Starbucks Business ethics - 1271 Words

Starbucks Corporation is an American global coffee company and Italian-styled coffeehouse chain, based in Seattle, Washington. It is the world’s largest coffeehouse chain, and is considered one of the world’s best-liked and best-known consumer brands- with 19,972 stores in 60 countries. Business analysts agree that Starbucks is a widely respected company because of its commitment to social responsibility. Starbucks has earned this reputation through its actions in all phases of its business and live out this commitment through both its mission statement and values. The Starbucks website states that, â€Å"Our mission: to inspire and nurture the human spirit – one person, one cup and one neighborhood at a time†. Starbucks even has a†¦show more content†¦Sure, it starts with the promise of a perfectly made beverage, but our work goes far beyond that. It’s really about human connection.† Stores- When our customers feel this sense of belonging, our stores become a haven, a break from the worries outside, a place where you can meet with friends. It’s about enjoyment at the speed of life – sometimes slow and savored, sometimes faster. Always full of humanity.† Neighborhood- â€Å"Every store is part of a community, and we take our responsibility to be good neighbors seriously. We want to be invited in wherever we do business. We can be a force for positive action – bringing together our partners, customers and the community to contribute every day. Now we see that our responsibility – and our potential for good – is even larger. The world is looking to Starbucks to set the new standard, yet again. We will lead.† Shareholders- â€Å"We know that as we deliver in each of these areas, we enjoy the kind of success that rewards our shareholders. We are fully accountable to get each of these elements right so that Starbucks – and everyone it touches – can endure and thrive.† On its website, Starbucks professes to fulfill its environmental mission statement as well by understanding environmental issues and sharing information with its partners; developing innovative and flexible solutions to bring about change; striving to buy, sell and use environmentally friendly products; recognizing that financial responsibility is essentialShow MoreRelatedStarbucks and Business Ethics1569 Words   |  7 PagesStarbucks and Business Ethics Different businesses have different ways of advertising their products and contributing to the outside world. Starbucks being amongst these different businesses has an unethical way of marketing its goods. Their advertisements are very broad and manipulative to their customers. Starbucks follows business ethics, which is what makes marketing and global contribution circulate. They also give businesses different objectives they follow to be more fair and truthful toRead More Starbucks Business Ethics Case Analysis Essay examples1451 Words   |  6 PagesStarbucks Business Ethics Case Analysis INTRO Ethical issues in business are a common placed every day occurrence that will never cease to exist. We will discuss an ethical issue that involves a large American corporation and its practices when dealing with suppliers of produce that is essential but not solely used by this business. We will present several point of views backed by literary findings that suggest ethical practices may or may not be at hand. BODY Mr. DonaldRead MoreStarbucks Standards of Ethics and Compliance1647 Words   |  7 PagesEthics and Compliance Starbucks is a large organization that upholds many standards when it comes to their financial environment. Upholding ethical standards within a business is important if a business wants to become successful and maintains their credibility, Starbucks does not just operate on one ethical standard but eight different ones. They are all different sources that are used for different reason within the company. Starbucks has two specific organization standards they go by that dealRead MoreEthics and Compliance Paper Fin/3701357 Words   |  6 PagesEthics and Compliance Paper FIN/370 Starbucks Coffee Company â€Å"To inspire and nurture the human spirit – one person, one cup and one neighborhood at a time (Starbucks,  2012).† Starbucks mission is to not only provide the highest quality of coffee but also make a positive impact on the world. Ethisphere Institute over the last six years has selected the World’s Most Ethical Companies and Starbucks has made the list every year. What are the key components that make Starbucks one of the most ethicalRead MoreStarbucks: Ethics in a Cup Essay1436 Words   |  6 Pagesof capitalism, a common thought thread of dog eat dog has emerged. In order to survive a business must do whatever it can to turn a profit, with no regard to social, environmental, or economic responsibility. This worked for a time; profits were soaring in almost every business sector. Until the business world would be rocked by scandals at the start of the twenty-first century. The lack of business ethics in corporate America led to the worst economic d ownfall in America since the great depressionRead MoreStarbucks Mission: Social Responsibility736 Words   |  3 PagesFor the first assignment, please read Case 2, Starbucks Mission: