research project on “Leather Industry: The Contribution to the Export Performance of Bangladesh”. For this reason‚ the author has conducted a research and prepared the report. 1.2 Objectives As every study has a particular objective(s)‚ the study has also some objectives. The objectives are classified into two parts. They are given below: 1.2.1 Primary Objective To familiarize with the leather industry‚ production‚ export history of this particular industry. 1.2.2 Secondary
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parts 1 and 2‚ assume that DDC Distribution and HC Holding are aggregated to be one reporting unit. Type your answers using Microsoft Word. “Goodwill is defined as an 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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Introduction to Business Combinations and the Conceptual Framework BRIEF OUTLINE 1.1 Introduction 1.8 Determining Price and Method of Payment 1.2 Nature of the Combination 1.9 Alternative Concepts of Consolidated 1.3 Business Combinations Financial Statements 1.4 Business Combinations: Historical Perspective 1.10 FASB’s Conceptual Framework 1.5 Terminology and Types of Combinations 1.11 FASB Codification Project 1.6 Takeover Premiums 1.12 Appendix A: Evaluating Firm Performance
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as follows:- 1. The assets are valued at cost or book value or at the cost derived amounts 2. Items which have no cost are ignored‚ that is‚ if the business entity does not pay anything for an asset‚ it would appear in the books of account. The goodwill would appear in the accounts only when the enterprise has purchased the intangible asset for a price. 3. Unrealized gains‚ i.e.‚ gains on unsold assets are to be ignored 4. The real value of the capital employed is not available in the Balance
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A. i. In general‚ what is an intangible asset? An intangible asset is an asset that does not have physical substance. Some examples include patents‚ copyrights‚ and goodwill. ii. Which intangible assets appear on a company’s balance sheet under U.S. GAAP? Describe how U.S. GAAP determines whether an intangible asset is included in the balance sheet. iii. Briefly describe how the accounting for intangibles differs under IFRS. To answer this question‚ you might use the Internet and search
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Australian standards including AASB 1041 Revaluation of Non-Current Assets‚ AAS 4 Depreciation‚ AAS 10 Recoverable Amount of NonCurrent Assets‚ AAS 21 Acquisitions of Assets‚ AAS 13 Accounting for Research and Development Costs and AAS 18 Accounting for Goodwill. AASB 138 also covers some of the general principals covered in Statement of Accounting Concepts (SAC) 4. This Policy Summary goes through the main requirements in AASB 138 and also outlines the main differences between the general requirements
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Abstract The observance of international accounting standards is playing an increasingly significant role in dynamic regulatory developments and presents several challenges‚ which may necessitate a variety of procedural and technical data processing changes. Regulatory consolidation under the influence of international accounting standards The observance of international accounting standards is playing an increasingly significant role in dynamic regulatory developments. On the one hand‚ publicly
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Automobile Industry of Pakistan - An Overview The automotive industry rightly prides itself on being recognized as the “mother of all industries.” In its folds it carries many different kinds of vehicles to provide mobility to people and goods. While they may appear to be simple machines‚ their design and manufacturing have much deeper roots in all the known technologies. In-depth knowledge and skillful application of mechanical‚ electrical‚ electronics‚ chemical and a host of other technologies
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“Human Resource Accounting – an intangible asset : Comparative & Correlation analysis of disclosures in Annual Reports” 1. Introduction: In present scenario‚ despite the global change‚ Human Resource Accounting is major issue for research & analysis in management. Human resource has always been taken as a ‘soft & light issue’ whose contribution generally can not be measured in monetary terms. There is no role of recording investments‚ benefits rendered by employees‚ valuation & accounting of human
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3 Scope of IAS 36 IAS 36 applies to (among other assets): – Tangible assets • Land and buildings • Machinery and equipment • Ships‚ aircrafts‚ motor vehicles • Investment property carried at cost (see IAS 40) – Intangible assets • Goodwill • Computer software • Patent‚ brand‚ customer list • Development costs 4 Definitions Impairment : – An asset is impaired when its carrying amount exceeds its recoverable amount Carrying amount : – The amount at which an asset is recognised
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