Impairment of Assets is the sudden loss I the value of an asset over and above the systematic recognition of the loss of the asset’s value through depreciation. Once the asset is revalued then the higher of the recoverable amount or the carrying value is carried forward in the…
In this paper we look at impairment of assets from the view point of Transfield Services. The report starts with an introduction about Transfield Services and the business they are in. then it goes on to analyze the impairments done in 2009 wand 2007 and provides a brief explanation of the differences in the same. A detail analysis about the impairments done in the year ending 2009 has alson been provided alongwith the reasons for the sudden increase in the amount of impairment loss, a comment on the methods of impairment followed by Transfield Services and its sync with the AASB 136 standards. The report ends with a view on Impairment of Assets as a whole.
Transfield Services Limited provides various services to key industries in the Resources and Industrial, Infrastructure Services and Property and Facilities Management sectors. (Transfield Services (Australia) Pty Limited, 2008) It provides maintenance, and asset and project management services globally. (Transfield Services (Australia) Pty Limited, 2008)
Providing a range of structured business processes together with skilled management to help clients achieve maximum value from their existing assets. (Transfield Services (Australia) Pty Limited, 2008)
Undertaking of significant maintenance, shutdown, turnaround and engineering projects to optimize clients capital expenditure and achieve goals efficiently within budget. (Transfield Services (Australia) Pty Limited, 2008)
Providing information to clients regarding the best practices followed in the industry as well as outside it to instill a culture of continuous improvements in the client. (Transfield Services (Australia) Pty Limited, 2008)
Providing Operations Systems Manual (OSM) to monitor issues relating to health, safety, environment, quality and risk to effectively manage and control HSE risks within the workplace. (Transfield Services (Australia) Pty Limited, 2008)
Yes, Transfield Services did undertake ...
Cite this document
(“Corporate Accounting Essay Example | Topics and Well Written Essays - 2000 words”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/386238-corporate-accounting
(Corporate Accounting Essay Example | Topics and Well Written Essays - 2000 Words)
“Corporate Accounting Essay Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.net/miscellaneous/386238-corporate-accounting.
Because of this sensitivity, the accounting profession had adopted a professional code of ethics for all members. People however believe a lot of reformist agenda had been thwarted by the vested interests of pro-corporate public policy makers
There are many ways to measure performance of the company which include balance score card, bench marking, management by objectives and ratio analysis. In this paper we will use the ratio analyses in analyzing the financial statement of the three publishing company, and establishing the performance of the three companies.
The operations of public accountants are stipulated by state law and must meet the set codes. On the other hand, private accounting refers to the act of a salaried individual accountant being employed by a specific firm to handle its accounting functions (Warren 6).
The latter argument has proven wrong since 1970 onwards, and the real interest rates are not influenced by money. A conclusion that can be reached that 'exogenous part' of the money influence the interest rates on the basis of the assumption that the money responds to real variable, therefore the money supply has further overshadowed the liquidity effect on the interest rates.
Post-modern business discourse is focused on the economic and social consequences of corporate practices (Elliott and Elliott, 2006). Transparency, though, must also take into account the subjective nature of gathering, analyzing and presenting data as published accounting information.
Social responsibility costs are the costs to the business of e.g. equipment donated, sponsorship given, or charitable donations. The monetary quantification of social benefits is much harder to measure and necessarily subjective.
ugh which it carries out its business operations in the areas of blood-plasma derivatives, anti-venom, vaccines and cell culture used in research of genetic field of medicine (CSL Global, 2014, p.1). CSL Limited is headquartered in Melbourne, Australia and the subsidiaries of
10 Pages(2500 words)Assignment
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic Corporate Accounting for FREE!