Question 1

If an asset's carrying amount is impaired,AASB 116 requires all assets in the same class to be revalued.

Accepted Answer

A) True 
 B)False  False

Question 2

Manchester Ltd has a building that originally cost $850 000 and has accumulated depreciation of $120 000 as at 30 June 2012.It is decided on 1 July 2012 that the building should be revalued to $820 000.What are the appropriate entries to record the revaluation using the net method?

Accepted Answer

A) 
$$\begin{array} { | l | l | l | l | } 
\hline \mathrm { Dr } & \text { Asset revaluation reserve } & 30000 & \
\hline \mathrm { Cr } & \text { Building } & & 30000 \
\hline
\end{array}$$ 
B) 
$$\begin{array} { | l | l | l | l | } 
\hline \mathrm { Dr } & \text { Building } & 90000 & \
\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 90000 \
\hline
\end{array}$$ 
C) 
$$\begin{array} { | c | l | c | c | } 
\hline \mathrm { Dr } & \text { Accumulated depreciation-building } & 30000 & \
\hline \mathrm { Cr } & \text { Building } & & 30000 \
\hline \mathrm { Dr } & \text { Accumulated depreciation } & 90000 & \
\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 90000 \
\hline
\end{array}$$ 
D) 
$$\begin{array} { | c | l | c | c | } 
\hline \mathrm { Dr } & \text { Accumulated depreciation-building } & 120000 & \
\hline \mathrm { Cr } & \text { Building } & & 120000 \
\hline \mathrm { Dr } & \text { Building } & 90000 & \
\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 90000 \
\hline
\end{array}$$ 
A) 
$$\begin{array} { | l | l | l | l | } 
\hline \mathrm { Dr } & \text { Asset revaluation reserve } & 30000 & \
\hline \mathrm { Cr } & \text { Building } & & 30000 \
\hline
\end{array}$$ 
B) 
$$\begin{array} { | l | l | l | l | } 
\hline \mathrm { Dr } & \text { Building } & 90000 & \
\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 90000 \
\hline
\end{array}$$ 
C) 
$$\begin{array} { | c | l | c | c | } 
\hline \mathrm { Dr } & \text { Accumulated depreciation-building } & 30000 & \
\hline \mathrm { Cr } & \text { Building } & & 30000 \
\hline \mathrm { Dr } & \text { Accumulated depreciation } & 90000 & \
\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 90000 \
\hline
\end{array}$$ 
D) 
$$\begin{array} { | c | l | c | c | } 
\hline \mathrm { Dr } & \text { Accumulated depreciation-building } & 120000 & \
\hline \mathrm { Cr } & \text { Building } & & 120000 \
\hline \mathrm { Dr } & \text { Building } & 90000 & \
\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 90000 \
\hline
\end{array}$$ D

Question 3

Bears and Things acquired a toy-stuffing machine at a cost of $150 000 on 1 July 2009.The machine had a useful life of 10 years and a residual value of $30 000.The benefits from the machine are expected to be derived evenly over its life.On 1 July 2011 the asset's fair value is $110 000 and the salvage value and useful life are expected to be unchanged (that is,there is 8 years of remaining life).On 30 June 2009 the machine is sold for $60 000 cash.What are the journal entries required to record the depreciation for the year ended 30 June 2009 and the sale of the machine in accordance with AASB 116 if: (a)the revaluation is undertaken and (b)the revaluation is not recorded?

Accepted Answer

A) 
  
B) 
  
C) 
  
D) 
  
A) 
  
B) 
  
C) 
  
D) 
  B

Question 4

Once an entity elects to value a class of assets using fair value it can switch back to cost basis measurement as long as there is justifiable reason.

Accepted Answer

A) True 
 B)False

Question 5

The costs associated with revaluing assets include:

Accepted Answer

A)  additional audit fees. 
B)  fees charged by the valuer. 
C)  opportunity costs associated with the directors' time to review the valuations. 
D)  all of the given answers. 
A)  additional audit fees. 
B)  fees charged by the valuer. 
C)  opportunity costs associated with the directors' time to review the valuations. 
D)  all of the given answers.