Social Responsibility and Brand Strength on pages 319-326. Answer the questions at the end of the case, plus this question: In what other ways does this case relate to the concepts that we have learned in the chapters so far? 1. Why do you think Starbucks has been so concerned with social responsibility in its overall corporate strategy? Starbuck is concerned about its social responsibility because it is a very highly visibleRead MoreStarbucks : A Global Business Essay1384 Words   |  6 PagesStarbucks was founded nearly forty-five years ago as an organization that holds the belief that it was possible to balance good business with uncompromising values. (CITE 1) Starbucks is a global business that operates in over seventy countries and has more than twenty-four thousand stores. Starbucks locations serve hot and cold drinks, whole-bean coffee, espresso, tea, and pastries. Few offerings are limited to seasonal times throughout the year or are specific to the locality of the store. StarbucksRead MoreStarbucks Code Of Ethics1601 Words   |  7 Pagesstakeholders and consumers demand business to take more social responsibility and business practices. With greater ethical practices companies are more likely to see an upward trend in profits, customer satisfaction and employee commitment. In this essay, I will be exami ning Starbucks’ code of ethics. I will illustrate how Starbucks can achieve profitable growth in an ethical manner. I will be exploring Starbucks’ code of ethics through Freeman, Freidman and Kant’s theories. Starbucks is a coffee house chainRead MoreStarbucks Ethical Behavior1546 Words   |  7 PagesBusiness Ethical Behaviour of star bucks Over the last two decades social corporate responsibility has become an increasingly important factor in the business world. Corporate Social Responsibility is concerned with treating the stakeholders of a company or institution ethically or in a responsible manner. â€Å"Ethically or responsible means treating key stakeholders in a manner deemed acceptable according to international norms â€Å" Hopkins (2011).By social corporate responsibility we mean that businessesRead MoreBusiness Ethics Has Been Difficult For Me Essay1486 Words   |  6 PagesBusiness Ethics has been difficult for me. I have not had any background in business and so learning the vocabulary was definitely a challenge. The course as a whole has many different parts. The lecture and notes as well as the case readings. The case readings tied all of the vocabulary together and helped me to put the information we have learned into a real life scenario. Overall, Business Ethics has been a great way for me to learn about different companies. I also believe this course helped

A Proposal On The Quality Of Drinking Water - 1332 Words

A Proposal on the Quality of Drinking Water Georgiana Grecea Submitted to Prof. Steven Karl In fulfillment of course requirements for ENC 1102 Abstract: Good hydration is a very important aspect in our daily health and it is critical that we keep our bodies hydrated. Water is of great significance, since it is used for drinking and in preparing our daily food. Today, there are a lot of concerns about drinking tap water due to the fact that it may contain potential toxins; so consequently, many people choose to drink bottled water instead. But there have been increased concerns about the consumption of the bottle of waters as well. The purpose of this research is to identify which water is best to drink and use; and to help people to make the right decision when it comes to the water they are consuming. Purpose Statement: Bottled water, tap water or filtered water: which one to choose? Many people have already elected to drink bottled water or choose to install under sink filtration equipment to avoid the risk of drinking contaminated tab water, and these options do help overcome many of the potential problems of drinking tap water but they are not without a downside. So, how can we be sure that the water we drink is of the highest quality and it has the right properties to hydrate our bodies? What kind of water should we drink? This issue has become increasingly complex in the recent years and it has become a dilemma that most people do have.Show MoreRelatedA Proposal to Protect Drinking Water Quality Essay1233 Words   |  5 Pages The purpose of this report is to propose a solution to the problem of reduced drinking water quality due to chemical pollution. Some bodies of water in the United States are becoming polluted from chemicals and restrictions are needed to protect drinking water quality. THE BACKGROUND OF CHEMICAL USE AND WATER QUALITY Drinking water quality was not a concern until the last century when the use of chemicals was greatly expanded. Chemicals are used to kill weeds, insects, and other pests. ChemicalsRead MoreProposal For Improving The Quality Of Our Drinking Water2060 Words   |  9 Pages2015 A Proposal to Improve the Quality of Our Drinking Water There are only few things that tie us directly to the natural environment; one such thing is the water that we drink daily. Water is one of the most valuable natural resources and we cannot live without it. Kofi Atta Annan, a Ghanaian diplomat, who served as the seventh Secretary