Describe the amortisation requirements for certain identifiable intangible assets and the changes to accounting for goodwill introduced as part of the convergence with international accounting standards. How will these changes affect reported profit? General amortisation requirements Intangible assets (other than goodwill) that are considered to have a limited useful life are required to be amortised over their useful lives defined as ‘the period of time over which the asset is expected to be used
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Objective 1. Determine the total considerations transferred. 2. The land and buildings should be recorded on the premise of “in-use” or “in-exchange”. 3. Determine the fair value recorded for the intangible assets. Applicable accounting pronouncement ASC 805-20-25 Business Combinations-Identifiable assets and liabilities and any non controlling interest-Recognition Recognition Conditions 25-2 To qualify for recognition as part of applying the acquisition method‚ the
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Master of Business Administration- MBA Semester 1 MB0041 – Financial and Management Accounting Q1. Accounting is one of the oldest‚ structured management information system. Give the meaning of accounting and book keeping? Explain the objectives of accounting? ANS. Meaning of Accounting- The systematic and comprehensive recording of financial transactions pertaining to a business. Accounting also refers to the process of summarizing‚ analyzing and reporting these transactions. The financial statements
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The basic principles of an accounting information system include all of the following except | | | Student Answer: | | cost effectiveness. (Cost effectiveness is one of the basic principles of accounting information systems.) | | | | flexibility. (Flexibility is one of the basic principles of accounting information systems.) | | | | useful output. (Useful output is one of the basic principles of accounting information systems.) | | | | periodicity. (Correct! Periodicity
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Q2-Evaluate Vegemite’s brand image based on the social media research undertaken by Talbot and his team .In light of these historic factors‚ Why did Talbot want to revitalize the brand? Answer-Part 1 The brand image is the brand’s total personality impression in the consumer’s mind (real and imaginary qualities and shortcomings). It is developed through advertising campaigns over time with a consistent theme. Talbot and his team conducted social media research and there objective was to: - 1
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Chapter I THE PROBLEM AND A REVIEW OF RELATED LITERATURE 1. Background of the Study The progress of men has been continuously evolving from many years ago since they first populated the world. The use of different primitive tools from stone‚ bone‚ ivory and wood proves that knowledge and skill already exist; and that were the inherent tools of men. As time goes by‚ these knowledge and skill are endlessly developing that led to the progress and innovation of the human race and their resources
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Discuss the advantages and disadvantage of using expatriates rather than host country nationals to staff foreign subsidiaries. The success of an international business operation depends largely on the people in charge and the decisions they make (Bartlett & Ghoshal‚ 1992; Black & Gregersen‚ 1999; Hiltrop‚ 2002)‚ and the human resource function is a critical part of that success (Jaw & Liu‚ 2004; Rodriguez & dePablos‚ 2002; Rowden‚ 2002; Tung‚ 1998). Unless the staffing practices that select those
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GLOBAL JOURNAL OF BUSINESS RESEARCH ♦ VOLUME 3 ♦ NUMBER 2 ♦ 2009 AN EMPIRICAL STUDY OF WHOLLY-OWNED SUBSIDIARIES AND JOINT VENTURES FOR ENTRY INTO CHINA MARKETS Yung-Heng Lee‚ Northwestern Polytechnic University‚ USA Yann-Haur Huang‚ Northwestern Polytechnic University‚ USA Mei-Jane Chan‚ Northwestern Polytechnic University‚ USA ABSTRACT The aim of this study is to empirically investigate the effectiveness of The Eclectic Theory in explaining the entry mode choices of Taiwanese Electronic Components
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Content 1 Introduction 1 1.Task one 2 The models and concepts affecting the pricing decisions taken by organisations‚ critically reflecting upon their usefulness 2 2‚ Task two 6 The role of standard costing and variance analysis in management accounting and a critically discussion of the value and limitations of variance analysis as a means of identifying key areas which have contributed to the overall profit figure. 6 3‚ The advantages and disadvantages of introducing an Activity Based Costing
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A man‚ a myth‚ a possible candidate for the UNICEF Goodwill Ambassador? Who else could it be but Gary Paulsen? Angelina Jolie has stepped down from her post at UNICEF‚ a non-profit organization that fights for children’s rights and well being around the world‚ leaving it in desperate need of a Goodwill Ambassador to spread their message to the public. Despite the fact that many people believe that Eleanor Roosevelt should be the next Goodwill Ambassador for UNICEF‚ Gary Paulsen would be infinitely
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