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PACC6004 Financial Accounting

tag 0 Download 4 Pages / 964 Words tag 02-07-2021

Question:

AASB 116 Property, Plant and Equipment (PPE) require each class of PPE to be measured at either cost or revaluation model (fair value). You are required to write a report, using around.
1. Provide one example of companies listed on ASX that measure PPEs with both cost and fair value, and discuss why this company chooses to revalue some of its PPEs, while measures other PPEs with cost.
2. Under fair value model, consider and explain what are the factors that a company would consider when deciding whether to revalue its assets.Please support your answer by citing specific references such as newspaper articles, staff papers from AASB, articles from practitioner journals and scholarly journals.
 
Submission details:
1. Use a minimum font size of 12 point and minimum margin of 2.5 cm on the left and right hand side of the page. Staple the assignment in the top left hand corner.
2. Students are to take the maximum word limits that are detailed for each task as a guide only. The word limit excludes calculations, appendices, tables and charts.
3. Ensure that all sources of information are acknowledged in your bibliography.
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