TABLE OF CONTENTS Abstract 2 Introduction 2 Business description and main activities 3 Harvey Norman Resources 5 Tangible Resources 5 Profit from continuing and discontinued operations 6 Profit from property 6 Sales at franchises 7 Sales at company-owned stores 8 Intangible Resources 8 Computer software and licence property 8 Goodwill 9 Harvey Norman Invisible Balance Sheet 10 Internal Capital 11 External Capital 13 Individual Competence 14 Recommendations 15 Conclusion
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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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by the intangible thing. Someone that is rich and has fancy objects does not show their true inside self. I am defined by the intangible things such as my beliefs and my knowledge. However‚ I do not completely agree with Plato when he states‚ “That owning tangible object is detrimental to a person’s character.” I feel that people should cherish the tangible objects that mean a great deal to them‚ but don’t let any worthless item define them. So both tangible (to an extent) and intangible things develop
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Krispy Kreme primarily plans to grow through building 200 new stores locations within the United States between the years 2003 and 2006 and selecting varieties of donuts to be carried in many supermarkets‚ convenience stores and other retail outlets throughout the country. Krispy Kreme also moved to expand beyond its brand name on April 7‚ 2003 when the company acquired the Montana Mills Bread Co. in Rochester‚ New York. The company is also following the acquisition strategy when acquired Digital
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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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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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number: 372961 Skills class: IB02B Value is defined by Kotler & Keller (2012) as ‘the sum of the tangible and intangible benefits and costs to customers. Value is primarily a combination of quality‚ service and price. This implies that there’s more to value than just the tangible benefits. In this essay I will argue that in a prosperous society‚ value is predominantly of an intangible nature. For my theoretical argument‚ I will a theory made up by Maslow (1943). In his article Maslow states
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Universita degli Studi di Torino Dipartimento di Informatica Using Arduino for Tangible Human Computer Interaction Fabio Varesano Advisor: Prof. Luca Console Co-Advisor: Prof. Marco Grangetto Laurea Magistrale in Metodologie e Sistemi informatici April 2011 Abstract This thesis presents the results of a nine months internal stage at the De- partment of Computer Science‚ Universita degli Studi di Torino. During my stage‚ supervised by Prof. Luca Console‚ I experienced with electronics
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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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Intangible Assets: An intangible asset‚ despite not having a physical form to it‚ has great value to a company and is to be disclosed in the financial reports. Some companies only disclose the brand and goodwill as their only intangible assets‚ while others include more such as software and the company trademarks (Loftus et al. 2012). The Accounting Standard AASB 138 advises businesses on the accounting treatment of these intangible assets‚ but only if the specific criteria have been met for an
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