Asset Essays & Research Papers

Strategic Asset Management Plan 2006 - 2011 Prepared by Director, Asset Management Services Approved by University Council 18 November 2005 Version 1.2 November 2005 University of Tasmania –Strategic Asset Management Plan 2006-11 Table of Contents Executive Summary 3 1 Introduction 5 1.1 Purpose of the Strategic Asset Management Plan ................................................... 5 1.2 Background...

 TRUE-FALSE—Conceptual 1. Intangible assets derive their value from the right (claim) to receive cash in the future. 2. All research phase and development phase costs are expensed as incurred. 3. Research phase costs are capitalized as an intangible asset once economic viability. 4. Companies are required to assess the estimated useful life and salvage value of intangible assets at least annually. 5. Impairment testing is conducted annually for both...

 Table of Contents I. II. III. Executive Summary IV. V. Write this last so that you can summarize the most important points from your business plan. VI. Provide a concise but positive description of your company, including objectives and accomplishments. For example, if your company is established, consider describing what it set out to do, how it has accomplished goals to date, and what lies ahead. If new, summarize what you intend to do, how and when you intend to do it, and...

Substantive Procedures for Asset Irregularities Student Name ACC 556 September 17, 2012 Instructor Name Introduction The following will outline the procedures and steps necessary to detect irregularities that can occur in the accounts receivable, inventory and fixed assets of Apollo Shoes. The flowcharts will show how the use of internal controls is integral to the overall success of the organization. In the accounts receivable, the sales and billing processes are an area that would...

ASSETS & LIABILITIES Asset is an item of value owned by the company. Assets can be tangible i.e. those which have some physical existence or can be intangible i.e. which do not exist in physical form but can be held in the form of contracts or rights. Assets are usually grouped in order of liquidity (ease of conversion to cash) on the balance sheet. Cash is therefore the most liquid of all assets. Assets can be classified as: 1.) Current Assets – Those assets that are expected to be converted...

CHAPTER ONE THE PROBLEM AND ITS SETTING 1.0 INTRODUCTION Asset management is a concept that companies use to ascertain the value of their assets. It provides a quick measure of the worthiness of the organization and so becomes easier for organizations to prepare their final accounts as they are able to quickly estimate the value of their assets. Well managed organizations are required to perform regular fixed asset audits. Tracking and managing corporate assets and equipment is a challenge to...

A practical guide to accounting for agricultural assets November 2009 PricewaterhouseCoopers’ IFRS and corporate governance publications and tools 2009 IFRS technical publications Manual of accounting – IFRS 2010 Global guide to IFRS providing comprehensive practical guidance on how to prepare financial statements in accordance with IFRS. Includes hundreds of worked examples and extracts from company reports. The Manual is a three-volume set comprising: • Manual of accounting –...

We can only imagine next generation of business if we can find the importance and growing of the Intangible assets in industry. The tremendous growth and the level of critical data, documents (either by email, fax, data transfer, cloud, or any channel of communication) and knowledge are the major area and by protecting them, we can get sustainable competitive advantage. For any organization its major concern that intellectual’ assets are well marked as per there risk level and properly managed....

On just about any company's balance sheet, somewhere between the 'Current Assets' and 'Current Liabilities' sections is a collection of long-lived, revenue-producing assets broken up into two categories - 'Property, Plant, and Equipment' (PP&E) and 'Intangible Assets'. PP&E often contains such non-current assets as land and buildings, motor vehicles, office equipment, computers, and plant and machinery. Intangible Assets is a much broader category including anything from copyrights and patents...

Accounting for Fixed Assets Accounting for Fixed Assets Second Edition Raymond H. Peterson John Wiley & Sons, Inc. Copyright © 2002 by John Wiley and Sons, Inc., New York. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without...

ABSTRACT The purpose of this study is to examine several issues when dealing with intangible assets. By means secondary research, relevant evidence from many sources was selected, evaluated and organized into three main points, which are research and development cost, brand valuation and the risk of intangible asset in financial statement in relation with market and book value. The evidence includes statistical data and expert opinion. The research results that intangible assets give a...

Assets 2 (Intangible Assets) Based on Week 4 Due Week 5 (due 25th March) NOTE: Provide references for your answers and quote where you have written something that is word-for-word from a source Textbook Questions (15 marks): Challenging Question 29 (5 marks) Inglis Ltd has a number of taxi licences that are shown in the financial statements at cost. Can these licences be revalued to fair value and, if so, do they also need to be subject to periodic amortisation? Yes, if these taxi...

Current Assets vs. Non Current Assets Current assets are listed on the balance sheets in accounting. The total of all the cash that you have in your business or account is your current assets on your balance sheet. These assets include the following: cash, accounts receivables,, inventory, marketable securities, prepaid expenses, and anything else that you can think of that could be convert to cash in less than a year. When a company goes bankrupt the assets of a company are important because...

