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 attributes which
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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 emphasis
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ECONM2035: Asset Pricing Evarist Stoja (2B7‚ x10603) e.stoja@bristol.ac.uk Outline: This course runs over the autumn term and aims to provide a thorough grounding in the pricing of financial securities. The lectures start with some quantitative review material before moving on to bond pricing. Equity markets and determination of equity prices are treated next before students are introduced to the theory behind and testing procedures for informational efficiency in financial markets. Finally
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Does Fair Value Accounting for Non-Financial Assets Pass the Market Test? Hans B. Christensen and Valeri V. Nikolaev The University of Chicago Booth School of Business 5807 South Woodlawn Avenue Chicago‚ IL 60637 Abstract: The choice between fair value and historical cost accounting is the subject of longstanding controversy among accounting academics and regulators. Nevertheless‚ the market based evidence on this subject is very limited. We study the choice of fair value versus historical
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....................... 62 Chapf(31" 13 Equilibrium. Asset Ret:l..ln’ls........................................................................•...•...•...•...•. 74 Chapt~ 1~ ~i~-~e~l>le 1LJtili~ ............................................................................................. ~5» Chaptf!!" 15 Behavioral Fina.Ilce and Asset Pric.ing ........................................................................ 85 Chapter 16 Asset Pricing with Differential Information
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combination? (Adapted from Leo et al. Case 2‚ p.395). Part B (19 Marks) Sahara Ltd recently adopted the international accounting standards. The management of Sahara Ltd are seeking your advice regarding impairment testing under AASB 136 Impairment of Assets. Required: Write a report to the management addressing the following issues: • Explain why impairment testing is carried out. • Explain how often the test needs to carried out • Explain what steps are to be followed in applying the impairment
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Summary of FRS 37: Provisions‚ Contingent Liabilities and Contingent Assets The Standard This standard distinguishes between provisions and contingent liabilities. A provision is included in the statement of financial position at the best estimate of the expenditure required to settle the obligation at the end of the reporting period. A contingent liability is not recognised in the statement of financial position. However‚ unless the possibility of an outflow of economic resources is
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GAAP use different methods to classify intangible assets‚ which can lead to significant consequences when it comes to financial judgments. Most differences arise from IFRS being more flexible with allowing capitalization. Under US GAAP‚ all research and development is expensed once it happens. Under IFRS‚ development is capitalized. Also‚ according to Intermediate Accounting‚ “IFRS permits some capitalization of internally generated intangible assets” (Kieso‚ 712)‚ while “GAAP requires expensing of
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Chapter 06 Intercompany Transfers of Services and Noncurrent Assets Multiple Choice Questions 1. Blue Company owns 70 percent of Black Company’s outstanding common stock. On December 31‚ 2008‚ Black sold equipment to Blue at a price in excess of Black’s carrying amount‚ but less than its original cost. On a consolidated balance sheet at December 31‚ 2008‚ the carrying amount of the equipment should be reported at: A. Blue’s original cost. B. Black’s original cost. C. Blue’s original cost less
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This fixed asset will give insight for Longhaul Carriers‚ owned by Jimmy Mavela. Longhaul Carriers is a transport company that transport goods between Durban and Johannesburg. The company has three heavy-duty trucks and employs three drivers who either work day or night shifts. This report will cover fair remuneration for drivers‚ working hours‚ maximise earnings‚ profitability and effective control for the future of Longhaul Carriers. Fair remuneration for drivers Calculations:Drivers remuneration
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