PROJECT REPORT (Submitted for the Degree of B.com Honours in Accountancy and Finance under the University of Calcutta.) A Survey on Accounting & Reporting of Intangible Assets in some selected Indian companies Submitted by Name: MAITREYEE MUKHERJEE Registration no: 043-1221-0272-10 Roll no: Name of the
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Accounting for Business Combinations: A Test for Long-Term Market Memory By Pongprot Chatraphorn Dissertation submitted to the faculty of the Virginia Polytechnic Institute and State University in partial fulfillment of the requirements for the degree of DOCTOR OF PHILOSOPHY In Business Administration with a Concentration in Accounting Dr. John A. Brozovsky, Chair Dr. Anthony J. Amoruso Dr. Robert M. Brown Dr. Frederick M. Richardson Dr. Keying Ye December 19, 2001 Blacksburg, Virginia
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equipment have been valued at fair market prices to show a true and fair view. There has been increase in fixed assets showing signs of good infrastructure building. Intangible assets had been subjected to impairment losses and gains as per applicable accounting standards. The company contributed $27.8 million of returns to the government in the current year, where dividend payouts of 2010-11 of $11.9 million dollars had a major impact. In a nutshell the company shows sign of positive trends in future years
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Revenue recognition is covered under ASPE – section 3400 (Revenue): Private entities opting to use the ASPE for revenue recognition should use the ASPE guidance. The standard covers the sale of goods and the rendering of services by an entity in the ordinary course of business. Definition: * Revenue is the cash, receivables and other consideration coming into the business from its ordinary business activity. * The completed contract method recognizes revenue when the good or service has
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from goodwill to equipment shoud be made when preparing consolidated financial statements. Then, the difference between the fair value and actual purchase value is accounted for as goodwill. However, it is hard to determine whether the difference should go to goodwill in this case without enough information in this case. If the $6 million price which paid by GPI is a bargain purchase, GPI should recorded the gain in the financial statement; if not, the difference will be adjusted into goodwill. GPI’s
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depreciation. 5 Distinguish between revenue and capital expenditures, and explain the entries for each. 6 Explain how to account for the disposal of a plant asset. 7 Compute periodic depletion of natural resources. 8 Explain the basic issues related to accounting for intangible assets. 9 Indicate how plant assets, natural resources, and intangible assets are The Navigator reported. ✓ The Navigator Scan Study Objectives Read Feature Story Read Preview Read text and answer p. 402 ■ ■ ■ ■ p. 409
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(2). Adjust the capital accounts in the light of requirements of the new firm. SALE OF FIRM TO A COMPANY http://www.leadershipcloseup.com/2014/10/28/strategy-merger-four-steps-law-firm-leaders/ Sometimes, a partnership business is ‘taken over’ or purchased by a company. A welcome takeover generally goes smoothly as both the parties to the contract are willing to do it. On the contrary, an unwelcome or hostile takeover can be quite unpleasant. When the takeover goes through, the acquiring company becomes
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chapter The Equity Method of Accounting for Investments The first several chapters of this text present the accounting and reporting for investment activities of businesses. The focus is on investments when one firm possesses either significant influence or control over another through ownership of voting shares. When one firm owns enough voting shares to be able to affect the decisions of another, accounting for the investment can become challenging and complex. The source of such complexities
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Disposition AACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation differently, one approach is to provide specific questions on exams that become the basis for assessment. To aid faculty in this endeavor, we have labeled each question, exercise, and problem in Intermediate Accounting, 7e, with the following AACSB learning skills: |Questions
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STUDY MATERIAL Integrated Professional Competence Course PAPER : 1 ACCOUNTING VOLUME – I BOARD OF STUDIES THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA This study material has been prepared by the faculty of the Board of Studies. The objective of the study material is to provide teaching material to the students to enable them to obtain knowledge and skills in the subject. Students should also supplement their study by reference to the recommended text books. In case students need
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