incurred beyond the Research and Development stage can be capitalized when it is pertaining to the development of software that is to be sold‚ leased‚ or otherwise marketed to third parties. Standard 985-330-25-1 applies to these costs as the FASB ASC defines the Product Masters as "a completed version‚ ready for copying‚ of the computer software product‚ the documentation‚ and the training materials that are to be sold‚ leased‚ or otherwise marketed". The company has established technological
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CHAPTER Cost Classifications DISTINCTION BETWEEN DIRECT AND INDIRECT COSTS Direct costs can be specifically associated with a particular unit or department or patient. The critical distinction for the manager is that the cost is directly attributable. Whatever the manager is responsible for—that is‚ the unit‚ the department‚ or the patient—is known as a cost object. The somewhat vague definition of a cost object is any unit for which a separate cost measurement is desired. It might
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Republic of the Philippines Gordon College Olongapo City College of Computer Studies A System Analysis and Design Project “GOWN RENTAL MANAGEMENT AND INFORMATION SYSTEM” Presented to the Faculty of Gordon College Olongapo City In Partial FulfilmentoftheRequirements for the Degree ASSOCIATE IN COMPUTER TECHNOLOGY By: JUNNIEFER C. SABILE MARK JOSEPH L. PEREZ March 14‚ 2013 Republic of the Philippines Gordon College Olongapo City College of Computer Studies APPROVAL
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OSI – The direct cost is incremental direct cost incurred with third parties. (FAS-91 or ASC 605-20-25-4) b) $250‚000 Sales Commission – allow deferring the cost under FTB 90-1 because it is associated with the contract. c) $50‚000 corporate cost – corporate personnel dedicated to contract negotiation is direct loan origination costs‚ these cost are eligible for deferral under FASB Statement No. 91 or ASC 310-20-25-2. • Question 3: If there are costs for which deferral is appropriate‚ what
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Agile Supply Chain: Zara ’s case study analysis Galin Zhelyazkov Design‚ Manufacture & Engineering Management; Strathclyde University Glasgow email: galin.zhelyazkov@strath.ac.uk Abstract Purpose – The purpose of this paper is to assess and document the key aspects in Zara ’s success by identifing current gaps‚ and to provide direction for future research efforts. Design/methodology/approach – Zara ’s case studies and literature published from 2001 to 2010 was reviewed. Findings – The review summarizes
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Running Head: Foundational Accounting Principles and Terminology 1 TUI University Eric Bollar Module 1: Case Assignment ACC501 Accounting For Decision Making Dr. Wendy Achilles January 21‚ 2011 Foundational Accounting Principles and Terminology 2 We all know how important the accounting aspect of any business/organization is. It is basically the most important way to manage
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If an early detection and diagnosis of melanoma can be made‚ we can have a greater survival rates close to 100% (ASC‚ 2016). Prognosis can become considerably worse if detection of the melanoma is not found until later stages of progression. For this reason‚ it is useful to encourage monthly accurate assessments of the skin‚ so if suspected early intervention can
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reorganizations: The term control means the ownership of stock possessing at least 80% of the total combined voting power of all classes of stock entitled to vote and at least 80% of the total number of shares of all other classes of stock of the corporation. 3. ASC 845-10-30-3 Nonmonetary Transactions: A nonmonetary exchange shall be measured based on the recorded amount of the nonmonetary asset(s) relinquished‚ and not on the fair values of the exchanged assets‚ if…..the transaction lacks commercial substance
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Introduction Autistic Spectrum Condition (ASC) is a developmental condition‚ which is characterised by difficulties in social interaction‚ social communication and rigidity of thought; referred to as the ‘triad of impairments’ as defined by Wing and Gould in 1979. More often children with autism will also have additional difficulties‚ thus further compounding the already profound impact on the family. The impact of having a child with autism varies from family to family‚ however it generally
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Computers (CC) and there is an obligation that CIC‚ the wholly owned subsidiary of CC‚ could reinsure the extended warranty risk of the third party transaction then I believe that CC is the primary obligor. Now as for how the recognition is handled‚ ASC 605 talks about accounting for warranties. It states that “sellers of extended warranty or product maintenance contract have an obligation to the buyer to perform services throughout the period of the contract.” Basically this means that revenue should
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