Resource: Virtual Organizations Click the Virtual Organization link on the student website to access the Virtual Organizations. Select one of the Virtual Organizations as the basis for the assignment. - lets decide on this soon since Ms. Angela has to approve this selection. Obtain faculty approval of your selected organization before beginning the assignment. Access the information contained in your selected organization’s balance sheet and income statement to calculate the...

The value of intangible assets can be much more variable than tangible assets. This variability increases the likelihood of a discrepancy between book and market values. Learn about how investors deal with the differences between the book and market values of tangible and intangible assets. Tangible vs. Intangible Assets Financial statements are historical documents that show what a company was worth at one point in time. Because of standard accounting practices, an asset must be...

Fixed Assets Already Owned List below assets you already own that you expect to use in your business. This list is important for several reasons: • To identify the assets that are available for use that do not have to be purchased. • To develop your business financial statement if you are planning a business expansion rather than a start-up. • To develop information for the Personal Financial Statement. • To develop the information you will use to show your...

Menu Part I 1 Calculation of overall Macaulay Duration for 1 Calculation of Duration Gap for the bank 1 Scenario Analysis 2 Estimation of magnitude of interest rate increase 3 Part II 4 Market price (in US$) of the three T-notes/bonds 4 Macaulay Duration values of the three T-notes/Bonds 4 Convexity values of the three T-bonds 5 Part III 7 Maximum Amount of Investment 7 Investment Selection 7...

In March of 1995 the Financial Accounting Standards Board issued Statement No. 121 "Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to Be Disposed Of". The statement established accounting standards for the impairment of long-lived assets, certain identifiable intangibles, and goodwill related to those assets to be held and used. The statement also established accounting standards for the disposal of long-lived assets and certain identifiable intangibles....

Running head: Current and Non-Current Assets Current and Non-Current Assets University of Phoenix ACC400 Debra Latimore Introduction Starting a business calls for the acquisition of assets which help the business in its growing process. Assets are material or non-material resources of value owned or controlled by the company which was acquired at a measurable cost (Solution Matrix, 2004). There are two main specific types of assets: current assets and non-current assets, both of...

Current and noncurrent assets There are two main categories that assets can fall in, and those are current assets and noncurrent assets. Assets are valuables such as cash, inventory, trademarks, and property. Current and noncurrent assets differ from one another in several ways. The main difference among current assets and noncurrent assets is the time it takes for them to liquidate when needed. The order of liquidity is presented on the balance sheet in the order of the amount of time it...

The Importance of Intangible Assets Evaluation of Transitional Issues from a Canadian Standpoint Contents Topic Page 1. Executive Summary 3 2. Report I. The Trade-off Between Relevance and Reliability 4 II. "Nothings" are Something to Consider 5 III. Current Practice in Canada 5 IV. The Challenge of Valuation 6 V. Analysis of Potential Improvements to Canadian Standards 7 • Issue One - Valuation  Valuation and...

Long-Lived Assets Long-term assets are defined as resources with economic lives of more than a year that a business possesses and uses in generating revenue. The cost of long-term assets is recognized as an expense in the accounting periods in which the assets are used. The cost of all Long-Lived Assets that decline in value will through use and/or the passage of time will have their cost allocated to the periods that receive benefit. So, if a piece of machinery is expected to have an...

Goodwill can be termed as the present value of expected future income in excess of a normal return on the investment in tangible assets, or, for the excess of price paid for a business as a whole over the book value, or, over the computed or agreed value of all tangible net assets purchased. Characteristics of goodwill: The characteristics of goodwill emerge as mentioned below: 1. It is an intangible asset but not a fictitious asset; 2. It cannot have an existence separate from the...

 Substantive Procedures - Asset Irregularities ACC/556 November 24, 2014 Introduction This next phase of the auditing process for Apollo Shoes Inc. (Apollo) is the designing of an audit program, which will detail substantive procedures for detecting irregularities in the accounts receivable, inventory, and fixed assets audit cycles. Fixed Assets Apollo’s irregularities in fixed assets, has caused concern for substantive procedures to be designed to audit this cycle. The most common...

Current Asset Management Profitability and liquidity are the two ultimate twin goals of any firm. But these two often give rise to conflicts since liquid assets give the lowest returns. If firms don’t care about profit, they can’t endure for a longer period. Likewise, if they don’t care about liquidity, they may face insolvency or worse, bankruptcy. Thus, there must be a trade off between the two objectives. For these reasons, working capital management which involves the relationship between...

Intangible Assets: An intangible asset, despite not having a physical form to it, has great value to a company and is to be disclosed in the financial reports. Some companies only disclose the brand and goodwill as their only intangible assets, while others include more such as software and the company trademarks (Loftus et al. 2012). The Accounting Standard AASB 138 advises businesses on the accounting treatment of these intangible assets, but only if the specific criteria have been met for...

