Physical resources are essential for the business to carry out its day to day activities and running of the organisation, therefore managing of physical resources is important to an organisation. Physical resources include: buildings and premises, equipment,
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Term Receivables Investment In Unconsolidated Subsidiaries Other Investments Property Plant & Equipment Net Property Plant & Equipment Gross Land Buildings Construction Work In Progress Machinery & Equipment Rental/Lease Property Transportation Equipment PP&E - Other PP&E Under Capitalized Leases (Less) Accumulated Depreciation Accum Depr-Land Accum Depr-Buildings Accum Depr-Machinery & Equip. Accum Depr-Rental/Lease Property Accum Depr-Transport Equip. Accum Depr-PP&E Other 14.4 3.8 10.7 8.5 31.4 32
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physical resources include: * Buildings and premises * Equipment * Facilities * Plant and Machinery * Material and waste Every organisation needs a premises to work and should be aware of the size they need, how the environment is, where the premises is located and would it fit the requirements for the customer needs e.g. is there a drive thru for KFC? The equipment needs are crucial as if there is lack of equipment this would mean for a business like KFC it
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PPE defined Property, plant and equipment are “tangible assets which are held by an entity for use in production or supply of goods and services, for rental to others, or for administrative purposes, and are expected to be used during more than one period. Major characteristics of PPE a. They are intangible assets, meaning with “physical substance”. b. Are use in business, meaning used in production or supply of goods and services, for rental purposes and for administrative purposes
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SECTION 1: EXECUTIVE SUMMARY In this section provide a brief overview of the corporation. Participants are not limited but, at a minimum, should provide the following information: • Official name of the corporation Wal-Mart Stores Inc. • Location of the corporate headquarters 702 SW 8th Street Bentonville, AR 72716 • The state in which the company is incorporated Arizona • Company Internet address http://www.walmart.com • Stock symbol of the corporation and the exchange on which it is
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requirements at the fiscal years ending 2002 and 2003. 3. Recommendations about operating and financial changes based on the historical analysis and forecast. 4. Analyse the option to invest now or wait three years to buy the packaging equipment. 1. Key insights on Star River historical performance by considering the income statements of the last four years (1998 to 2001). * Interest coverage: as depicted in the graph 1.1L, the capacity of Star River to pay current interests
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somewhere between the 'Current Assets' and 'Current Liabilities' sections is a collection of long-lived, revenue-producing assets broken up into two categories - 'Property, Plant, and Equipment' (PP&E) and 'Intangible Assets'. PP&E often contains such non-current assets as land and buildings, motor vehicles, office equipment, computers, and plant and machinery. Intangible Assets is a much broader category including anything from copyrights and patents to trade secrets, customer lists/leads, noncompetition
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Assignment on Intangible assets: Intangible assets are assets that lack physical existence and are not financial instruments. Intangible assets are usually classified as concurrent (long-term) assets because they produce benefits over several years. They are valuable because they provide rights and privileges to their owners. Examples of intangible assets are: trademarks, copyrights, patents, franchises, customer lists, and goodwill. Intangible assets have the following classifications:
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GAAP and IFRS Comparisons Mark Evans ACC/291 June 16, 2014 Michael Mosley GAAP and IFRS Comparisons Accountability requires standards. Standards are used in accounting processes to ensure accuracy and continuity of information for intended audiences. Generally Accepted Accounting Principles (GAAP) is the set of standards used in the United States. International Financial Reporting Standards (IFRS) is the set of standard accepted internationally. Each set of rules has similarities and
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ACCT FINANCIAL ACCOUNTING Time Allowed: 2 Hours Question 1 Recording Transactions (20 marks) For each of the following ten independent events (parts a to j) involving Partnare Limited in the month of June, prepare the journal entry (if necessary) to record the event. Financial statements are being prepared as at 30 June. If you believe that no entry is necessary, clearly write ‘No Entry’. A blank response will be marked as incorrect. Narrations are not necessary. Partnare Limited
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