iDempiere Fixed Asset User Manual Created By Edwin Ang Created On June 12‚ 2012 Version 0.1 Introduction The iDempiere Fixed Asset extension package is developed based on the work of these three remarkable men: 1. Robert Klein‚ who developed the first ever Fixed Assets extension for Compiere 2. Teo Sarca‚ who modernized Robert Klein’s work to use Adempiere more modern document structure. His work was however not properly documented and was influenced with his country
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title to the asset upon the fulfilment of agreed conditions. The substance of the transaction rather than the form of the contract can define a lease whether it is a finance lease or an
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This fixed asset will give insight for Longhaul Carriers‚ owned by Jimmy Mavela. Longhaul Carriers is a transport company that transport goods between Durban and Johannesburg. The company has three heavy-duty trucks and employs three drivers who either work day or night shifts. This report will cover fair remuneration for drivers‚ working hours‚ maximise earnings‚ profitability and effective control for the future of Longhaul Carriers. Fair remuneration for drivers Calculations:Drivers remuneration
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Asset-Light Strategies 1) What is Asset-Light Strategy? • Hospitality industry is fragmented‚ capital intensive and involves extensive quantities of real estate. • Previously‚ hospitality companies owned and operated units • They had internal resources or stock market resources • Property is an appreciating asset • Nevertheless‚ over past few years – particularly amongst international hotel chains – these trends have been changing ownership model:
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issued Statement No. 121 "Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to Be Disposed Of". The statement established accounting standards for the impairment of long-lived assets‚ certain identifiable intangibles‚ and goodwill related to those assets to be held and used. The statement also established accounting standards for the disposal of long-lived assets and certain identifiable intangibles. (fasb.org/stsum121) However‚ shortly after Statement 121 was released
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Transfer of Non-Performing Assets between Banks and Beyond Niloy Pyne comments on the recently issued ruling of the Supreme Court‚ in the case of ICICI Bank Limited Versus Official Liquidator of APS Star Industries Ltd. & Ors. on whether non-performing assets (NPAs) can be transferred between banks without the concurrence of the borrowers. Background This case involved a transfer of Non Performing Assets (NPAs)‚ relating to the borrower‚ APS Star Industries Ltd.‚ from ICICI Bank to Kotak
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amortisation requirements for certain identifiable intangible assets and the changes to accounting for goodwill introduced as part of the convergence with international accounting standards. How will these changes affect reported profit? General amortisation requirements Intangible assets (other than goodwill) that are considered to have a limited useful life are required to be amortised over their useful lives defined as ‘the period of time over which the asset is expected to be used by the entity‚ or the
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owned by the local aboriginal community. The houses are currently used by the council to provide inexpensive accommodation for low-income earning families. Specifically‚ the council is considering whether or not they should disclose these houses as assets in the statement of financial position. The councillors have been told by the aboriginal landowners that they are willing to allow local governments to manage the houses as long as the management is consistent with the objectives of the aboriginal
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over longer periods‚ which is more like a semi-active approach. 2. Who are Zeus’s primary investors? Zeus Asset Management serviced both institutional and individual investors. The institutional clients were consisted mostly from 2 parts‚ foundations & endowments‚ and corporations. The individual investors were typically risk-averse‚ high-net-worth and would like to grow their assets over long-term. There was a minimum requirement of $2 million for individually managed account. For these clients
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1Profile of Qantas The Qantas Group has a long history in the Australian airline industry. It began its operations in 1920 as the second oldest airline in the world. Passenger and mail services started in 1920. When the Australian Government bought Qantas in 1947 to operate as the nation’s flag carrier‚ Qantas was restricted to flying only internationally‚ while the domestic market was heavily regulated. After deregulation of the industry in the early 1990’s‚ Qantas was able to re-enter the domestic
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