with a
maximum length of 1300 words (excluding references, executive summary and appendices). You do not need
an introduction or conclusion. State the word count at the beginning of the assignment. Refer to the UTS
Business School Guide to Writing Assignments (link below) on recommendations and suggestions on how to
structure your report. All material (excluding executive summary, references and appendices) over 1300 words
will be disregarded.
A soft copy of your report is due to turnitin on Tuesday 29 August 2017 and a hard copy is to be handed in
during your enrolled tutorial class. Assignments submitted (soft and hard copies) after the due date may
attract a penalty of 10% per day. Save your word document using your student number as the file name (don’t
forget to include your name and student number in the header of your word document!).
Parts (a), (b), (c) and (d) are each worth 10 marks. In addition, presentation and communication are worth 10
marks combined. This gives a total mark of 50 for the report, which will be converted into a mark out of 20.
Your report should address each of the parts equally. Attached is the marking scheme that will be used in
marking your report. This report is worth 20% of your total subject marks.
Bond, D., Govendir, B. & Wells, P. 2016, ‘An evaluation of asset impairments by Australian firms and whether
they were impacted by AASB 136’, Accounting and Finance, vol. 56, no. 1, pp. 259‐288
Accounting Standards & Regulations – 22420 – Spring 2017