College Number(Bottom Left of College Card) | 100724676 | Year: | 3 | Course Code | MN3245 | Course Tutor: | Professor Christopher Napier1 | Assignment No.: | 1 | Degree Title: | Management with Accounting | Question No. & Title: | Fair Value Accounting Standard | Candidate Number: 1401240 Fair Value Accounting International Accounting Standard Board defines Fair Value and it gives a guide on how to measure it in the IFRS13 section. Fair Value is “ the price that would
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ENDED 2014 Current assets Cash $232,890 Accounts receivable (net) 342,890 Inventory (lower-of-average-cost-or-market) 403,890 Equity investments (trading)-at cost (fair value $123,660) 143,660 Property, plant, and equipment Buildings (net) 573,660 Equipment (net) 163,660 Land held for future use 178,660 Intangible assets Goodwill 82,890 Cash surrender value of life insurance 92,890 Prepaid expenses 14,890 Current liabilities Accounts payable 138
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645,000. Downey’s book value at that date totaled $4,000,000. Appraisal values were greater than book values for identifiable assets in the following amounts: Inventory ($300,000) and Plant and Equipment ($700,000). The purchase differential for Inventory is to be amortized over five months and Plant and Equipment over ten years. For the remainder of 2005 Downey reports $635,000 of income and pays $100,000 in dividends. The following balances exist for Crane at December 31, 2005, and Downey at March
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PG&E CORPORATION | SELECTED CONSOLIDATED STATEMENTS OF OPERATIONS | (In millions, except per share amount) | | | | | | | | | | | Year Ended December 31, | | | | 2008 | | 2007 | | 2006 | | Operating Revenues | | | | | | | | Electric | $ | 10,738 | $ | 9,480 | $ | 8,752 | | Natural Gas | | 3,890 | | 3,757 | | 3,787 | | Total operating revenues | | 14,628
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include the damages of: - Machines - Equipment - Vehicles - Power systems, buildings. They may be accompanied by explosions, fires, release of chemical, radioactive substances, without considerable material damage and serious human casualties (explosions can be caused by improper use of household and gas stoves or gas cylinders). In most cases, these accidents are evoked by violation of the production technology, a large depreciation of equipment, failure to comply with security measures
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Consulting Project Manager Ken Nowling Project Manager Black & Veatch 11401 Lamar Avenue Overland Park, KS 66207 anderson-higgsaa@bv.com Coal characteristics affect nearly every operational facet of a power plant, including forced outage rate, maintenance costs, auxiliary power requirements, net plant heat rate, emissions, and the ability to meet full load. Therefore, it is difficult to predict the relative economics associated with significant changes in coal quality due to coal cleaning or coal blending
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Notes to Consolidated Financial Statements Note 1 Summary of Significant Accounting Policies Nature of Operations Wireless Cookies, Etc is a company that manufactures and distributes various types of baked goods to wholesale retailors and individuals via the internet. The products are available to everyone who has internet connection and is interested in selling our product in their store. The product is available in the USA, several European countries, several Caribbean countries. The cost
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Introduction All internal audits carried out are carried out in compliance with Internal company standards and procedrues has been assessed by the National Safety Authority (Railway Safety Commission) as part of the submission for safety certification under Commission Regulation 1158/2010. Our internal audit processes meets the requirements of section S of the Common Safety Method Directive (CSM) by demonstrating that there is an auditing system that is • Independent • Impartial and transparent
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represents a cash inflow or cash outflow or has no cash flow effect. Assume use of the indirect approach. Transaction Where Reported Cash Inflow, Outflow, or No Effect? Depreciation expense on the plant assets Noncash (NC) Inflow Paid interest expense. Investing (I) Outflow Cash from a sale of plant assets. Investing (I) Inflow Acquired land by issuing common stock. Noncash (NC) No Effect Paid a cash dividend Financing (F) Inflow Distributed a stock dividend Noncash (NC)
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chart. Of course there was no listed information on the cost of normal operations in the scenario. 3. what is the project’s initial outlay? The projects initial outlay would be about 100K. The 100K for working capital plus the cost of the plant equipment of 7.9 million and the shipping 4. Sketch out a cash flow diagram for this project. 5.What is the project’s net present value? According to the cash flow diagram above, the project’s net present value is $ 17,876,571 6. What is it’s
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