Consolidation with differences between carrying amount and fair value at acquisition date, impairment of goodwill and intragroup transactions.

Corporate Reporting (ACC2CRE) Case Study (5 Marks) Impairment of Assets Group Assignment Group Members (Max 4) Due date: Wednesday (5.00pm), 25 May, 2016 1. The assignment is a compulsory group assignment and is worth 5% of the total marks of the subject. 2. The group should be comprised of four (4) students. It is the responsibility of students to form the groups. Only one copy of the group assignment must be submitted on behalf of the group by one of the group members. Students must make sure that the completed Assignment Declaration form is attached including students' details (students' names and IDs) with the assignment. 3. You must keep a copy of your assignment (in hard copy form) until you receive the marked original back. If your assignment is lost and you fail to provide us with a copy of the assignment when requested, we will assume the assignment was not written and the penalties for late assignment will be applied. 4. The assignment must be presented in a professional manner (word processed). 5. Submissions must be properly referenced (refer to the University Style Guide). 6. Plagiarism is a serious matter; all students involved will be referred to the University's appropriate authority. 7. Late submission will incur a penalty of one mark per day including the weekend. Late submission must be lodged with Course Coordinator only. 1 8. Application for extensions must be lodged with the Course Coordinator before due date in writing for granting an extension (medical problems etc.). 9. Assignment must be submitted through the LMS. Note 1: Word limit for the Question is 500. 2 3