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BUSN9118 Financial Accounting Issues

tag 0 Download 7 Pages / 1,592 Words tag 16-09-2021
  • Course Code: BUSN9118
  • University: Flinders University
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  • Country: Australia

Questions:

1. What is an impairment test?

2. Why is an impairment test considered necessary?

3. When should an entity conduct an impairment test?

4. What is meant by recoverable amount?

5. How is an impairment loss calculated in relation to a single asset accounted for?

6. What is a cash-generating unit?

7. Are there limits in adjusting assets within a cash-generating unit when impairment losses occur? 
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