for the organization’s clients. In this situation a client is not clear about why a Staff I is asking for information on adjusting lower of cost or market inventory valuation‚ capitalizing interest on building construction‚ recording gain or loss on asset disposal‚ and adjusting goodwill for impairment and requires explanations on these topics. An explanation of each is provided to include sources from accounting websites‚ Generally Accepted Accounting Principles (GAAP)‚ and accounting pronouncements
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is more aware about human asset. Effective organizations realize that their employees do have value‚ much as the organizations physical and capital assets have value. The human asset has some value which is: Technical knowledge‚ Ability to learn and grow‚ Decision making capabilities‚ Commitment etc.‚ which don’t have in other assets. Physical and capital assets in an organization such as plant‚ property‚ machinery‚ and technology are required to maintain by human asset. That’s why now a day’s organization
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district managers performance. Could this performance measure be made more effective? The Return on Assets (ROA) percentage shows how profitable a company ’s assets are ingenerating revenue. An indicator of how profitable a company is relative to its total assets. ROA gives an idea as to how efficient management is at using its assets to generate earnings. ROA can be computed as Net Income/ Total Assets. To make it more effective QMSC can use: Multiple performance measure‚ management service histories
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Company Profile 2. Key financial performance BALANCE SHEET: (VND) | 2011 | 2012 | Total Assets | 288‚332‚676‚355 | 300‚326‚108‚580 | Total Liabilities | 109‚506‚751‚363 | 115‚481‚021‚809 | Total Stockholder’s Equity | 178‚825‚924‚992 | 184‚845‚086‚771 | Generally speaking‚ Haiha’s total assets come from owners’ equity more than liabilities. There was a decrease of the company’s total assets in the period 2008-2009 but it increased back regularly from 2009 to 2012. Therefore‚ Haiha has
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the fair value option. Furthermore‚ IFRS has different criteria to elect the fair value option for assets‚ liabilities and equity. Under IFRS 9‚ paragraph
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relevant codification section that addresses transfers of receivables is the following: FASB ASC 860-10-05-15. C. Provide definitions for the following: 1) Transfer: The conveyance of a noncash financial asset by and to someone other than the issuer of that financial asset. A transfer includes the following: selling a receivable‚ putting a receivable into securitization trust‚ and posting a receivable as collateral. A transfer excludes the following: the origination of the receivable‚
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Bosiljevac is a partner at Pricewaterhouse Coopers. (Billabong Financial Report‚ 2013: 43) Answer 8 DEPRECIATION Land and building are shown at cost. Consecutive prices are encompassed in the asset’s carrying number or recognised as a distinct asset‚ as appropriate‚ merely after it is probable that upcoming commercial benefits associated alongside the item will flow to the group and the price of the item can be measured reliably. All repairs and maintenance are charged to the income statement
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To: Professor Hughes From: Zoe He‚ Chao Ma Date: November 2‚ 2014 Topic: Potential Asset Retirement Obligation Liability of ARO The major purpose of this memo is to help identify potential asset retirement obligation liabilities when ARO sells its 12 warehouses‚ which contain asbestos‚ in different situations. After studying related materials in ASC 410 rules‚ we have major conclusions summarized in this memo. In the situation that ARO plans to sell its 10 warehouses containing asbestos with special
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depreciation is a particular area of a depreciable asset which may have a different estimated useful life. Component depreciation is general considered as a separate depreciated value‚ and is normally used by only the IFRS‚ however the GAAP does sometimes use this type of component depreciation. This type of depreciation would normally be used to view the depreciation as an authorization or allocation of cost over useful life of the assets. Each individual asset must be depreciated separately because of
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ACCOUNTING 260 IMPAIRMENT QUIZ QUESTIONS 1. When should an entity conduct an impairment test? (2 Marks) Assets that are consider to have uncertain carrying amounts must be tested every year for impairment. Goodwill acquired in a business combination Intangible assets with an indefinite useful life Intangibles not yet ready for use Impairment testing of all other assets is required only if there is an indication that they might be impaired due to events such as the economic and
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