Compiled AASB Standard AASB 138 Intangible Assets This compiled Standard applies to annual reporting periods beginning on or after 1 July 2009. Early application is permitted. It incorporates relevant amendments made up to and including 25 June 2009. Prepared on 30 October 2009 by the staff of the Australian Accounting Standards Board. AASB 138-compiled 2 COPYRIGHT Obtaining Copies of Accounting Standards Compiled versions of Standards‚ original Standards and amending Standards (see Compilation
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Accounting Treatment of Intangible Asset Draft Pace University ACC692 Summer I By Yigal Rechtman July 30‚ 2001 Introduction What is the problem? Accounting for intangibles has gained prominence in the past few decades due to changes in the way the business world operates. The technological revolution and in particular‚ the information age‚ has brought intangible resources to the fore of the business environment. Businesses ( even the most traditional production manufacturers ( are
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International Accounting Standards in 01 January 2005 is AASB 138 Intangible Assets which is the Australian standard relating to the International Accounting Standard‚ IAS 38 Intangible Assets. AASB 138 Intangible Assets is a standard that has been debated since its adoption in 2005‚ due to the negative effect it has had on the profitability of organisations that are affected by the standard. This paper will explore AASB 138 Intangible Assets in an attempt to establish the issues that arose prior to
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ADVANCED FINANCIAL ACCOUNTING 260 INTANGIBLE ASSETS QUIZ QUESTIONS 1. List two assets which would not meet the ‘identifiable’ aspect of the definition of an intangible asset. (2 Marks) Goodwill Customer loyalty 2. Intangible assets acquired via a separate acquisition are always recognised. Why? (2 Marks) The price an entity pays to acquire an intangible asset will reflect expectations about future economic benefits of the will flow to the company. This meets the probability test to identify
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Thesis statement: Ryan Holiday is an extremist who is trying to make a difference in media manipulation. Body paragraph 1: • Concrete detail: “…I felt that if I could just get everyone’s attention and expose the problems in the right way‚ it could make a difference” (xvi) • Commentary: Ryan Holiday is using his own way to expose media manipulation. Instead of being nice about it‚ to him the only way to make a difference is to go in extreme lengths. He wants people to truly open their eyes about
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piece Saving Private Ryan earned itself 5 academy awards‚ including the best director award in 1998. The all star cast starring Tom Hanks and Matt Damon brings to life the horror of war. Seen through the eyes of a squad of American soldiers‚ the story begins with World War 2’s historic D-Day invasion‚ and then moves beyond the beach as the men embark on a dangerous special mission. Captain John Miller (Tom Hanks) must take his men behind enemy lines to find Private James Ryan‚ whose three brothers
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Ryan Lanza’s face was plastered around the internet‚ that he had defend himself on his Facebook page. By simply fact checking and making sure that the image used was of the right person‚ it ultimately caused Ryan Lanza his reputation. Although the news issued a retraction‚ Ryan Lanza is always going to be looked at‚ not because the shooter was his brother‚ but because he was falsely accused of committing a crime. By racing to put out the image of the shooter first‚ Ryan was arrested
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ADVANCED FINANCIAL ACCOUNTING 260 INTANGIBLE ASSETS QUIZ QUESTIONS 1. List two assets which would not meet the ‘identifiable’ aspect of the definition of an intangible asset. (2 Marks) 2. Intangible assets acquired via a separate acquisition are always recognised. Why? (2 Marks) 3. How is an intangible asset acquired as part of a business combination measured for initial recognition? Why? (2 Marks) 4. List two ways that fair value could be determined for intangible assets acquired as part of a
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Private Ryan 1. What is the moral rationale behind risking eight lives to save one? How does this relate to Kantian and Utilitarian ethic? The moral rationale behind risking the eight lives to save one is that it is the soldier’s duty to do as they are told and to save the last remaining son of a family. Kant feels that the eight soldiers are treating Private Ryan as a means to and for their mission so they can get back and fight the war. By treating Private Ryan as a mean
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Intangible benefits are of course benefits that are of a non-monetary nature. Simply put‚ the intangible benefits of a new stadium vastly outweigh the economic ones. One could argue that the sole purpose of building a new stadium is to appease to the intangible benefits of the city. First and foremost‚ a new stadium will ensure that the professional sports franchise stays in the city. As shown with the Rams recently‚ fans take a great pride in supporting teams in their cities and even the thought
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