ADVANCED FINANCIAL ACCOUNTING 260 INTANGIBLE ASSETS QUIZ QUESTIONS 1. List two assets which would not meet the ‘identifiable’ aspect of the definition of an intangible asset. (2 Marks) Goodwill Customer loyalty 2. Intangible assets acquired via a separate acquisition are always recognised. Why? (2 Marks) The price an entity pays to acquire an intangible asset will reflect expectations about future economic benefits of the will flow to the company. This meets the probability test to...

ASSET PURCHASE AGREEMENT THIS ASSET PURCHASE AGREEMENT (the “Agreement”), dated as of March 2, 2012, is made by and between Sam Mama Café LLC, a New York limited liability company (“Buyer) and Big Zany Corp., a New York corporation (“Seller”). WHEREAS, Seller owns a bar/restaurant business located at 62 Court Street, Brooklyn, NY 11201 (the “Business”); WHEREAS, Seller intends to sell the assets of the Business to Buyer; and WHEREAS, Buyer intends to purchase the assets from...

Difference between Goods and Assets An economic good is a physical object or service that has value to people and can be sold for a non-negative price in the marketplace.[i] An asset is a resource controlled by the enterprise as a result of past events and from which future economic benefits are expected to flow to the enterprise.[ii] “Assets” is a much broader term in macroeconomics and accounting compared to goods. Assets include different items like fixed assets, current assets...

Asset efficiency ratio Asset efficiency ratios measure the efficiency with which an entity manage its current and non-current investments, and converts its investments decisions into sales dollars. There is a continuously increasing trend of asset turnover ratio for company alpha since 2009, from 3.77 times to 4.41 times. In comparison with company alpha, company beta shows a relatively slow increasing pattern from 0.90 times to 1.18 times. By contrast, it indicates that although both...

TABLE OF CONTENTS Abstract 2 Introduction 2 Business description and main activities 3 Harvey Norman Resources 5 Tangible Resources 5 Profit from continuing and discontinued operations 6 Profit from property 6 Sales at franchises 7 Sales at company-owned stores 8 Intangible Resources 8 Computer software and licence property 8 Goodwill 9 Harvey Norman Invisible Balance Sheet 10 Internal Capital 11 External Capital 13 Individual Competence 14 Recommendations 15...

Compiled AASB Standard AASB 138 Intangible Assets This compiled Standard applies to annual reporting periods beginning on or after 1 July 2009. Early application is permitted. It incorporates relevant amendments made up to and including 25 June 2009. Prepared on 30 October 2009 by the staff of the Australian Accounting Standards Board. AASB 138-compiled 2 COPYRIGHT Obtaining Copies of Accounting Standards Compiled versions of Standards, original Standards and amending Standards (see...

 Current and Non-Current Assets ACC/400 November 13, 2013 Current and Non-current Assets Current assets are usually cash or other resources that can be converted into cash easily and used up or liquidated within one year of a company operating cycle. Current assets are considered short term and include cash on hand, cash in a bank account, current debts. Current assets are items listed on the balance sheet in the order of liquidity which include cash, temporary...

Asset Reconstruction Company Executive Summary Purpose and Scope The Year long Project aimed at examining the Asset Reconstruction Company with respect to: • NPA problem in India • Asset Reconstruction Companies (ARCs) - their meaning, models, global experience and the scene in India • The perspective of bankers, ARCs and consultants on the Indian structure and • The ways and models to form a successful ARC Methodology The information...

NON PERFORMING ASSETS(NPA) WHAT IS A NPA (NON PERFORMING ASSET) Non Performing Asset means an asset or account of borrower, which has been classified by a bank or financial institution as sub-standard, doubtful or loss asset, in accordance with the directions or guidelines relating to asset classification issued by RBI. Non-performing asset (NPA) shell be a loan or an advance where; i. interest and /or installment of principal remain overdue for a period of more than 90 days in respect...

1 . FASB Accounting Standards Codification (FASC) This section deals with certain general background considerations and information related to the FASC and the answers can be found by clicking the “About the Codification” and “Notice to Constituents” sections on the FASC Welcome Page. This section is a good general source of information about the FASC and should be reviewed prior to starting to answer the specific questions set forth in all sections. The related research questions that you...

ECONOMIC AND ACCOUNTING ASSETS Assets are the resources of a business organization that were acquired in a market transaction and that will provide future economic benefits to the organization. It is important to understand the distinction between assets that are recorded and those that are not. The definition of assets above reflects two criteria: they (1) were acquired in a market transaction, and (2) will provide future economic benefits to the corporation. Accountants typically rely...

