CASE STUDY “MIELE” 1. What are the key resources that have made Miele a successful company so far? Which of these are Marketing Asset? 2. Miele are now facing more and more competition in a changing market. Do their resources provide them a sustainable competitive advantage? 3. What new resources might they need to develop/acquire to remain successful in the future? Jawab: LANDASAN TEORI Kasus ini menjelaskan backstage issue dari sebuah perusahaan Jerman, bernama “Miele”, yang bergerak
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the total current assets category show a great amount of investment between 2000 and 2004. However, looking at the drastic increase in the “reacquired franchise rights, goodwill, other intangibles” account would indicate that the aggressiveness of investing and creating assets are not working out in Krispy Kreme’s favor. As the amount of current assets increases, the reacquired franchises account increases, indicating bad investment. Since these accounts discussed are all asset accounts, it bloats
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GROUP RESEARCH PROJECT #1 FASB RESEARCH – CHAPTER 1 ISSUES #1 In recording a business combination, the acquiring company must recognize all identifiable intangible assets of the acquired company. This process can be complex and burdensome. Recently, the Private Company Council (PCC)* provided relief from some of these requirements for private (non-public) companies. What was that “relief” and what document was issued that provided it? *PCC is an arm of the FASB that is tasked with proposing
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Accounting standards for business consolidations XXXX ACC 407 Your name Date Accounting standards for business consolidations In competing market it is very common for one business to merge with another one. In order to survive in this rivalry marketplace, Companies need to expand business to the most profitable capacity. No matter what kind of reasons for company seeking extension under the ownership, the main one is to track potential profit. Today’s business environment Financial Accounting
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increase, not decrease over time. (investopedia). The method of depreciation used by Procter & Gamble to depreciate its PP&E, as indicated in note 1 of the financial statements is the straight-line method. Depreciation expense is recognized over the assets’ estimated useful life. (note 1—Property, Plant and Equipment). The straight-line method is the most simplistic form of depreciation and therefore the most used. There are other forms of depreciation that may be used such as: Activity method, which
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12 months Jul-27-2013 | Cisco | | in millions | | Total Assets | 101,191.00 | Total Liabilities | 42,063.00 | Goodwill | 21,919.00 | Other Intangible assets | 3,403.00 | Book value | 33,806.00 | | | Total outstanding shares | 5,351 | Book value/outstanding shares | 6.32 | | | Total Revenue | 48,816.00 | | TEV/ LTM REVENUE | | | | | Total revenue (in millions) | | Estimated TEV | HPQ | 0.49x | 0.49 | High | 1.8 | 48,816.00 | | 87868.8 | JNPR | 1.80x
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, Pozza, L., & Prencipe, A. (2008). Capitalization of R&D costs and earnings management: Evidence from Italian listed companies. The International Journal of Accounting, 43(3), 246-267. Wyatt, A. (2005). Accounting recognition of intangible assets: theory and evidence on economic determinants. The accounting review, 80(3),
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classify the EAs as intangible assets on its balance sheet. Although EAs are not specifically mentioned in ASC 230, proponents of Alternative 1 believe, given the Company’s accounting policy, the EAs represent ―productive assets.‖ ASC 230-10-20 defines investing activities as follows: Investing activities include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets, that is, assets held for or used in
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944 Financial Services-Insurance/310 Receivables/35Subsequent Measurement General. I did not locate any SEC docs as part of this Codification. 3) Impairment: Impairment is the condition that exists when the carrying amount of a long-lived asset (asset group) exceeds its fair value (FASB 2012). Impairment refers specifically to Topic 360: Plant, Property and Equipment. There are are SEC docs located under 360 Property, Plant and Equipment/10 Overall/S99 SEC Materials. Within the SEC materials
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treatments to be used under international accounting standards for items such as goodwill. Answer. Goodwill means an intangible asset which provides a competitive advantage, such as a strong brand, reputation, or high employee morale. In an acquisition, goodwill appears on the balance sheet of the acquirer in the amount by which the purchase price exceeds the net tangible assets of the acquired company (www.investorwords.com). There are two types of goodwill, one is internally generated goodwill
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