AB1102 Assignment Submission Declaration Name(s): Matriculation No(s): Seminar group / Team # Title: Course and Code: Instructor: Submission Date: 1. Liu Yikun 2.Wang Siqi 3.Xu Mengxing 1.U1220769H 2.U1220694D 3.U1220644C Seminar group ___13___ 4.Xu Weinan 5.Zhang Han 4.U1220473G 5.U1220522L Team ___5___ Examination on Wilmar Limited’s valuation methods and valuation trend of two selected accounts. Accounting II – AB1102 Lau Chew King 11-03-2013 Keep a Copy of the Assignment Please
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asset acquired in a business combination that has future economic benefit and is result of acquired assets that could not be separately recognized and identified individually. Goodwill that is computed in a business combination using the provisions of ASC business combination is not
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05-5 There are two basic principles related to accounting for income taxes‚ each of which considers uncertainty through the application of recognition and measurement criteria: * a. To recognize the estimated taxes payable or refundable on tax returns for the current year as a tax liability or asset * b. To recognize a deferred tax liability or asset for the estimated future tax effects attributable to temporary differences and carryforwards. 45-5 The valuation allowance for
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When should the milestone payments received to date by SolvGen be recognized as revenue? A: FASB codification (605-28) milestone method SolvGen Inc. is gonging to use the milestone method to recognize the revenue. The milestone method is a recently issued method of recognizing revenue for research and development arrangements under which consideration to be received by the vendor is contingent upon the achievement of certain milestones(FASB codification (605-28) milestone method). Under
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Reporting Paper for Pension Plans Dorothy Forrest ACC/541Accounting Theory and Research December 1‚ 2014 Professor: Thomas Gruber Memorandum To: Thomas Gruber‚ CEO From: Dorothy Forrest Date: December 1‚ 2014 Re: Company Acquisition Mr. Gruber our company has been going through many changes to better the company and a 100% acquisition of a new company will create changes in the retirement benefit plans area. Adjusting benefits plans will be complicated but with the required reporting
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Definition of a Business Succint: Fuzzy Dice‚ Inc. manufactures and distribute novelty items. Fuzzy is having a great demand on their products and are holding a large amount of cash on its balance sheet. In the same area are other manufacturing companies‚ among them Tiny Toys LLC‚ a children’s toy manufacturer. Tiny has been having financial troubles and recently filed for Chapter 11 bankruptcy protection. Fuzzy is interested in Tiny’s manufacturing facility‚ location and capabilities. Tiny’s
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their wartime mission. The LBE program ensures non-deployed equipment is maintained and accounted for to support the Army ARFORGEN process. The LBE turn-in process is a Property Book transaction with ownership of the equipment being transferred to ASC (with property transfer decisions retained by FORSCOM). As units prepare to deploy‚ they identify all property book accountable equipment that will not be deployed and compile it into one LBE turn-in list. Excess and unserviceable equipment must
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2008- December 2009 Helped in introducing the concept of integrated farming of PhilRice in the area Established demo and production farms at ASC Monitored the business side of the project to assure sustainability 5. COLLEGE INSTRUCTOR - APAYAO STATE COLLEGE June 2009- October 2009 Served as substitute teacher of the Agriculture students of ASC 6. DATA ENCODER – MADECOR April 2008 - May 2008 Encoded the questionnaires from the
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deal with debt issue costs and convertible bonds. Debt issue costs are the payments associated with issuing debt‚ such as various fees and commissions to third parties. According to U.S. GAAP these payments generate future benefits that under ASC 835-30-45-3 are recorded on the balance sheet as deferred charges. These charges are capitalized‚ reflected in the balance sheet as an asset‚ and amortized over the life of the debt instrument. Early debt repayment results in expensing these costs.
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U.S. GAAP vs. IFRS Financial Ratios Impact : International Financial Reporting Standards (IFRS) and Generally Acceptable Accounting Principles (US GAAP) are standard-setting bodies that were established with the purpose of developing high quality‚ understandable‚ transparent and comparable financial information that could be useful to the financial statement users. The conceptual basis and many general accounting principles are very similar under IFRS and US GAAP. However
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