ADVANCED FINANCIAL ACCOUNTING 260 INTANGIBLE ASSETS QUIZ QUESTIONS 1. List two assets which would not meet the ‘identifiable’ aspect of the definition of an intangible asset. (2 Marks) Answer: Goodwill and Knowledge. These items are either not separable from the company or do not meet the definition of an asset because the benefits they represent cannot be controlled by the entity. 2. Intangible assets acquired via a separate acquisition are always recognised. Why? (2 Marks) The...

ADVANCED FINANCIAL ACCOUNTING 260 INTANGIBLE ASSETS QUIZ QUESTIONS 1. List two assets which would not meet the ‘identifiable’ aspect of the definition of an intangible asset. (2 Marks) 2. Intangible assets acquired via a separate acquisition are always recognised. Why? (2 Marks) 3. How is an intangible asset acquired as part of a business combination measured for initial recognition? Why? (2 Marks) 4. List two ways that fair value could be determined for intangible assets acquired as...

A STUDY ON ASSET LIABILITY MANAGEMENT IN BANKS ABSTRACT: In banking, ASSET AND LIABILITY MANAGEMENT (often abbreviated ALM) is the practice of managing risks that arise due to mismatches between the assets and liabilities (debts and assets) of the bank. This can also be seen in insurance. Asset liability management (ALM) is a strategic management tool to manage interest rate risk and liquidity risk faced by banks, other financial services companies and corporations. Asset-liability...

Income tax 1. 判断是否是澳洲residence 1. Individual (1). Resides test Leading case: Miller v FCT,. The determination of tax residency rests on a question of fact and degree. A. 考虑的因素: a. Physical presence in Australia; it is necessary that the taxpayer spends at least some time physically present in Australia during the year of income to be considered a resident under this test. b. If the person is a visitor, the frequency, regularity and duration of visit. IRC v Lysaght, p86....

In recent years there have been attempts to place a value on the "human assets" of a business with a view to determine an amount to be included on the balance sheet. Do you think people should be treated as assets? Would "human assets" meet the conventional definition of an asset for inclusion on the balance sheet? Explain your responses and provide examples for support. An asset is deemed as “essentially a business resources that has certain characteristics.” (Atrill et al pg. 80) The main...

According to the Accounting Standards Board (UK, 2006), a heritage asset was defined as ‘an asset with historic, artistic, scientific, technological, geophysical or environmental qualities that is held and maintained principally for its contribution to knowledge and culture and this purpose is central to the objectives of the entity holding it’. It also has been defined by Canadian Institute of Chartered Accountants (1989) as ‘fixed assets that a government intends to preserve...

CHAPTER - 6 PA – NPA ANALYSIS AND INTERPRETATION OF DATA OF SELECTED UCBS TEKAN TOGETHER 6.1 6.2 6.3 6.4 6.5 Introduction Concept Of NPA And Its Importance In Banking Sector Common - Size Analysis Of The Selected UCBs Common – Size Analysis Of PA And NPAs Of The Selected UCBs Taken Together Ratio Analysis Of The Selected UCBs Taken Together 6.5.1 6.5.2 6.5.3 6.5.4 6.5.5 6.5.6 6.5.7 6.5.8 6.5.9 6.6 Gross NPA ratio Net NPA ratio Problem Assets ratio Depositors‟ Safety ratio Share Holders Risk...

CHAPTER 6 ASSET-LIABILITY MANAGEMENT: DETERMINING AND MEASURING INTEREST RATES AND CONTROLLING INTEREST-SENSITIVE AND DURATION GAPS Goals of This Chapter: The purpose of this chapter is to explore the options bankers have today for dealing with risk – especially the risk of loss due to changing interest rates – and to see how a bank’s management can coordinate the management of its assets with the management of its liabilities in order to achieve the institution’s goals. Key Topic In This...

The annual reports published by the company consists of the balance sheet and other connected returns. The balance sheet consists of liabilities and assets. The concept of current assets includes the following: Investment in shares and advances to other firms and public companies not connected with the business of the borrowing firm are excluded from current assets. The dead inventory i.e. slow moving or obsolete items should not be classified as current assets; The amount representing inter...

www.mbainfoline.com Source: E-mail dt. 26 August 2011 A Study on Asset and Liability Management in Salem Co-operative Bank Mrs. S.Sreekala Research Scholar PSG College of Technology, Coimbatore - 641 004. Dr. V. Santhi Professor, Department of Humanities, PSG College of Technology, Coimbatore - 641 004. INTRODUCTION ASSET AND LIABILITY MANAGEMENT The Asset and liability management includes all deposits and advances, maturity of deposits and incremental assets and...

AUDIT OF FIXED ASSETS INTRODUCTION * Fixed assets, also known as a non-current asset or as property, plant, and equipment , is a term used in accounting for assets and property that cannot easily be converted into cash. * An unbiased examination and evaluation of the financial statements of an organization. It can be done internally or externally. * Auditing fixed assets is extremely important to ensure that accounting for capital assets and depreciation is in compliance with...