General for the United Nations (1997 – 2006) said: Access to safe water is a fundamental human need and, therefore, a basic human right. Contaminated water jeopardizesRead MoreWater Safety Plan Essay1268 Words   |  6 Pagesthe category of Water and Environment Specialist and WASH in Emergency Specialist. Since August 2016, I am on TA contract (P-3 WASH Specialist - Water Quality and Safety) with UNICEF Afghanistan Country Office, working on water quality and safety component of the Rural Water Supply Program implemented by the Ministry of Rural Rehabilitation and Development (MRRD). In-line with UNICEFs commitment towards Water Safety, I worked with the WASH sector organizations to initiate water safety planningRead MoreWater Quality Management Plan For Restoration Of Manawatu River Essay862 Words   |  4 PagesRESEARCH PROPOSAL WATER QUALITY MANAGEMENT PLAN FOR RESTORATION OF MANAWATU RIVER, NEW ZEALAND. [Photo above: Cows in the Manawatu River. Source: blog.greens.org.nz] Submitted by: Amita Fotedar Course Code: 95.807 Student ID: 2163216 Submitted to: Dr. Maureen S Course Title: Post Graduate Research Methods Read MoreEnvironment And Its Livelihood On The Sustainable Development Essay1018 Words   |  5 PagesRajasthan: Its Perspectives on The sustainable development Introduction:- Dam and river vally projects have been known as modern piligrim-spots This statment by Pt. J.L. Nehru befits also to Jawai dam in westurn Rajasthan. Jawai Dam is the largest water reserviour in western Rajasthan. It is constructed with a thick wall between two hills of subsidiary arawalian mountainaries and over Jawai river in sumerpur division in pali district. It is located around 25 º6 40 northern latitude line and 73 º9Read MoreFactors Affecting The Environment Of The Water Bodies On The Scotland River Basin District 51711 Words   |  7 Pages â€Æ' 1 INTRODUCTION: 1 2 DISCUSSION: 2 2.1 Scotland’s Water Sources: 2 2.1.1 Coastal Water: 2 2.1.2 Estuaries: 2 2.1.3 Freshwater Lochs: 2 2.1.4 Offshore Waters: 3 2.1.5 Rivers and Canals: 3 2.2 Extent: 3 2.3 Availability: 5 2.3.1 Current Condition of the Water Bodies in the Scotland River Basin District 5 2.4 Water Quality: 6 2.4.1 Water Pollution: 6 2.4.2 Catchment Management: 6 2.5 Cost of Supply: 7 2.6 Success of the Regulators: 8 3 CONCLUSION: 10 4 REFERENCES: 11 1 INTRODUCTION: ScotlandRead MoreThe Importance Of Sustainability And How It Is The Key For Future Generations1540 Words   |  7 Pagesissue of heavily contaminated and polluted domestic water due to the failure of proper treatment and disposal. This event occurs when pollutants and particulates come into contact and engage with water resources. In Pittsburgh, Pennsylvania, residents and local officials continue to debate over the practices of drilling, waste management, and coal mining within their district. These practices are the lead cause to Pittsburgh s poor water quality. As a result, residents of Pittsburgh and those whoRead MoreStanley Park Project White Paper841 Words   |  4 Pagesimportant to the community. The proposal will help the Council to take better judgement related to the development of the City of Kelsey. With all the facilities that Stanley Park Project seem to offer shows to be extremely beneficial to the City; from basketball courts, volleyball courts, tennis courts, g ymnasium, fitness center increases the predicted value of the Stanley Park Project immensely. A major importance factor to focus on is the air quality and the water treatments and how would the predictedRead MoreEssay about Resource Mangement for Clean Water in Households1268 Words   |  6 PagesDespite it’s abundance, water is a precious resource. Without it, life on earth would cease to exist in less than two weeks. It’s no surprise then that the Department of the Interior has seven agencies tasked in some capacity with the regulation, distribution, filtration, and preservation of clean water. 1 But in reality, while these federal agencies do serve a purpose, they are not demonstrably involved with the process of bringing clean water to households. That is the job of the states and localitiesRead MoreAmerican Civil Liberties Union Of Michigan ( Aclu )1378 Words   |  6 PagesHelp Flint Residents Gain Access to Clean Water Introduction Interest groups are collections of people with common interests, beliefs, concerns, or goals who advocate for public policies that coincide with their agendas. These groups are most influential when they are formal, have a standardized agenda for policy change, and are non-governmental actors. One of the most recent and crucial issues to many environmentally minded interest groups is the Flint water crisis. Although many local and global

How Does Read Literature Like A Professor - 1814 Words

