The Impairment of Assets in the Australian Context

Dymock, Andrew Peter

The Impairment of Assets in the Australian Context

Dymock, Andrew Peter

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Publication Type:: Thesis
Issue Date:: 2021

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Field	Value	Language
dc.contributor.author	Dymock, Andrew Peter
dc.date.accessioned	2022-01-19T01:39:46Z
dc.date.available	2022-01-19T01:39:46Z
dc.date.issued	2021
dc.identifier.uri	http://hdl.handle.net/10453/153339
dc.description	University of Technology Sydney. Faculty of Business.	en_US.UTF-8
dc.description.abstract	AASB 136 Impairment of Assets has broad application across firms and is likely to be the most problematic accounting standard currently applying to the preparation of financial reports in Australia. So much so that ‘impairment of assets’ is identified annually by the Australian Securities and Investments Commission in its listing of financial reporting issues requiring attention (ex-ante) as well as its listing of financial reporting problems identified (ex-post). The persistent concern is asset impairments are not recognised on a timely basis. The focus of this thesis is on three aspects of asset impairment. First, whether there are economic consequences arising from asset impairments not being recognised on a timely basis. Second, determining the extent to which asset impairments contribute to ‘conditional conservatism’. Third, whether asset impairments are relevant to the evaluation of firm performance.	en_US.UTF-8
dc.format	Thesis (PhD)
dc.language.iso	en_US	en_US.UTF-8
dc.relation	https://opus.lib.uts.edu.au/bitstream/10453/153339/2/02whole.pdf
dc.rights	The author owns the copyright in this thesis including all reproduction and reuse rights for the work. The work may not be altered without the permission of the copyright owner. Attribution is essential when quoting or paraphrasing from this thesis.
dc.rights	au.edu.uts.lib/ppc
dc.rights	info:eu-repo/semantics/openAccess
dc.title	The Impairment of Assets in the Australian Context	en_US.UTF-8
dc.type	Thesis
utslib.copyright.status	open_access	*

Abstract:

AASB 136 Impairment of Assets has broad application across firms and is likely to be the most problematic accounting standard currently applying to the preparation of financial reports in Australia. So much so that ‘impairment of assets’ is identified annually by the Australian Securities and Investments Commission in its listing of financial reporting issues requiring attention (ex-ante) as well as its listing of financial reporting problems identified (ex-post). The persistent concern is asset impairments are not recognised on a timely basis. The focus of this thesis is on three aspects of asset impairment. First, whether there are economic consequences arising from asset impairments not being recognised on a timely basis. Second, determining the extent to which asset impairments contribute to ‘conditional conservatism’. Third, whether asset impairments are relevant to the evaluation of firm performance.

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http://hdl.handle.net/10453/153339