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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Long-Lived Assets Long-term assets are defined as resources with economic lives of more than a year that a business possesses and uses in generating revenue. The cost of long-term assets is recognized as an expense in the accounting periods in which the assets are used. The cost of all Long-Lived Assets that decline in value will through use and/or the passage of time will have their cost allocated to the periods that receive benefit. So‚ if a piece of machinery is expected to have an economic
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Current and noncurrent assets There are two main categories that assets can fall in‚ and those are current assets and noncurrent assets. Assets are valuables such as cash‚ inventory‚ trademarks‚ and property. Current and noncurrent assets differ from one another in several ways. The main difference among current assets and noncurrent assets is the time it takes for them to liquidate when needed. The order of liquidity is presented on the balance sheet in the order of the amount of time it takes
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Core portfolio: Concept: The core portfolio is based out of the theme – “Pharma Boom”. There has been a shift in the healthcare sector from a communicable disease to a lifestyle disease orientation. The Indian pharmaceutical industry is expected to shift from a branded market to a more generic market. Government initiatives like “Jan Ayudyog” are expected to accelerate the generic boom in India. Bench Mark Index: The benchmark index which the portfolio attempts to mirror is CNX-Pharma. CNX Pharma
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present value of expected future income in excess of a normal return on the investment in tangible assets‚ or‚ for the excess of price paid for a business as a whole over the book value‚ or‚ over the computed or agreed value of all tangible net assets purchased. Characteristics of goodwill: The characteristics of goodwill emerge as mentioned below: 1. It is an intangible asset but not a fictitious asset; 2. It cannot have an existence separate from the organization; 3. It’s value depends on the
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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 that
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Current and Noncurrent Assets ACC/400 Current and Noncurrent Assets Paper Accounting covers a multitude of areas‚ although most people think it just adding‚ subtracting‚ and receiving a total for something the company has bought or sold but of course it is not all it entails. Accounting by Merriam-Webster definition is “the system of recording and summarizing business and financial transactions and analyzing‚ verifying‚ and reporting the results” (Merriam-Webster Incorporated‚ 2012). Accounting
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styles and workplace dispute. With Qantas as an example to understand these strategies properly. Human resources management strategies of Qantas Airlines can involve: Workplace dispute: is a disagreement over an issue or group of issues between an employer and its employees‚ which result in employees ceasing work. Qantas has had a series of disputes with Transport workers unions since the end of 2010 till the start of 2012. It started off with Unions and Qantas bargaining to start new enterprise
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Classification of Assets: 1) Fixed Assets : A long term tangible assets held for business use and not expected to be converted to cash in the current or upcoming fiscal year such as manufacturing equipments also called plants. 2) Current Assets : Current assets are those assets which are held for sale or to be converted into cash after some time. 3) Contingent Assets: A contingent asset is one which comes into existence upon the happening of a certain event. If that event happens the asset becomes available
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Case Study – QANTAS Restructuring Lachlan Sorby This report was commissioned to examine QANTAS’ management processes and other business strategies. QANTAS’ decision to move some operations offshore was influenced by a number of factors; firstly‚ QANTAS reported a $215million profit loss for the half year ending December 31st 2011‚ compared to the same time the previous year. QANTAS also plans to reimage its heavy maintenance on its A380 Jumbo Jets and other large aircraft; by sending this
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