How To Read Literature Like a Professor By Thomas C. Foster 1. Chapter 1- Every Trip Is A Quest (Except When It’s Not) a. The five aspects of the quest are the quester, a place to go, a stated reason to go there, challenges and trials on the way, and the real reason to go there. When I read The Secret Life Of the Bees the quester was Lily, she was looking to go to Tiburon to find out more information about her mother and the past. On her journey she runs away from her father, falls in love, and becomes a part of a family. The real reason behind her journey is to get away from her father and feel connected with a family. 2. Chapter 2- Nice To Eat You: Acts of Communion a. The essentials of a vampire story are an older man representing corrupt values and a young innocent female that get destructed in order to continue the life force of the male. This can be applied to the Twilight series, as Edward uses Bella. Edward and Bella fall in love; stripping away her innocence, and is brought into the lifestyle of vampires. In the course of the movie Bella gets hunted and runs away; using all of her energy. She runs away from home, stripping her from her youth. Within the next few movies, Bella gets pregnant, destructing her body, and gives birth to Edwards baby in order to continue the life force of the male. 3. Chapter 4- Now, Where Have I Seen Her Before? a. Intertextuality is the ongoing interaction between poems or stories. Romeo and Juliet, and the Titanic are two examplesShow MoreRelatedHow Does Read Literature Like A Professor1557 Words   |  7 PagesHow to Read Literature like a Professor Thomas C. Foster Entry 1 Foster discusses the idea that when two characters eat together, that moment acts as a bonding experience and causes the characters to come together. I had never noticed the significance of a meal between characters before. After reading this chapter, I can think of so many moments in stories when the characters share a meal together to form friendships or come to a peace. In one of my favorite novels, Nineteen Minutes by Jodi PicoultRead MoreHow Does Read Literature Like A Professor Chapter Responses1720 Words   |  7 PagesHow to Read Literature Like a Professor Chapter Responses Introduction: How’d He Do That? The recognition of patterns makes it much easier to read complicated literature because recognizing patterns will help you relate two or more pieces of literature together, therefore making it easier to understand and analyze the literature you are focused on. Patterns in literature can help the reader understand plots, settings, themes, and other literary elements. I greatly appreciated the novel, Brave NewRead MoreAntigone : The Theme Of Violence In Literature707 Words   |  3 PagesViolence is everywhere in literature. Many authors use violence in their writing to capture a reader’s attention and to convey their message strongly. In literature, violence was used for a purpose. Antigone is filled with many violent imagery, countless arguments causing conflict between characters, and the violence of many murders and suicides. Pride, myth, and gender inequality are also major themes throughout the play. In the book, How to Read Literature Like a Professor, Foster helps the readerRead MoreRhetorical Analysis Of How Of Read Literature Like A Professor By Thomas C. Foster1089 Words   |  5 PagesEhren Lewis Mrs. Mary Smith Ap literature 20 September 2017 Analysis of Symbolism in†How to Read Literature Like a Professor† â€Å"How to read Literature like a Professor† by Thomas C. Foster is a very helpful book that goes over multiple literary strategies on how to read literature like a professor or someone with his literary skill. . With all of these literary strategies, symbolism is one that recurs frequently the throughout the entire book. Foster’s use of different techniques of symbolismRead MoreGrapes of Wrath Essay1158 Words   |  5 PagesThroughout John Steinbeck’s novel The Grapes of Wrath, many concepts appear that were noted in How to Read Literature Like a Professor by Thomas C. Foster. However, the three chapters of Foster’s how-to guide that most apply to Steinbeck’s novel were â€Å"It’s All About Sex†¦,† â€Å"Every Trip is a Quest (Except When It’s Not),† and â€Å"It’s More Than Just Rain or Snow.† On more than one occasion these concepts are hidden within the book, and two of them actually seem somewhat linked together. 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On the other hand, other teachers consider graphic novels as lacking knowledge. Thus, the answer to this question varies from person to person depending on how they see things. Not all graphic novels are literature, but they can be. What is literature? Literature is the wayRead More21st Century Spin On Literature1463 Words   |  6 Pages21st Century Spin on Literature In today’s 21st century of life, there are millions and millions of books, short stories, and poems. Authors have been scripting out different tales since before the 1st century. Therefore giving one plenty of options when it comes to not only reading, but analyzing, evaluating, and even interpreting the literature standpoint that you receive from picking up a good book. The three themes from the book How to Read Literature Like a Professor, written by Thomas C. FosterRead MoreHow To Read Literature Like A Professor by Thomas C. Foster Essay1170 Words   |  5 PagesHow to Read Literature Like A Professor In the skillful novel, How To Read Literature Like A Professor by Thomas C. Foster, there is neither a protagonist nor antagonist. As a whole, the novel gives insights on how to pick up signs of symbolism, irony, and many other hidden details that are buried within the words of literature. Foster refers to many classis novels by classic authors to demonstrate the use of logic in writing. The novel is extremely educational, leaving many insightful questionsRead MoreKate Chopin s The Story Of An Hour1070 Words   |  5 Pages Foster’s How to Read Literature Like a Professor discusses many topics and insights that can be found in literature. Foster explains how each are used and the purposes they serve while providing numerous examples. Many of Foster’s insights can be found in Kate Chopin’s â€Å"The Story of An Hour† which was written during a time in history when women were often restricted by society and marriage. The story speaks of a woman who felt freed from the burden of marriage when she thought her husband died