Alabama State University College of Business Administration ACT 532 Advanced Fund Accounting Exam III November 20, 2012 1) Governments must report nonspendable fund balance in a governmental fund's balance sheet for A) Inventory. B) Prepaid assets. C) Land. D) All of the above. E) Items A and B only. Answer: 2) The following benefits are examples of other postemployment benefits (OPEB) except for A) Health care insurance. B) Pension benefits. C) Vision insurance. D) Life...

Finance 435 Take-Home Final – Spring 2009 1. The Miller & Modigliani financial theory stipulates, in part, that an increase in leverage enhances the value of a firm, even though the levered beta is higher than the unlevered beta. The theory works because of the so-called “tax shield” effects of bond interest. But, M & M assumes default-risk-free debt. Therefore, M & M holds only if the firm’s pretax cost of debt remains low due to favorable bond or credit rating. a. True...

MANAGING CORE RISKS OF FINANCIAL INSTITUTIONS ASSET LIABILITY MANAGEMENT Industry Best Practices 14 July 2005 BANGLADESH BANK Focus Group Members Asset Liability Management Name Team Co-ordinator Sudhir Chandra Das Arif Khan Asad Khan Jadab Malakar Team Members Nehal Ahmed S. H. Aslam Habib Tapan K. Podder Designation DGM GM MD (Designate) Head of Finance & Company Secretary SVP & Company Secretary Head of Finance & Resources and Company Secretary MD Organization...

 Jessica Porter Ratio Analysis of Current Liabilities 10/25/2014 Sherri Walls Net Property, Plant, and Equipment 2013 110.97B 2012 109.77B Property, Plant and Equipment Accounting Policy Property, Plant and Equipment Property, plant and equipment is stated at cost, except for assets acquired using acquisition accounting, which are initially recorded at fair value. The balance as of December 31, 2013, excluded amounts classified as held for sale. The...

Chapter 16 1. Sheila inherited 300 shares of stock, 100 shares of magenta and 200 shares of purple. She has a stockbroker sell the shares for her, use the proceeds for personal expenses, and thinks nothing further about her transactions. What issues does she face when she prepares her Federal income tax return? Sheila needs to treat the sale of her shares as a capital gain because she had the stock for investment purposes, and not as inventory (Hoffman, 2013, p 16-6--16-7). 3. Alison owns a...

A non-performing asset (NPA) is defined as a credit facility in respect of which the interest or instalment of principal has remained ‘past due’ for a specified period of time. It is debt obligation where the borrower has not paid any previously agreed upon interest and principal repayments to the designated lender for an extended period of time. The nonperforming asset is therefore not yielding any income to the lender in the form of principal and interest payments. It also includes the real...

5 Asset and Liability Management (ALM) 29. There are different organizational and governance models that guide the management of bank asset and liability activities. The models reflect fundamentally different risk philosophies that tend to evolve with the growing sophistication and depth of financial markets together with the position and activities undertaken by a bank in the market. The terms ‘ALM unit’ and ‘treasury unit’, can be confusing as they are often used by organizations who...

Classification of Assets: 1) Fixed Assets : A long term tangible assets held for business use and not expected to be converted to cash in the current or upcoming fiscal year such as manufacturing equipments also called plants. 2) Current Assets : Current assets are those assets which are held for sale or to be converted into cash after some time. 3) Contingent Assets: A contingent asset is one which comes into existence upon the happening of a certain event. If that event happens the asset...

CHAPTER – 1 INTRODUCTION It is generally accepted that risk is a fact of life and hence firms have to account for risk when making decisions on output levels or prices. This is particularly true for the banking industry. Since banks are traditionally in the business of issuing loans and taking deposits they are in contrast to normal firms exposed to a number of very special risks. In this regard credit risk i.e. the risk of borrower default and the risk of changes of market prices for...

According to the accounting practice in business, companies will always be levied by the federal through the income tax payable that will become the company’s income tax expense when it is paid. The tax net includes the personal profit, business income, and the capital gain. Referring to Australian Accounting Standard Board (AASB) 112, the income tax expense (income) is not merely equal to current tax liability (asset), but also the function of the deferred tax liabilities and assets (Leo,...

ABSTRACT The project entitled is “A STUDY ON NON PERFORMING ASSETS IN INDIAN OVERSEAS BANK WITH REFERENCE TO KODAMBAKKAM BRANCH”. The research study was done on the problems of credit risk faced by the Indian Overseas Bank after lending loans to the customers. The main objective of the study is to find out the level of Non Performing Assets, which affects the performance of bank pertaining to kodambakkam branch. The study also goes on in examining the recovery procedure that are...

TABLE OF CONTENTS 1) Introduction 2) Plant Assets 3) Cost Subsequent to Acquisition 4) Valuation 5) Disposal of Plant Assets 6) Intangible Assets 7) Financial Reporting for Plant Assets 8) Conclusion 9) Bibliography and References 1) Introduction This paper includes, to the best of my knowledge and research, information pertaining the acquisition and disposal of plant assets. This includes terms, examples, descriptions and general accepted accounting principles necessary...

