Current and Noncurrent Assets Paper ACC/400 October 23‚ 2011 Current and Noncurrent Assets Paper When an individual starts a business understanding financial statements are vital to tracking the company profits and losses. The company decisions are often decided by the figures and statistics. The figures are recorded and compared at a later date. Accounting knowledge is the core of the business and every aspect of a growing company depends heavenly on understanding the basic concept of
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Depreciation is the decline in the future economic benefits of a depreciable non-current asset through wear and tear and obsolescence. It is an allocation process. It can be calculated by two main methods‚ each reflecting in a distinct prospect in the way the asset is used. Depreciation is to be treated as an estimated expense that does not set aside cash for the replacement of a non-current asset. In determining the cost of acquisition of the lathes‚ any capital expenditure made must be added
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1 What is an Asset? An asset is an item that a company owns. Assets are divided into three basic groups: capital assets‚ current assets and intangible assets. Capital assets are typically owned for the long term and include buildings‚ land‚ vehicles and manufacturing equipment. Current assets are items that can quickly be converted to cash‚ such as actual cash‚ accounts receivable‚ inventory and investments such as bonds and stocks. Intangible assets are items that cannot be physically touched‚
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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
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OPERATING RETURN ON ASSETS (OROA) Year | 2007 | 2008 | 2009 | 2010 | 2011 | Public Bank Berhad | 1.96% | 2.01% | 1.84% | 2.09% | 2.08% | RHB Bank Berhad | 1.89% | 2.09% | 1.93% | 1.98% | 1.70% | Operating return on assets (OROA) ratio is measure of the return earn by a firm operations divided by total assets. The operating return on assets indicates how much will return earned by a firm operation for every RM1 of the total assets. Public Bank Berhad generated RM0.0196 of operating profit for
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The powerful family assets of the Mulliez facilitate the family business go through many obstacles and will benefit the next generation‚ as well as the future enterprise. Actually in the long-term-development‚ the Mulliez family will face many choices about the ownership and the management right. The Mulliezs may totally give up its ownership and operation‚ which means they might sell a firm to the new non-family owner. Obviously‚ the special family asset cannot be easily copied and submitted to
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Asset Utilization measures a company’s efficiency in managing its assets to generate sales. Receivable Turnover Ratio tells how quickly Target customers are paying. A high turnover ratio is generally a good thing since it means that customers are paying their bills. It also shows that the Target is very responsive in its credit and collection policies and extending credit to enough customers. Average collection period measures the timeframe of which Target customers are paying their debt. The lower
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Executive Summary Based on the case “Thompson Asset Management” from HBS Professor William Fruhan and writer John Banko‚ this group exercise has the purpose to discuss various investment philosophies and consider the advantages of quantitative investing‚ especially technical analysis. Moreover‚ it should discuss the return variability and risk/return characteristics of the “Thompson Asset Management” funds‚ the ProIndex and the ProValue funds‚ regarding its returns‚ absolute and relative risks
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330 : Safeguarding of Assets. 340 : Economical and Efficient Use of Resources. 350 : Accomplishment of Established Objectives and Goals for Operations or Programs 330 Safeguarding of Assets -- Internal auditors should review the means of safeguarding assets and‚ as appropriate‚ verify the existence of such assets Safeguarding of assets is those policies and procedures that "provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition‚ use or disposition
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Non Performing Assets (npa) in sbi Getting current updates and regulations for the non performing assets (npa) in sbi With a steep rise in the ratio of the nonperforming assets all over the country‚ it has been really tough for the RBI to control and manage in the given time frame. No doubt‚ public sector banks including SBI have been in the list of banks that have been implementing the procedures to control the default line of the borrowers. On the other hand‚ it should also be noted that nonperforming
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