Corporate Accounting and Reporting Longreach Ltd

Questions: 1.Write a report to management, specifically explaining the purpose of the impairment test,how the existence of goodwill will affect the impairment test and the basic steps to be followed in applying the impairment test? 2.Prepare the journal entry(ies) for any impairment loss occurring at 30 June 2015? Answers: 1. IAS 36 and AASB 136, both details about the impairment of assets. Both these standards main aim is to focus upon the methods to be used to conduct a test with regards the impairment of the assets of any corporate so that the assets are not being shown on the balance sheet at a value which is higher than its recoverable amount. In such a case the amount by which the value of an asset falls is described under the head impairment loss . The accounting standard not only talks about the accounting part of the same but also states about the various situations when such impairment can be reversed and the relevant disclosures to be made. The impairment test is conducted at the end of the financial year of the company of all the assets that exist on the balance sheet of the company but for some exceptions such as stock in trade, construction contracts, deferred tax assets, financial assets, insurance contracts and on-current assets which are held for sale or disposal in the near future (Australian Accounting Standards Board, 2009). The simple reason behind the same is that these assets are covered under other standards separately. Thus leaving these assets, if any of the other assets is subject to impairment due to indications, then the same should undergo an impairment test and the amount should be captured in the income statement of the reporting entity as well as the balance sheet. Longreach Ltd will have to follow some steps for conducting the impairment test. First and foremost it is very important for the company to understand whether the carrying amount exceeds the recoverable amount. Thus, recoverable amount should be calculated at the beginning if there are signals for impairment. For calculating the recoverable amount of the asset the fair value of the asset less the cost of selling the asset and the value-in-use i.e. the NPV of the future cash flows of the asset are calculated and the higher of the two is considered to be the recoverable amount of the asset. Further the difference between the recoverable amount and the present carrying amount is calculated and the same is defined as the impairment loss. Thus the above mentioned basic steps are to be followed while calculating the impairment loss. Therefore there are some terms which the company should understand in depth which are as follows: Carrying Amount: It is the value of the asset that reflects in the balance sheet of the company after taking into consideration the accumulated depreciation loss and impairment loss. Cash Generating Unit (CGU): It is a small cluster of assets that helps to produce cash for a company. Value-in Use: The net present value of the future cash flows of an asset or a CGU is termed as value-in-use (Dagwell et.al. 2012). However the above steps are to be conducted only if there exists an indication for impairment of any asset. Factors that indicate impairment can be internal as well as external to the company which Longreach Ltd should consider. The external factors are as under: Major reduction in the market value of an asset or the CGU because of the customary wear and tear or time lapse. The market capitalisation value is less than the value at which the assets of the corporation are being reflected in the balance sheet of the company. The discounting rate at which the value-in-use of the assets are to be calculated has increased because of an increment of the market interest rate and due to this the recoverable amount of the asset or the CGU will fall. The asset of the company has become obsolete due to an unexpected technological change. The internal factors are enumerated as under: Any kind of an injury or damage suffered by the asset because of which its value has deteriorated. The company has not been performing well. If the company is going into any kind of a major acquisition and the carrying amount of the asset is higher than the carrying amount of the investees assets also leads to impairment of assets (Kpmg.com, 2010). Further whenever impairment happens of the entire CGU, then the impairment of the goodwill happens first to the entire amount. Therefore in case of goodwill impairment, proportionate