Depreciation Accounting 1 Types of Long-Lived Assets • Tangible asset • Asset with physical substance • Property, plant, and equipment = fixed asset. • Intangible asset • Intellectual property. • No physical substance • Examples are patent rights, copyrights 2 Amortization • View capital asset as bundle of services • Similar to prepaid expenses, cost is expensed as company benefits from the services • • • • Land - no depreciation Plant and equipment - depreciation Natural
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Note: Sentences beginning with a * are using material or quotes from the text or Investopedia.com 1. Companies present four related financial statements and their accompanying footnotes: * The Balance Sheet: * Is a financial statement that summarizes a company's financial condition at a specific point in time, * Follows the formula Assets = Liabilities + Shareholder’s Equity, which makes sense because the company must pay for the resources it owns (assets) by either borrowing money (liabilities)
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Contents ANNUAL REPORT 2011 2 7 8 15 16 17 20 6 14 Notice of Annual General Meeting Corporate Information Corporate Governance Statement Statement on Corporate Social Responsibility Statement on Internal Control 24 26 27 87 92 25 Chairman’s Statement Corporate Structure 86 Financial Statements 91 List of Group Properties 94 Analysis of Shareholdings Proxy Form 19 Directors’ Profile 23 Audit Committee Report 2 UMS HoLDINGS BeRHAD (74125-V) ANNUAL RePoRt 2011 notice of ANNUAL GeNeRAL MeetING
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The importance of medical management Records may be termed as any information and documents kept in a systematic, scientific and easy ways that help to receive the required data at the time of necessity. Similarly, Medical record is also a systematized way of storing the required data, information and other relevant documents with the objective of making easy availability of necessary data at the time of its need. Medical record consists of name of patient, address, age, sex, occupation, disease
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A Christmas Carol by Charles Dickens Ebenezer Scrooge acts as the main character within this novel in which he is depicted as a “squeezing, wrenching, grasping, scraping, clutching, old sinner as self-contained and as solitary as an oyster”. He is incapable of relationships. However, throughout his life of suffering he is guided by the Ghosts of Christmas past, Christmas Present and of Christmas future. A Christmas Carol is a celebration of Christmas and the good it inspires. Scrooge was
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concentrate on the emergence of local corporatist state framework, which is paving a new way for the autonomy of the NGOs. Although, Chinese state-centric model of CSR is contrary to the market-based model (US) and relational model (EU); but non-monolithic nature of the present state is contributing towards local government influence and control. The NGOs in Shanghai & Guangdong province indicates that local governments implement their own policy in the absence of higher-level guidance of central policy
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providing any share of profits to the donor or donor’s family ran rampant in the 1940s and 50s. Each time someone donated part of themselves to science, the doctors returned no profits. People of poor circumstances donated tissues, an act of extreme goodwill, and they remained in poor circumstances. Those who give part of themselves should not die because they could not afford the health insurance to pay for techniques their tissues might have
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1 Av o n 2 0 11 A n n u a l R e p o r t To Our Shareholders: I am writing you at a time of momentous change for your company. After 12 years as Avon’s CEO, I believe that the time is right to recruit a new CEO to lead the company’s next chapter. As Avon’s Chairman, I am committed to ensuring a successful management transition, maintaining our strong relationships with approximately 6.4 million active independent Representatives worldwide, and working with the new CEO in supporting the company’s
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CLASS 1.1 Important concepts Entities – tax versus legal • Tax entities o People, partnerships, joint venture, companies … are considered to be entities for the purposes of calculating income tax. • Legal entities o Companies, which have separate legal personalities, are legal entities. Income flows • Income should be considered as a cash flow stream, where timing is important. • The question is, when the income recognised as earned or deducted (because tax delayed is tax denied)?
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case, DePuy is trying to sue one of their distributors Joint Venture for breach of a non-compete agreement. Under the non-compete covenant Joint Venture disclaim the rights to any of DePuy intangible assets, including intellectual property (IP), goodwill, and customer lists. DePuy claims that Joint Venture breached the non-compete agreement which caused a drop in sales and damaged their relationship with customers in the territories outlined within the agreement.Therefore, the legality of the contract
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