Question 6

Where the value of revalued non-current assets does not change frequently and is not material,AASB 116 suggests that revaluations:

Accepted Answer

A)  may be undertaken when next convenient. 
B)  should be undertaken every 3 to 5 years. 
C)  may be undertaken for individual assets within a class. 
D)  should be suspended and the entity should switch back to cost. 
A)  may be undertaken when next convenient. 
B)  should be undertaken every 3 to 5 years. 
C)  may be undertaken for individual assets within a class. 
D)  should be suspended and the entity should switch back to cost.

Question 7

Discuss the potential usefulness of the gross method in revaluation of non-current assets.

Accepted Answer

The gross method in revaluation of non-c

Question 8

Hendersons Ltd has just begun to revalue its plant and equipment.The following information about the items included in this class of non-current assets shows their carrying value,and most recent revaluation.
$$\begin{array} { | l | r | r | r | } 
\hline { \text { Item } } & \text { Cost } & \begin{array} { c } 
\text { Accumulated } \
\text { depreciation }
\end{array} & \begin{array} { c } 
\text { Fair value as at 31 } \
\text { December 2002 }
\end{array} \
\hline \text { Lathe } & 34000 & 6700 & 25000 \
\hline \text { Grinder } & 12000 & 1400 & 12000 \
\hline \text { Stamp machine date? } & 65000 & 14000 & 60000 \
\hline
\end{array}$$
 What is/are the appropriate journal entry(ies)to record the revaluations using the net method?

