Explain calculation of goodwill impairment under us gaap

Assignment Help Accounting Basics

Reference no: EM131460163

Accounting Research Paper

Review the following documents:

? Blackberry 10 Case in course case packet
? Blackberry USA 10-K for years ending March 1, 2014; March 1, 2013; March 1, 2012
? Accounting Standards Codification: 330 Inventory; 350 Goodwill; 360 Long-Term Assets
? FASB Financial Standards Update: No. 2015-11
? IAS 2 Inventory; IAS 36 Impairment of Assets

Answer the following questions:

1. How much did Blackberry USA write down in Inventory, Long-Term Assets, and Goodwill for the fiscal years ending March 1, 2012, 2013, 2014?

2. Referring to the Blackberry 10 case in the course packet, compute the amount of inventory write down according to ASC 330 and FSU No. 2015-11. Show calculations. Should model Z10 and Q10 be aggregated or separated to do the calculations? Provide citations from ASC 330 to support and explain in your own words, your methodology.

3. What differences are there, if any, between US GAAP and IFRS in accounting for inventories? Explain in your own words, and provide citations from ASC 330 and IAS 2.

4. Explain in your own words the testing and calculation of Long-Term Asset Impairment under US GAAP, including when to test for impairment, how to test for impairment, and what disclosures are required. Provide citation from ASC 360. Are there any parts of the testing or calculation that you think don't make sense?

5. Using your own words, what are the significant differences, in any, between US GAAP and IFRS regarding Long-Term Asset Impairment? Provide citation from ASC 360 and IAS 36.

6. Explain in your own words the testing and calculation of Goodwill Impairment under US GAAP. Provide citation from ASC 350. Are there any parts of the testing or calculations that you think don't make sense?

7. Using your own words, what are the significant differences, if any, between US GAAP and IFRS regarding Goodwill Impairment? Provide citation from ASC 350 and IAS 36.

https://www.dropbox.com/s/bcw8cbmc7h9ru38/Blackberry-10_0.pdf?dl=0

Reference no: EM131460163

Questions Cloud

Production minus-related information : Which one of the following alternatives will allow next year's demand to be fully covered?

What is the incremental cash flow in terminal year : What is the incremental cash flow in terminal year (year 5 cash flow)? What is the IRR? You may need an Excel spread-sheet to make this calculation.

Means of schedule compression : Would any of these methods [crashing, fast tracking, and scope reduction as means of schedule compression] apply to Agile projects?

Calculate the mean and standard deviation for square footage : While the housing market is in recession and is not likely to emerge anytime soon, real estate investment in college towns continues to promise good returns.

Explain calculation of goodwill impairment under us gaap : Explain in your own words the testing and calculation of Goodwill Impairment under US GAAP. Provide citation from ASC 350.

Calculate coefficient of variation for market capitalization : Go to the text website and access the data labeled Largest Corporations. It shows the Fortune 500 rankings of America's largest corporations for 2010.

Which investment provides the higher return : Given a risk-free rate of 2%, calculate the Sharpe ratio for each investment. Which investment provides the higher reward per unit of risk? Explain.

Calculate the maximum length : Calculate the maximum length Imax that a circuit-board trace carrying this signal can have at each of the following frequencies without encountering excessive

Demonstrate a comprehension of the issue : Your papers must demonstrate a comprehension of the issue based on facts, not opinion. Facts may be from the course or other stated references.

User Account

All Pages