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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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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SUMMARY ON STRATEGIC REWARD MANAGEMENT – SYMBOLISM AND REWARDS There are numerous examples of organizations that‚ wary of the ways in which extrinsic rewards can focus employee attention to the exclusion of other considerations. Similarly‚ how‚ and for what‚ peoples are rewarded within the organization sends strong symbolic messages. Organizations‚ which recognize this‚ can use the reward system to signal strategic or cultural changes. One distinctive element of the teamwork philosophy was the
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Chapter 8: Reward Management I. DEFINITIONS Wages • A wage is the payment made to manual workers and is usually expressed as a rate per hour. • In Hong Kong‚ “wage’‚ nowadays known as “Relevant Income”‚ includes all remuneration‚ allowances‚ tips‚ overtime pay‚ hardship‚ per-diem allowance‚ etc. capable of being expressed in terms of money‚ payable to an employee in respect of work done. Salaries • A salary is a fixed periodical payment to a non-manual employee.
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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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REWARDS OR PUNISHMENT REWARDS OR PUNISHMENT KATINA WILLIAMS UNIVERSITY OF PHOENIX JEROME BARTLEY PSYCH/538 Rewards or Punishment Children learn most of their behaviors by associating them with consequences. If a young child wants something form their parents they usually cry to get it and sometimes the parent will give in and give the child what he or she is crying for. I am against this because this is rewarding the child for their bad behavior. Why give the child a pleasurable experience
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Reward Systems Once of a manager’s most important tools is the ability to select rewards and time the rewards properly. Even if managers are not solely responsible for financial rewards‚ they can use a number of tools to increase the effectiveness of their organization. Reward systems can address several important managerial objectives as they relate to employee motivation. A solid reward system requires concerted attention in its development. The following sections provide a basis for a well-contructed
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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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Introduction The aim of this paper seeks to examine the concept of total rewards in the process of increasing prominence in organisations. Total Rewards is best described as a business strategy that “includes financial and non-financial complementary elements designed to recruit‚ develop‚ retain and motivate employees”(OSP 2003). “Employees working for a total rewards employer tend to be more motivated‚ productive‚ and happy”. (eHow 1999) As a result is “the business thrives”(eHow 1999) and prominence
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Rewards and Performance The company I work for has not had pay-for-performance in the last five years. It is a public entity. The only incentive given is for employees nominated as going above and beyond their job description. The reward is free parking for three months and one personal day. When the economy was good the employee nominated would also receive $100 on their next check. I personally believe incentives should be given from a different perspective. Our department hardly nominates anyone
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