Accepted Answer

A) 
$$\begin{array} { | l | l | r | r | } 
\hline \mathrm { Dr } & \text { Accumulated depreciation- lathe } & 6700 & \
\hline \mathrm { Dr } & \text { Accumulated depreciation -grinder } & 1400 & \
\hline \mathrm { Dr } & \text { Accumulated depreciation -stamp machine } & 14000 & \
\hline \mathrm { Cr } & \text { Lathe } & & 6700 \
\hline \mathrm { Cr } & \text { Grinder } & & 1400 \
\hline \mathrm { Cr } & \text { Stamp machine } & & 14000 \
\hline & & & \
\hline \mathrm { Dr } & \text { Grinder } & 1400 & \
\hline \mathrm { Dr } & \text { Stamp machine } & 9000 & \
\hline \mathrm { Cr } & \text { Lathe } & & 2300 \
\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 8100 \
\hline
\end{array}$$ 
B) 
$$\begin{array} { | l | l | l | l | } 
\hline \mathrm { Dr } & \text { Loss on revaluation } & 14000 & \
\hline \mathrm { Cr } & \text { Stamp machine } & & 5000 \
\hline \mathrm { Cr } & \text { Lathe } & & 9000 \
\hline
\end{array}$$ 
C) 
$$\begin{array} { | l | l | r | r | } 
\hline \mathrm { Dr } & \text { Accumulated depreciation- lathe } & 6700 & \
\hline \mathrm { Dr } & \text { Accumulated depreciation- grinder } & 1400 & \
\hline \mathrm { Dr } & \text { Accumulated depreciation -stamp machine } & 14000 & \
\hline \mathrm { Cr } & \text { Lathe } & & 6700 \
\hline \mathrm { Cr } & \text { Grinder } & & 1400 \
\hline \mathrm { Cr } & \text { Stamp machine } & & 14000 \
\hline & & & \
\hline \mathrm { Dr } & \text { Grinder } & 1400 & \
\hline \mathrm { Dr } & \text { Stamp machine } & 9000 & \
\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 10400 \
\hline \mathrm { Dr } & \text { Loss on revaluation } & 2300 & \
\hline \mathrm { Cr } & \text { Lathe } & & 2300 \
\hline
\end{array}$$ 
D) 
$$\begin{array} { | l | l | r | r | } 
\hline \mathrm { Dr } & \text { Stamp machine } & 9000 & \
\hline \mathrm { Dr } & \text { Grinder } & 1400 & \
\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 10400 \
\hline & & & \
\hline \mathrm { Dr } & \text { Loss on revaluation } & 2300 & \
\hline \mathrm { Cr } & \text { Lathe } & & 2300 \
\hline
\end{array}$$ 
A) 
$$\begin{array} { | l | l | r | r | } 
\hline \mathrm { Dr } & \text { Accumulated depreciation- lathe } & 6700 & \
\hline \mathrm { Dr } & \text { Accumulated depreciation -grinder } & 1400 & \
\hline \mathrm { Dr } & \text { Accumulated depreciation -stamp machine } & 14000 & \
\hline \mathrm { Cr } & \text { Lathe } & & 6700 \
\hline \mathrm { Cr } & \text { Grinder } & & 1400 \
\hline \mathrm { Cr } & \text { Stamp machine } & & 14000 \
\hline & & & \
\hline \mathrm { Dr } & \text { Grinder } & 1400 & \
\hline \mathrm { Dr } & \text { Stamp machine } & 9000 & \
\hline \mathrm { Cr } & \text { Lathe } & & 2300 \
\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 8100 \
\hline
\end{array}$$ 
B) 
$$\begin{array} { | l | l | l | l | } 
\hline \mathrm { Dr } & \text { Loss on revaluation } & 14000 & \
\hline \mathrm { Cr } & \text { Stamp machine } & & 5000 \
\hline \mathrm { Cr } & \text { Lathe } & & 9000 \
\hline
\end{array}$$ 
C) 
$$\begin{array} { | l | l | r | r | } 
\hline \mathrm { Dr } & \text { Accumulated depreciation- lathe } & 6700 & \
\hline \mathrm { Dr } & \text { Accumulated depreciation- grinder } & 1400 & \
\hline \mathrm { Dr } & \text { Accumulated depreciation -stamp machine } & 14000 & \
\hline \mathrm { Cr } & \text { Lathe } & & 6700 \
\hline \mathrm { Cr } & \text { Grinder } & & 1400 \
\hline \mathrm { Cr } & \text { Stamp machine } & & 14000 \
\hline & & & \
\hline \mathrm { Dr } & \text { Grinder } & 1400 & \
\hline \mathrm { Dr } & \text { Stamp machine } & 9000 & \
\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 10400 \
\hline \mathrm { Dr } & \text { Loss on revaluation } & 2300 & \
\hline \mathrm { Cr } & \text { Lathe } & & 2300 \
\hline
\end{array}$$ 
D) 
$$\begin{array} { | l | l | r | r | } 
\hline \mathrm { Dr } & \text { Stamp machine } & 9000 & \
\hline \mathrm { Dr } & \text { Grinder } & 1400 & \
\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 10400 \
\hline & & & \
\hline \mathrm { Dr } & \text { Loss on revaluation } & 2300 & \
\hline \mathrm { Cr } & \text { Lathe } & & 2300 \
\hline
\end{array}$$

Question 9

Under AASB 116 when an asset is revalued and the net method is used,accumulated depreciation:

Accepted Answer

A)  must be written back to profit. 
B)  must be closed off to the equity account. 
C)  should be eliminated against the gross carrying amount of the asset before revaluation. 
D)  should be increased by the same proportion as the gross carrying amount of the asset so that the carrying amount of the asset after revaluation equals the revalued amount. 
A)  must be written back to profit. 
B)  must be closed off to the equity account. 
C)  should be eliminated against the gross carrying amount of the asset before revaluation. 
D)  should be increased by the same proportion as the gross carrying amount of the asset so that the carrying amount of the asset after revaluation equals the revalued amount.

Question 10

By permitting some classes of assets to be valued at cost and others at fair value the AASB has:

Accepted Answer

A)  removed any confusion regarding the total balance of non-current assets. 
B)  forced entities to accurately reflect their true financial position at any point in time. 
C)  created a situation where the total asset figure may be a combination of cost and fair value assessments, reducing its meaningfulness. 
D)  removed the opportunity for managers to act in their own self-interest as suggested by Positive Accounting Theory. 
A)  removed any confusion regarding the total balance of non-current assets. 
B)  forced entities to accurately reflect their true financial position at any point in time. 
C)  created a situation where the total asset figure may be a combination of cost and fair value assessments, reducing its meaningfulness. 
D)  removed the opportunity for managers to act in their own self-interest as suggested by Positive Accounting Theory.