All businesses need cash to survive • Cash is needed to: – Invest in fixed assets – Pay suppliers and employees – Fund overheads and other fixed costs – Pay tax due to the Government Managing working capital effectively is, therefore, a vital part of making sure the business has enough cash to continue INTRODUCTION Managing Current Assets and Liabilities is nothing new to us. We practice it everyday without us notice it. Let us assume you want to reward your self by buying a new car....

CHAPTER 5 REVENUES AND MONETARY ASSETS Chapter 5 is about Revenue Recognition and Monetary Assets. There are different criteria used in recognizing revenue depending on the standards the company is using. In general, revenues should be recognized when an entity has significantly performed what is required in the agreement, full ownership of goods is transferred, and services are rendered. The Securities and Exchange Commission (SEC) have identified fraudulent cases where the...

Current and Non-current Assets Without assets, businesses could not function. In order to show how much a business owns assets are used in accounting to clearly define the positive side of a balance sheet. Current and non-current assets are not only cash, but also monies which will turn into cash in the future. This includes receivables, properties, work in progress and buildings. This paper will define current and non-current assets, differentiate between the two, the order of liquidity and...

[pic] Assignment #3 Principles of Microeconomics Spring, 2011 Due Date: March 16th, 2011 Lecturer: juwang Answer All Questions 1. The following questions refer to graphs A and B below. In the graphs, Qf represents full-employment output and Qu1 and Qu2 represent less-than-full-employment levels of output. ( 3 Marks) (a) Which of the two graphs best illustrates the Keynesian view of the macroeconomy, and which best illustrates the classical view? Explain. (b) When demand...

Current and Noncurrent Assets Current Assets A current asset is an asset such as cash, receivables, or inventory that can be converted into cash, consumed, or sold within a year’s time or a normal operating business cycle. These assets are listed on a company’s balance sheet as cash, unexpired insurance, accounts receivable, supplies, etc. and are expect to leave the balance sheet in the near future. Current assets get used up quickly and are used to pay current liabilities. Current assets are...

1.Executive Summary Wonderland Cupcakes aims to give cupcakes a whole new dimension. Located in Beirut, it will be a unique bakery for its creative custom-made cupcakes and its relationship with its customers. Whether it's an extravagant wedding, or a fun birthday cupcake, we like to talk to our customers and get a feel for what they want. Our mission is to create a unique bakery where customers tell their stories and watch their stories turn into cupcakes. We are sensitive to each and...

 Current and Noncurrent Assets The balance sheet is actually a useful tool for companies. The balance sheet offers a rapid view at the financial position of the organization. The balance sheet shows the assets, debts, and equity of the business. More valuable, the balance sheet shows the existing assets of the organization, the noncurrent assets, and the order of liquidity. These 3 elements display interested parties the short-term...

Write a 200- to 300-word response explaining what information would be found in each of the following groupings on a classified balance sheet and how that data might indicate the future success or failure of a business:  Current assets  Long-term investments  Property, plant, and equipment  Intangible assets Current assets on a balance sheet have components that include cash and cash equivalents, accounts receivable, and inventories. These usually can be converted into cash quicker...

Company value mean the amount of money is worth. How is the worth detected? And how you figure out how much a company is worth? One way is to add up all its asset (equipment, cash, stock, acc receivable,etc). But that is not necessary what the company is worth, you can have inventory/stock and other asset that have a book value of $2mil but perhaps no one who want to pay that much to them, so the test of value is how much a buyer will pay and how much someone will pay is largely dependent by...

TITLE PAGE COMPUTERIZED ASSET MANAGEMENT SYSTEM (A Generic Case Study) BY DEPARTMENT OF COMPUTER SCIENCE IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF NATIONAL DIPLOMA IN COMPUTER SCIENCE AUGUST 2008 CERTIFICATION This is to certify that this project being an original work was undertaken by --------------------------------------- ---------------------------- Project Supervisor Date ---------------------------------------...

Kmart Inc. and Builders Square Case 1. What happens if Kmart's managers decide NOT to accept the Leonard Green offer? If Kmarts managers decide not to accept the offer they become limited in their options: ● They can continue to wait for a better bid, but they have struggled to get any one interested in their company as it is. If they decide to turn down Green, but end up not securing another buyer, they would be forced to return to Green who could offer a much lower bid because...

Tangible and Intangible Assets Jennifer Geolfos July 19, 2012 ACC291 Mary Larsen Tangible and Intangible Assets Tangible and intangible assets include everything listed under total assets on the balance sheet. “Assets consist of resources a business owns,” (Kimmel, Weygandt, & Kieso, 2010, p. 12). Tangible assets would include land, land improvements, buildings, and equipment. These types of asset would be classified as fixed assets. “Intangible assets are rights, privileges, and...