basis is not applicable. It is also vital for the company to understand the concept of reversal of impairment as in the case of Goodwill impairment, reversal does not happen of the said asset (Ramanna Watts, 2012). Thus there may be situations wherein the assets once impaired in the past may be reversed. However the same is possible only if the scenario is such which indicates that there has been a change in the estimate of the carrying amount of the asset which is greater than the present carrying amount. But the reversal of the asset is possible only limited to the depreciated historical value of the asset which would have been if the asset was not impaired. Lastly the said standard also explains the disclosure requirements. They are as under: The company will have to disclose the amount recognized as impairment loss or the amount reversed in the profit and loss account and the comprehensive income as well. In case of segmental reporting the company will have to disclose the amount of impairment or its reversal in that particular segments income statement as well as comprehensive income statement. The factors or the various indicators which led to impairment. The methodology used for the calculation of the recoverable amount of the asset being impaired. Therefore, Longreach Ltd. should adhere to the said standard as it will help the investors to get a clearer view of the companys position as well as state the assets at its actual value and not at an inflated rate (Bond et.al , 2013). Therefore impairment enables the company to publish the true worth of the assets of the company. 2. As per AASB 136, Impairment of Assets, impairment of assets or a CGU of an entity takes place if there are adequate indications of such an impairment. Further to this all assets are not subject to impairment and the said exception is there as some of these are dealt with by the other accounting standards. Similarly, all the assets of Crossbow Limited is not subject to impairment. Inventory will not be impaired as it is discussed about in the other accounting standard and the brand Crossbow Shoes will also not be subject to impairment as the impairment of assets is being taken place due to the companys online buying strategy wherein the brand value is not hampered or affected. Further it is this brand value which has enabled the company to perform well. Thus apart from these two, all other assets i.e. land, shoe factory, machinery for manufacturing shoes and Goodwill on acquisition of competing companies are subject to impairment as per the standard. In the present case the recoverable amount of the land is known separately therefore a distinct accounting for impairment is to be done for land. As on 30 June 2015, the position of the company financially was $1680000. The estimated recoverable amount is $1420000. Therefore as per the formula the impairment amount is $1680000 - $1420000= $260000. But since the recoverable amount of the land is known separately i.e. $171000 therefore the impairment loss for land will be $200000 - $171000 = $29000. However we donot know the recoverable amount of the rest of the assets therefore as per the rule, goodwill should be impaired at first. Thereafter the rst of the assets will be impaired proportionately. The amount of impairment left after reducing the impairment for land is $260000 - $29000 = $231000. From this amount the entire goodwill of $40000 is impaired and then the remaining amount of $231000-$40000= $191000 is divided amongst the remaining assets i.e. factory and the machinery in the ratio of 7:4. Therefore the impairment loss for factory will be 7/11*191000= $121545 and that of machinery will be 4/11*191000 = $69455. The respective journal entries will be as under: Impairment of land Profit and Loss Account (loss on impairment) Dr...............$29000 To accumulated impairment loss (Land)...........................................$29000 Impairment of remaining assets Profit and Loss Account (loss on impairment) Dr.................$231000 To goodwill A/c.....................................................................................$40000 To accumulated impairment loss (Shoe Factory)A/c...........................$121545 To accumulated impairment loss (machinery) A/c................................$69455 References Australian Accounting Standards Board, (2009), Impairment of Assets- AASB 136, Available at https://www.aasb.gov.au/admin/file/content105/c9/AASB136_07-04_COMPjun09_01-10.pdf (Accessed 16th January 2017) Bond, D., Govendir, B., Wells, P., (2013), An evaluation of asset impairment decisions by Australian Firms and whether this was impacted by AASB 136, Available at https://www.uts.edu.au/sites/default/files/ACCDG_Aut15Sem_D.Bond_.pdf (Accessed 16th January 2017) Dagwell, R., Wines, G., Lambert, C., (2012), Corporate Accounting in Australia, Pearson: Australia Kpmg.com, (2010), Impairment Testing, Available at https://www.kpmg.com/AL/en/IssuesAndInsights/ArticlesPublications/Factsheet/Advisory/Documents/Impairment%20testing.pdf (Accessed 16th January 2017) Ramanna, K. Watts, R. (2012), Evidence on the use of unverifiable estimates in required goodwill impairment, Review of Accounting Studies, vol. 17, no. 4, pp. 749-80.