Question 11

Research using the Positive Accounting Theory approach investigated public trust deeds and found that in relation to revaluations they:

Accepted Answer

A)  allowed revaluations but imposed very low debt/asset limits. 
B)  specified which assets may be revalued and who may conduct the revaluations. 
C)  generally did not permit revaluations. 
D)  allowed revaluations but specified the period between revaluations as being no longer than 2 years. 
A)  allowed revaluations but imposed very low debt/asset limits. 
B)  specified which assets may be revalued and who may conduct the revaluations. 
C)  generally did not permit revaluations. 
D)  allowed revaluations but specified the period between revaluations as being no longer than 2 years.

Question 12

Chopin Ltd has a debt contract and is close to violating the return on equity ratio as stipulated in the debt agreement.What is the most appropriate action to take?

Accepted Answer

A)  Negotiate a loan to increase cash balance. 
B)  Accelerate collection of receivables. 
C)  Negotiate to prepay long-term debt. 
D)  Revalue a class of asset. 
A)  Negotiate a loan to increase cash balance. 
B)  Accelerate collection of receivables. 
C)  Negotiate to prepay long-term debt. 
D)  Revalue a class of asset.

Question 13

Explain the process that an entity must undertake when converting from the cost model to the valuation model basis of accounting for its non-current assets.

Accepted Answer

When an entity decides to convert from t

Question 14

What is the rationale for revaluing the entire class of assets when an item of property,plant and equipment is revalued?

Accepted Answer

The rationale for revaluing the entire c

Question 15

Explain why discounting future cash flows will have direct implications for the calculated value of the recoverable amount.

Accepted Answer

Discounting future cash flows has direct

Question 16

When an entity adopts the valuation model to account for its property,plant and equipment,which of the following statement(s)is/are correct?

Accepted Answer

A)  If an item is revalued, all assets in the same class shall be revalued. 
B)  If an asset's carrying amount is decreased as a result of a revaluation, the decrease is always recognised in profit and loss. 
C)  If an asset's carrying amount is increased as a result of a revaluation, the increase is always credited directly to equity. 
D)  All of the given answers. 
A)  If an item is revalued, all assets in the same class shall be revalued. 
B)  If an asset's carrying amount is decreased as a result of a revaluation, the decrease is always recognised in profit and loss. 
C)  If an asset's carrying amount is increased as a result of a revaluation, the increase is always credited directly to equity. 
D)  All of the given answers.

Question 17

Stairway Ltd is undertaking its regular review of the fair value of its assets.It has discovered the following material changes
 
 What are the journal entries required to record the revaluations in accordance with relevant accounting standards?