1. What is Brazos’ investment strategy? Does it seem well suited for its position as a first-time fund? How do you assess the merits of the GTT transaction? Brazos’ investment strategy emphasizes buyouts of mid-size companies that show predictable cash flows, have good management teams in place, have well-developed niche markets, and are located in Texas and the Southwest. This strategy suits its position as a first-time fund because this geographic area is underserved by LBO firms....

Accounting for public heritage facilities – assets or liabilities of the government? The Authors Allan D. Barton, Department of Commerce, Faculty of Economics and Commerce, Australian National University, Canberra, Australia Acknowledgements The author wishes to thank three anonymous referees for their constructive comments on earlier drafts of the paper. Abstract Public heritage facilities – national parks, art galleries, museums and so on – are now required by professional...

Asset-Liability Management “Asset-Liability Management (ALM) can be defined as the ongoing process of formulating, implementing, monitoring and revising strategies related to assets and liabilities to achieve an organization's financial objectives, given the organization's risk tolerances and other constraints”[1]. ALM also is known as balance sheet management. In banking activity the gap between assets and liabilities can bring some consequences where the following risks are arose....

The Company Logo—an asset or expense? As the title of this essay suggests, it must first be decided whether the company symbol or logo should be recognized as an asset or an expense. An asset is defined as something of value, such as cash, equipment, inventory, or buildings, while expense is defined as something that has a negative effect on the value of the practice, such as accounts payable. The simple question that needs to be answered is “Does the company logo contributes to or takes away...

Fixed Asset System Policy 501.19 Contents [hide] 1 Introduction 1.1 Function 2 Scope 2.1 Responsibility 3 Definitions 3.1 Fixed or Capital Assets 4 Policy and Procedure Statements 4.1 New Equipment 4.2 Use of Assets 4.3 Safeguarding Assets 4.4 Yearly Inventory 4.5 Significant Change of Events 4.6 Separation of Duties 4.7 Depreciation 4.8 Fixed Asset 4.8.1...

Exam 03-Q5 Question 5 “Financial accounting is compulsory for companies. Therefore it must be the only type of accounting that managers need.” You are required to: Discuss the above statement and provide examples to support your points of view. (25 marks) Financial accounting is the field of accountancy concerned with the preparation of financial statements for decision makers, such as stockholders, suppliers, owners and other stakeholders. The fundamental need for financial...

P1 revaluation model The revaluation model is an alternative to the cost model for the periodic valuation and reporting of long-lived assets. IFRS permit the use of either the revaluation model or the cost model, while under GAAP; only the cost model is permitted. Revaluation model changes the carrying amount to fair value. But the assumption is the fair value can be measured reliably. P2 revaluation model& cost model A key difference between the two models is that the cost model...

Executive summary We are pleased to submit hereby the report of “Coca-Cola Co. financial analysis” for your kind evaluation. This study represents evaluation, analysis and comparison of Coca-Cola Co financial position including summary and recommendations. We try to provide all necessary information that allows making financial management decision or investment decision. To make this we had to learn structure, activity and financial statements of chosen company....

Net Assets Value per Units Continue Assets 1- Cash:- A- Cash in Bank. (Bank Statement from Bank All Accounts KD-USD-EURO-YEN ) . B- Cash on hand. (Any Amount takes Management Fund Real Estate Maintenance Expenses in the Building). C- Unclear Cheques. (Any Check Not Respond By Bank). 1-Total Cash 2- Investment:- A- Investment in Real Estate. (Cost Building +...

This memo is to assess the establishment of valuation allowance for Deferred Tax Assets. I also explain the current sources of deferred tax for Packer, Inc. Applying GAAP, I will advise not using a valuation allowance of 60% of deferred tax assets. I. Sources of deferred taxes Deferred tax liabilities A deferred tax liability is recognized for temporary differences that will result in taxable amounts in future years. In Packer, Inc’s case, depreciation has been recognized as deferred tax...

All About Staffing I. Nature of Staffing Staffing is an organization-wide function, comparable to other functions such as marketing, focused on solving problems and adding value with a company's human, social, and intellectual capital. Staffing includes attracting and hiring talented people, as well as developing, appraising, and rewarding them through performance management and training programs. Staffing has a heavy legal emphasis, since employment and labor laws significantly impact...

ACCOUNTING FOR INTANGIBLE ASSETS “WHY NOT ELIMINATE GOODWILL?” INTRODUCTION The Balance Sheet is one of the financial statements necessary to help different kinds of individuals – owners of enterprises, management of companies, analysts, creditors, inventors in making business decisions. It is a statement that tells about the financial position of the company. It encompasses the three main elements of the accounting equation – the assets, the liabilities and owner’s equity. The assets...

