EM6602 Accounting for Decision-Making and Control Microsoft’s Financial Reporting Strategy (HBR 9-100-027) Team Members Toh Wei Hong‚ Prashant Trivedi‚ Preethy Varadarajan Question 1 The difference between Microsoft’s market value and book value is primarily due to unrecorded intangible assets such as brand value‚ customer loyalty‚ human capital‚ and commercial advantages such as long-term contracts and market dominance. These intangible assets confer Microsoft a tremendous edge over its
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opening a branch of a food distribution operation in a foreign country‚ and a local official suggests that a little cash would help your company get started. Research international business and ethical standards‚ and answer the following questions: Q 1. In what ways can culture affect ethical standards and shape business behavior? A. In a way that some countries ethics are much stricter than our good ole USA ethics. In turn I could also state the opposite of our ethics can be tighter than some
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To what extent does criminal law reflect the moral and ethical standards of society? Criminal law is a construct of the government‚ enforced through tangible measures. In a democratic society‚ the government is elected by the citizens‚ and as such‚ laws are generally conceived with the aim to reflect whatever ethical or moral standards are presently acceptable. However‚ in order to be truly effective‚ some legislation must circumvent current sociological viewpoints in order to create laws that
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FRAMEWORK FOR FINANCIAL REPORTING SCOPE OF THE FRAMEWORK The existing framework deals with the ■ Objectives of financial statements; ■ Qualitative characteristics of financial statements; ■ Elements of financial statements; ■ Underlying Assumptions; ■ Recognition of the elements of financial statements; ■ Measurement of the elements of financial statements; and ■ Concepts of capital and capital maintenance OBJECTIVES The objective of general purpose financial reporting. The objective
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Nursing in Michigan and Practice Standards As Registered Nurses in the United States of America‚ we have all experienced passing board exams and having to apply for licensure applicable to each of our individual states. The board exams now known as NCLEX or National Council Licensure Examination are universal across the country. However‚ individual licensing requirements for a renewal or reapplication process differ from state to state. Some states such as Texas have additional testing requirements
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because there is always something new each time you do them. A simple task like taking someone a hot drink may result in a lesson – for example‚ you may find that the person tells you they do not want tea‚ but would prefer coffee this morning. You will have learned a valuable lesson about never making assumptions that everything will be the same. Learning from working is also about using the huge amount of skills and experience that your colleagues and supervisor have. Not only does this mean
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Written Brief #4 Ethical conduct on its surface seems like a simple enough area to grasp firmly and abide by. Most people are born hard wired with a certain sense of order that is conventionally thought of as ethical conduct. Ethical conduct cannot be gauged and categorized due to its ever changing nature. Today’s public administrators face many dilemmas in regard to ethical conduct. This is not because today’s public administrators are inherently evil. This is mainly due to the elevated
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Microsoft’s Financial Reporting Strategy Q1. What are the factors that likely explain the equity and its reported book value of equity? Question 1 2 3 4 5 6 1999 Market Capitalisation: USD 460 Billion Book Value: USD 28 Billion MVE more than 16 times of BVE! Factor 1 Question 1 2 3 4 5 6 Intangible Assets • BVE does not reflect certain intangible assets’ value such as brand‚ customer loyalty‚ and human capital – Likely to provide tremendous earnings growth
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Reporting Contingencies and the Financial Statement When faced with a lawsuit you have to know whether or not to consider contingencies. According to Schroeder‚ Clark‚ and Cathey (2005) a contingency is a future event that could possibly have an impact on the firm. There are four different ways a contingency should come to view and they are income tax disputes‚ notes receivable discounted‚ accommodation endorsements‚ and what this company is dealing with a pending lawsuit. When a gain is possible
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Lecture 1 – Corporate Financial Reporting and Revision LECTURE OUTLINE Outline the nature and characteristics of companies Describe the sources of corporate financial reporting in Australia Identify which entities need to prepare financial reports that comply with accounting standards Account for share issues and dividends Account for asset revaluations and asset impairment Nature of Companies Type of organization established under the cooperation’s act 2001 Legal capacity and powers
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