QUIZ 1 QUESTIONS |[pic] | | 1. What is a rights issue? (1 Mark) A rights issue is an issue of shares with the terms of the issue giving existing shareholders the right to an additional number of shares in proportion to their existing shareholding. 2. Distinguish between a renounceable and non-renounceable rights issue? (1 Mark) Renounceable: existing shareholders can sell all or part of their rights to new shares to another party. This is not available in the case of non-renounceable
Words: 1229 - Pages: 5
Assets are important to any business. As we have previously discussed, assets are economic resources expected to be beneficial for the future of the business. More importantly these are the things that a business has control of with value. Cash, inventory, land, furniture, and office supplies are all examples of assets that a company may have. Natural resources, plant assets, and intangible assets are some of the most important assets found on the balance sheet. The reason for this, they are the
Words: 1727 - Pages: 7
2 Accounting standards of goodwill development 3 Affection on SFAS 141 and SFAS 142 4 The definition of goodwill 4 Contribution to the creation of goodwill 5 Goodwill inclusion and exclusion 6 Identification of goodwill and intangible assets 7 Calculation of goodwill 7 Goodwill impairment 10 Comparison IFRS with U.S. GAAP for goodwill 11 Conclusion 13 References 14 Introduction: When one company gains control over the others, a business combination
Words: 2898 - Pages: 12
HP Financial Analysis By 2635 For: Nekesha Joy ACCT305ON 8/14/2011 Table of Contents Introduction ………………………………………………………………………………………………………………………………………pg. 3 Property Plant &Equipment …………………………………………………………………………………………………………………pg.4 Intangible Assets …………………………………………………………………………………………………………………………………..pg 5 Depreciation and Impairments ………………………………………………………………………………………………………………pg 6 Current & Long Term Liabilities……………………………………………………………………………………………………………. pg 7 Conclusion ……………………………………………………………………………………………………………………………………………pg
Words: 1813 - Pages: 8
long-lived assets and implications associated with Johnson and Johnson’s accounting methods. In this memo we would like to cover five main topics: long-lived assets, depreciation and amortization, J&J policies regarding intangible assets, cash flow statements, and asset turnover/ return on assets. In 2013, J&J reported three different types of long-lived assets on their Consolidated Balance Sheet. The first kind reported was Plant, Property, and Equipment. The second one was Intangible Assets
Words: 937 - Pages: 4
Fair Value and it gives a guide on how to measure it in the IFRS13 section. Fair Value is “ the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measure date”. (Financial Accounting Series, 2006) In IFRS13 dictate the measurement, which is market value, meaning assets and liabilities should be adjusted to a value which reflect the actual market value. On the fair value basis, balance sheet provides timely
Words: 2257 - Pages: 10
Long-Lived Assets Pratt, Financial Accounting 7e, Chapter 9 Long-Lived Assets: Are often a very significant portion of a company’s total assets Includes all assets that are used in operations and benefit more than one period Includes: o Property, Plant and Equipment Land Buildings Equipment and Machinery o Natural Resource Assets o Intangible Assets 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
Words: 1004 - Pages: 5
Historical cost is an accounting method about the original nominal monetary value of an economic item at the time of transaction (IFRS). Under this method, assets and liabilities listed on the balance sheet with the value at their purchase or acquisition, rather than the current market value. According to the historical cost principle, most assets or liabilities are recorded at historical cost on the balance sheet even if there is a significantly change in the value over a period. Hence the balance
Words: 2425 - Pages: 10
Analysis of 2013 Annual Reports | | [Type the author name] | | Analysis by Page Table of Contents Analysis by Page 1 Introduction 2 Property and Equipment 3 Figure 1: Property and Equip Details 3 Intangible Assets 4 Figure 2: Review of Intangible Assets 4 Goodwill 6 Figure 3: Review of Goodwill 6 Liabilities 7 9 Other Capital Ventures 11 Works Cited 12 Introduction The Comcast Corporation is the largest cable and home internet provider in the United States
Words: 2278 - Pages: 10
Intermediate Accounting II Table of Contents: Introduction ................................................................................... 3 Report- Property and Equipment ................................................... 4 Report- Intangible Assets and Goodwill ......................................... 5 Report- Depreciation ..................................................................... 6 Report- Impairment ....................................................................... 7
Words: 2747 - Pages: 11
