Assessing goodwill reporting under a newly adopted IFRS framework

Tyrone Carlin, Cary Dilernia, Nigel Finch

Research output: Chapter in Book/Report/Conference proceedingConference proceeding contributionpeer-review


The 2006 reporting year represents the first year in which substantial quantities of financial statements prepared by Australian listed corporations in accordance with the requirements of A-IFRS have become available for inspection. It is the purpose of this paper to develop an impression of the manner in which the Australian goodwill reporting regime, AASB 136 - Impairment of Assets, has unfolded in this initial implementation period. This research focuses on the elections and disclosures made by the 20 largest Australian listed corporations and focuses on the development of a more nuanced comprehension of the degree of conservatism or aggression inherent in value in use estimates employed in their determination of impairment. Several dimensions of the goodwill reporting regime are investigated including, the role of cash generating units (CGU), the estimation of the recoverable amounts of CGU assets, and other key factors such as discount rates, growth rates, forecast periods and terminal values.
Original languageEnglish
Title of host publicationProceedings of the 19th Asian-Pacific Confrence on International Accounting Issues
Place of PublicationMalaysia
PublisherUniversity of Malaya
Number of pages24
Publication statusPublished - 2007
EventAsian-Pacific Confrence on International Accounting Issues (19th : 2007) - Kuala Lumpur, Malaysia
Duration: 11 Nov 200714 Nov 2007


ConferenceAsian-Pacific Confrence on International Accounting Issues (19th : 2007)
CityKuala Lumpur, Malaysia


  • goodwill
  • financial reporting
  • creative accounting
  • impairment accounting


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