Goodwill for Impairment CLAUDIA Inc. has an internally generated goodwill and did not amortize or tested for impairment. They cannot amortize because measuring the components are complex and associating the costs incurred with future benefits are too difficult. Goodwill cannot generate cash flows independently and is made as a combination with other assets making up a business; it needs to be assigned to a reporting unit or cash-generating unit in order to test for impairment. Under ASPE‚ the impairment
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27‚ 1981 to develop a solar source of energy in the Philippines and yet after 7 years‚ it was to be terminated at the end of the year unless they could have a local group who will deal with the project commercially. III. POINT OF VIEW As for the case‚ the proponents view point will be coming from Mr. Antonio Co‚ since he is on top of the situated problem given. Mr. Co still is the overall in charge of the situation despite the fact that he appointed Bingo Dimalata to do the legwork for him and
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Alicia Coffindaffer April 11‚ 2013 Ch. 1 Case Problem C1 ACT110 I believe that the company should take some kind of action on the situation. Even though the company was at fault‚ Ken too should have done something rather than keep the checks that was sent to him. It is the right thing to do to return the sent checks instead of keeping something that he really did not earn. The company should talk to Ken about the checks and if he does not comply with the company‚ they have every right to take
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I. Brief Background of the Case August Scientific Instruments‚ Inc. (ASI‚ Inc.) is a small private company which specializes in the manufacturing of miniature electromechanical components. It is located on a small but progressive town wherein a Technical Education Institute is also based. At first‚ the company underwent several problems and setbacks and was able to grow steadily and expand its operations until in 1958; it was able to acquire additional investments‚ substantial monthly sales and
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forced businesses to remain flexible‚ adapting their operations to newer and better technological advances. Payroll system is the sum of all financial records of salaries for an employee‚ wages‚ bonuses and deductions. In accounting‚ payroll refers to the amount paid to employees for services they provided during a certain period of time. Because money was involved company convert their payroll into a computerized to provide accurate result and to finish the work in no time. The manager is not aware
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Payroll Processing Methods There are four payroll processing methods: It does not matter which payroll processing you use‚ the employer is responsible for ensuring that all calculations are done correctly and that third party remittances are made on time…..ignorance is not bliss when it comes to Revenue Canada and payroll’s responsibilities. The four methods are: Manual‚ Outsourced‚ Purchased software or In-house developed Software. Manual: Mainly used for small payrolls (under 20 employees)
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get output without any delay. The term ’payroll’ encompasses every employee of a company who receives a regular salary‚ wage or other bonuses and compensation. Some employees may be paid a steady salary while others are paid for hours worked or the number of items produced. All of these different payment methods are calculated by a Payroll Management System. In this project we are can also keep some personal information of that employee along with payroll calculation. This system helps organization
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known as the Production Possibility Frontier is simple to understand. It is a method used to represent (in the form of a graph) the point in which an economy is producing its goods and services with efficiency. It also shows whether the economy is allocating their resources in the best way possible. If the economy is not producing the quantities indicated by the PPF‚ resources are not being managed efficiently and the production will decrease. The production possibility frontier also shows that
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can talk solution about marketing and the concept of planning and strategy. At the time particularly Mevacor and Zocor hit the market‚ Lipitor just syinthesized by Warner-Lambert and it was still done animal testing or in the other words Lipitor is still developed become great statin in the world. To give alternative solution for the problem number one‚ Lipitor should understand about concept of planning and strategy and arrange suitable planning and strategy with the condition nowadays. Because the
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Post by Jawad Ahmad Riaz Telecommunications network is a combination of nodes and links which are arranged in a manner so that the message may pass from the one part of the network to the other by traveling over variable nodes. Essential Parts of the Network There are five basic segments of this type of network. These parts include terminals‚ channels‚ processors‚ computers and control softwares. The starting and ending point of the telecommunication networks is known as a network terminal
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