Accepted Answer

A) 
$$\begin{array} { | c | l | c | c | } 
\hline \mathrm { Dr } & \text { Loss on revaluation of land } & 30000 & \
\hline \mathrm { Cr } & \text { Land-Howrah } & & 30000 \
\hline\
\hline \mathrm { Dr } & \text { Land-Lenah Valley } & 50000 & \
\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 50000 \
\hline & & & \
\hline \mathrm { Dr } & \text { Equipment } & 60000 & \
\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 60000 \
\hline
\end{array}$$ 
B) 
$$\begin{array} { | c | l | c | c | } 
\hline \mathrm { Dr } & \text { Loss on revaluation of land } & 30000 & \
\hline \mathrm { Cr } & \text { Land-Howrah } & & 30000 \
\hline & & & \
\hline \mathrm { Dr } & \text { Land-Lenah Valley } & 50000 & \
\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 50000 \
\hline \mathrm { } & & & \
\hline \mathrm { Dr } & \text { Accumulated depreciation-equipment } & 260000 & \
\hline \mathrm { Cr } & \text { Equipment } & &260000  \
\hline & & & \
\hline \mathrm { Dr } & \text { Equipment } & 60000 & \
\hline \mathrm { Cr } & \text { Asset revaluation reserve } & &60000  \
\hline
\end{array}$$ 
C) 
$$\begin{array} { | l | l | l | l | } 
\hline \mathrm { Dr } & \text { Land-Lenah Valley } & 50000 & \
\hline \mathrm { Cr } & \text { Land-Howrah } & & 30000 \
\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 20000 \
\hline & & & \
\hline \mathrm { Dr } & \text { Accumulated depreciation–equipment } & 260000 & \
\hline \mathrm { Cr } & \text { Equipment } & & 260000 \
\hline & & & \
\hline \mathrm { Dr } & \text { Equipment } & 60000 & \
\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 60000 \
\hline
\end{array}$$ 
D) 
$$\begin{array} { | c | l | r | r | } 
\hline \mathrm { Dr } & \text { Land } & 20000 & \
\hline \mathrm { Cr } & \text { Gain on revaluation } & & 20000 \
\hline & & & \
\hline \mathrm { Dr } & \text { Equipment } & 60000 & \
\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 60000 \
\hline
\end{array}$$ 
A) 
$$\begin{array} { | c | l | c | c | } 
\hline \mathrm { Dr } & \text { Loss on revaluation of land } & 30000 & \
\hline \mathrm { Cr } & \text { Land-Howrah } & & 30000 \
\hline\
\hline \mathrm { Dr } & \text { Land-Lenah Valley } & 50000 & \
\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 50000 \
\hline & & & \
\hline \mathrm { Dr } & \text { Equipment } & 60000 & \
\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 60000 \
\hline
\end{array}$$ 
B) 
$$\begin{array} { | c | l | c | c | } 
\hline \mathrm { Dr } & \text { Loss on revaluation of land } & 30000 & \
\hline \mathrm { Cr } & \text { Land-Howrah } & & 30000 \
\hline & & & \
\hline \mathrm { Dr } & \text { Land-Lenah Valley } & 50000 & \
\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 50000 \
\hline \mathrm { } & & & \
\hline \mathrm { Dr } & \text { Accumulated depreciation-equipment } & 260000 & \
\hline \mathrm { Cr } & \text { Equipment } & &260000  \
\hline & & & \
\hline \mathrm { Dr } & \text { Equipment } & 60000 & \
\hline \mathrm { Cr } & \text { Asset revaluation reserve } & &60000  \
\hline
\end{array}$$ 
C) 
$$\begin{array} { | l | l | l | l | } 
\hline \mathrm { Dr } & \text { Land-Lenah Valley } & 50000 & \
\hline \mathrm { Cr } & \text { Land-Howrah } & & 30000 \
\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 20000 \
\hline & & & \
\hline \mathrm { Dr } & \text { Accumulated depreciation–equipment } & 260000 & \
\hline \mathrm { Cr } & \text { Equipment } & & 260000 \
\hline & & & \
\hline \mathrm { Dr } & \text { Equipment } & 60000 & \
\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 60000 \
\hline
\end{array}$$ 
D) 
$$\begin{array} { | c | l | r | r | } 
\hline \mathrm { Dr } & \text { Land } & 20000 & \
\hline \mathrm { Cr } & \text { Gain on revaluation } & & 20000 \
\hline & & & \
\hline \mathrm { Dr } & \text { Equipment } & 60000 & \
\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 60000 \
\hline
\end{array}$$

Question 18

Where there are debt covenants in place to restrict the level of debt to assets then management may be motivated to:

Accepted Answer

A)  avoid revaluations because an increase in asset values increases depreciation and therefore reduces profit. 
B)  undertake revaluations where the expectation is that asset values have fallen. 
C)  avoid revaluations because of their effect on the cash flows of the business and therefore its ability to pay interest under the debt covenant. 
D)  undertake revaluations where the expectation is that asset values are rising. 
A)  avoid revaluations because an increase in asset values increases depreciation and therefore reduces profit. 
B)  undertake revaluations where the expectation is that asset values have fallen. 
C)  avoid revaluations because of their effect on the cash flows of the business and therefore its ability to pay interest under the debt covenant. 
D)  undertake revaluations where the expectation is that asset values are rising.

Question 19

On disposal of an asset a gain or loss is the difference between the proceeds from sale and:

Accepted Answer

A)  the cost of an asset. 
B)  residual value of the asset. 
C)  carrying amount of the asset. 
D)  revalued amount of the asset. 
A)  the cost of an asset. 
B)  residual value of the asset. 
C)  carrying amount of the asset. 
D)  revalued amount of the asset.