Final Exam 1. During a recession, unemployment ________ while inflation A. falls; falls. B. rises; falls. C. rises; rises. D. falls; rises. 2. Student A says that customer satisfaction is a mark of a world-class business. Student B says that proactive ethics is a mark of a world-class business. Which student is correct? A. Both B. Student A only C. Neither D. Student B only 3. Which of the following represents the basic accounting equation? A. Owners' Equity − Liabilities = Assets B....

Intangible Assets as a Source of Competitive Advantage Look No Further Managing Intangibles seems to be a smart idea. But to bet on it, one has to create a whole new organization. The concept of intangibles is not new, but across the globe, companies are slowly coming to grips with it. tury back physical, tangible assets created wealth; today, it’s intangible assets that are creating wealth. It’s a concept that packs a lot of punch but has no form as such. It questions capitalism for its...

Classification of Assets and Liabilities in a Balance Sheet We all know that Balance sheet tells us the financial position of a business at a particular point of time. The accounting equation i.e. Assets = Liabilities + Capital forms lays the foundation for the preparation of Balance Sheet. Everything that the business owns are its assets. Alternatively, whatever amounts a business owes to outsiders become its liabilities. First let us see how these assets are to be classified....

What is meant be the term “intangible asset?” Intangible assets are defined as identifiable non-monetary assets that cannot not be seen, touched or physically measured, which are created through time and/or effort and that are identifiable as a separate asset. Corporate intellectual property (items such as patents, trademarks, copyrights, business methodologies), goodwill and brand recognition are all common intangible assets in today’s marketplace. Intangible assets have 3 critical...

FRS 15 ‘Tangible fixed assets‘ FRS 15 was issued in February 1999 and sets out the principles of accounting for tangible fixed assets, with the exception of investment properties. The objective of the FRS is to ensure that tangible fixed assets are accounted for on a consistent basis. Fixed assets are held in our company for the profit of their use not from their resale. Tangible fixed assets should be capitalized when they are ready for use, which means when its physical completion is...

Islamic Economic Studies Vol. 4, No. 2, May 1997 THE USE OF ASSETS IJARA BONDS FOR BRIDGING THE BUDGET GAP MONZER KAHF* A shari‘ah compatible fixed-return financial instrument is needed in an Islamic economy. This paper explores the potential of ijara (renting)-based financial instruments to meet this need. The paper proposes ijara-bonds as marketable Islamic financial instruments for resource mobilization in the public sector as well as an instrument for monetary policy. Private...

Position Paper “Should employees be characterized as human assets?” Arthur Lok Jack GSB Student Name: Mahalia Jackson Student ID No.: 98708970 HRNM 6310: HR Management Information Systems 2012/2013 Trimester II Feb. 2013 (Dilbert by Scott Adams 1995) Introduction “Our employees are our greatest asset”, is one of the statements that are commonly made by CEOs in organizations almost on a daily basis. Of course this is a true statement, as it is only through people, employees,...

HNWI Asset Allocation in Argentina 2014 Published on 04th April 2014 Summary This report provides the latest asset allocations of Argentina HNWIs across 13 asset classes. The report also includes projections of the volume, wealth and asset allocations of Argentina HNWIs to 2018 and a comprehensive and robust background of the local economy. Scope Independent market sizing of Argentina HNWIs across five wealth bands HNWI volume and wealth trends from 2009 to 2013 HNWI volume and wealth...

Net Tangible Asset Net tangible asset is the underlying value of a company. It is also known as “net asset value” or “book value”. For instance, land, equipment, cash, accounts receivable, machinery, plant and property are the most common example for the tangible assets. The value of all of these assets except for land will be depreciated. However, net tangible asset is not the value that can be dictated by the supply and demand of shares or its market capitalization. Moreover, net tangible...

Equity and equity based financial assets What is equity? Equity is ownership interest in a corporation in the form of common stock or preferred stock. It is also total assets minus total liabilities; here also called shareholder's equity or net worth or book value. In real estate: it is the difference between what a property is worth and what the owner owes against that property (i.e. the difference between the house value and the remaining mortgage or loan payments on a house). What is a...

The fixed asset register is an accounting method used by businesses to identify the major resources they hold. Lindsey Lester explains what it is and how it should be used The reporting of fixed assets should comply with Financial Reporting Standard 15 (FRS 15). The aim of this reporting standard is to ensure that tangible fixed assets are accounted for on a consistent basis. It sets out the principles in making a decision as to whether a tangible fixed asset is stated at cost on a financial...

Evaluating Financial Performance Finance Financial Performance • One of the most fundamental facts about businesses is that the operating performance of the firm shapes its financial structure. • It is also true that the financial situation of the firm can also determine its operating performance. • The financial statements are therefore important diagnostic tools for the informed manager. – To keep the discussion grounded, we will use the 1997-98 financial statement for the Timberland...