The Impact of Assets Impairment on Company Accounts

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The Impact of Assets Impairment on Company Accounts Assignment 1 ACCT 20054 – Company Accounting Term 2, 2012 Prepared & Submitted by Jobish Mathew S0214315 Tutor: Davood Alizadeh Due date: 24th August 2012 Submitted date: 24th August 2012 Executive Summary The study ‘The Impact of Assets Impairment on Company Accounts’ presents the cotemporary issues facing by major five Australian companies Qantas, Ten Networks, Billabong, Bluescope steel and Harvey Norman. This research mainly deals with controversies surrounding the recent introduction and application of ‘fair value’ measurement system by the IASB and AASB. The author refers an article written by Adele Ferguson published in ‘The Age’ newspaper on 14th…show more content…
of O. S* (millions) | 252 | 253 | 253 | 254 | 254 | 254 | | M.C*(Millions) | $ 2205 | 2770 | 2211 | 2070 | 1527 | 349 | | % changes in M.C | -- | 25.62 | (20.18) | (6.38) | (26.23) | (77.14) | | B.V* (Millions) | $ 1176 | 1190 | 1217 | 1173 | 1196 | -- | | % changes in B.V | -- | 1.19 | 2.27 | (3.62) | 1.96 | -- | BLUESCOPE | S.P* | $ 2.53 | 3.11 | 2.10 | 2.25 | 1.21 | 0.405 | | No. of O. S* (millions) | 1823 | 1823 | 1823 | 1823 | 1842 | 1842 | | M.C*(Millions) | $ 4612 | 5670 | 3828 | 4102 | 2229 | 746 | | % changes in M.C | -- | 22.94 | (32.49) | 7.16 | (45.66) | (66.53) | | B.V* (Millions) | $5663 | 5607 | 5756 | 5507 | 4396 | -- | | % changes in B.V | -- | (0.99) | 2.66 | (4.33) | (20.17) | -- | HARVEYNORMAN | S.P* | $ 3.30 | 4.22 | 3.31 | 2.94 | 2.44 | 2.02 | | No. of O. S* (millions) | 1062 | 1062 | 1062 | 1062 | 1062 | 1062 | | M.C*(Millions) | $ 3505 | 4482 | 3515 | 3122 | 2644 | 2145 | | % changes in M.C | -- | 27.87 | (21.58) | (11.18) | (15.31) | (18.87) | | B.V* (Millions) | $2059 | 2152 | 2157 | 2189 | 2228 | -- | | % changes in B.V | -- | 4.47 | 0.23 | 1.48 | 1.78 | -- | *M.C (Market Capitalisation) = Share Price × No. of Outstanding Shares *S.P = Share price, *B.V = Book Value, *O.S = Outstanding Shares *As on 17/08/12 – The author added

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