MFRS 138 – INTANGIBLE ASSETS QUESTION 6. a) According to MFRS138, an intangible asset is an identifiable non-monetary asset without physical substance but is expected to give future economic benefits to the entity. For an item to be classified as intangible asset,there are criterias need to be fulfilled which is identifiability, control and future economic benefits. An asset is identifiable if it either is separable, is capable of being separated or divided from the entity and sold,transferred
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ACC 310 Fall 2013 Research Case Two 1. International Financial Reporting Standards, abbreviated “IFRS”, are a set of high quality, understandable, enforceable, and globally accepted rules for companies to use all over the world. These IFRS are permitted or required in around 120 countries. Companies, securities regulators, investors, creditors, and other business people alike prefer to have comparable financial statement information when making business transaction internationally. IFRS presents
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Employee, who is the company’s primary assets, is the secret in the sauce and the glue that holds the corporation together (Back, 2010). However, despite the importance of the employees, the companies do not include them as an asset in the balance sheet where all the other assets are being recorded (Kaye, 2012; McGrath, 2010). Employees are considered as an intangible asset to the company (Back, 2010). There are some reasons why employee is not or should not be include in the balance sheet as an
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Course Title: Advanced Accounting Course Code: BUS 40 “COMPARISON OF THE FINANCIAL PERFORMANCES” AND “INTANGIBLE ASSETS IN THE ACCOUNTING DISCLOSURES” OF THE “JAMUNA, DUTCH BANGLA AND BRAC BANK” Table of Content No | Title | Page no | 1 | Executive Summary | 1 | 2 | Ratio Analysis of Jamuna Bank Limited 2009 | 2-3 | 3 | Ratio Analysis of Jamuna Bank Limited 2010 | 3-5 | 4 | Ratio Analysis of Jamuna Bank Limited 2011 | 5-6
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There are many internal and external factors that can impact a company’s stock price and its perceived value. By referring to a company’s balance sheet and subtracting the liabilities from the assets, one can determine the book value of a company. However, the book value of the company is not likely to be the actual stock price because investors’ purchase decisions are more likely to be influenced by both the present and future performance of a company. For example, in 2010, Amazon’s book value per
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) The key differences arise from the use of shorter amortization periods for (1) unrecognized prior service costs, and (2) unrecognized actuarial differences. These latter items likely reflect unrecognized gains and losses, and would include asset gains and losses. Under U.S. GAAP, amortization periods are based on remaining service lives of employees, which is probably longer than five or ten years. One other difference that students might note are the relatively low discount
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Ques 1- The asset betas for the various divisions have been computed as follows: Risk free rate: Risk free rate considered is the U.S. Government interest rates. For divisions with shorter useful life of assets, the US government interest for 10 years as of April 1988 has been used (short term rate for restaurants and contract services) and for division with the assets with long useful lives, the US government interest for 30 years has been considered (long term rate for Lodging). Since the information
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TrueBlood Case – Rough Waters Ahead 1. How should Smooth Sailings’ management perform the recoverability test for the cruise ship as of December 31, 2010? In addressing this question, consider: The following are the required steps to identify, recognize and measure the impairment of a long-lived asset (group) to be held and used: Step 1: Indicators of impairment — FASB ASC 360-10-35-21 “A long-lived asset (asset group) shall be tested for recoverability whenever events or changes in
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August 10, 2014 XACC 291 Assignment 2 E9-1 1 A. The acquisition cost for the plant asset will contain all spending needed to obtain the asset and make it prepared for its own purpose. 1B. 1. Land 2. Factory Machinery 3. Delivery Equipment 4. Land Improvement 5. Delivery Equipment 6. Factory Machinery 7. Prepaid Insurance 8. License Expense E9-7 A. 1. Straight Line Method 2011: $3,500 2012:$ 3,500 Accumulated
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QUESTION 2: GRANADOS 1. Compute the differential impact capitalization versus expensing would have on net income for each year of the period 2. In which year, if any, will the total annual amount of amortization of past R&D will be at least equal to the R&D expense incurred during that year In year 4, the total expense incurred is 100.00 and that is equal to the total annual amortization of R&D that has been capitalized until year 3. 3. What
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