Question 20

Under AASB 116 when an asset is revalued and the gross method is used,accumulated depreciation:

Accepted Answer

A)  must be written back to profit. 
B)  must be closed off to reduce the asset account. 
C)  is ignored during revaluation as it has not effect on carrying amount. 
D)  should be increased by the same proportion as the gross carrying amount of the asset so that the carrying amount of the asset after revaluation equals the revalued amount. 
A)  must be written back to profit. 
B)  must be closed off to reduce the asset account. 
C)  is ignored during revaluation as it has not effect on carrying amount. 
D)  should be increased by the same proportion as the gross carrying amount of the asset so that the carrying amount of the asset after revaluation equals the revalued amount.

Exam 6: Revaluations and Impairment Testing of Non-Current Assets

If an asset's carrying amount is impaired,AASB 116 requires all assets in the same class to be revalued.

Manchester Ltd has a building that originally cost $850 000 and has accumulated depreciation of $120 000 as at 30 June 2012.It is decided on 1 July 2012 that the building should be revalued to $820 000.What are the appropriate entries to record the revaluation using the net method?

Once an entity elects to value a class of assets using fair value it can switch back to cost basis measurement as long as there is justifiable reason.

The costs associated with revaluing assets include:

Where the value of revalued non-current assets does not change frequently and is not material,AASB 116 suggests that revaluations:

Discuss the potential usefulness of the gross method in revaluation of non-current assets.

Under AASB 116 when an asset is revalued and the net method is used,accumulated depreciation:

By permitting some classes of assets to be valued at cost and others at fair value the AASB has:

Research using the Positive Accounting Theory approach investigated public trust deeds and found that in relation to revaluations they:

Chopin Ltd has a debt contract and is close to violating the return on equity ratio as stipulated in the debt agreement.What is the most appropriate action to take?

Explain the process that an entity must undertake when converting from the cost model to the valuation model basis of accounting for its non-current assets.

What is the rationale for revaluing the entire class of assets when an item of property,plant and equipment is revalued?

Explain why discounting future cash flows will have direct implications for the calculated value of the recoverable amount.

When an entity adopts the valuation model to account for its property,plant and equipment,which of the following statement(s)is/are correct?

Stairway Ltd is undertaking its regular review of the fair value of its assets.It has discovered the following material changes What are the journal entries required to record the revaluations in accordance with relevant accounting standards?

Where there are debt covenants in place to restrict the level of debt to assets then management may be motivated to:

On disposal of an asset a gain or loss is the difference between the proceeds from sale and:

Under AASB 116 when an asset is revalued and the gross method is used,accumulated depreciation:

An Overview of the Australian External Reporting Environment

The Conceptual Framework of Accounting and Its Relevance to Financial Reporting

Theories of Accounting

An Overview of Accounting for Assets

Depreciation of Property, plant and Equipment

Inventory

Accounting for Intangibles

Accounting for Heritage Assets and Biological Assets

An Overview of Accounting for Liabilities

Accounting for Leases

Accounting for Employee Benefits

Share Capital and Reserves

Accounting for Financial Instruments

Revenue Recognition Issues

The Statement of Comprehensive Income and Statement of Changes in Equity

Accounting for Share-Based Payments

Accounting for Income Taxes

The Statement of Cash Flows

Accounting for the Extractive Industries

Accounting for General Insurance Contracts

Accounting for Superannuation Plans

Events Occurring After the End of the Reporting Period

Segment Reporting

Related Party Disclosures

Earnings Per Share

Accounting for Group Structures

Further Consolidation Issues I: Accounting for Intragroup Transactions

Further Consolidation Issues II: Accounting for Non-Controlling Interests

Further Consolidation Issues IV: Accounting for Changes in the Degree of Ownership of a Subsidiary

Accounting for Equity Investments,including Investments in Associates and Joint Arrangements

Accounting for Foreign Currency Transactions

Translating the Financial Statements of Foreign Operations

Accounting for Corporate Social Responsibility

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