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This assignment is about the financial reporting measurement and recognition issues on intangible assets. This assignment is to be prepared with the help of materials covered in Chapter 5 Fair Value MeasurementChapter 9 Intangible Assetsand Chapter 11 Impairment of Assets of the prescribed textbook, Company Accounting, 9th edition by Leo, Hoggett and Sweeting, as well as appropriate journal articles on this topic.
A minimum of six journal articles is to be used in this assignment. Full references of the articles used must be provided. Required Background The nature of investment in assets made by entities has changed significantly in recent decades In addition to investment in traditional tangible assets several investments in intangible capital have become increasingly important factor of production.
For example, according to an OECD survey, in the total expenditure made by companies in intangible capital was far greater than the investment in tangible capital in developed countries such as United States, Australia and European Countries.
Some commentators have attributed this to the restrictive requirements imposed by accounting rules in most countries, for the recognition of intangible investments as assets in the financial statements.
The current accounting rules do not allow companies to capitalise a substantial part of investments in intangibles and to report them as assets in the balance sheet. Consequently, numerous calls have been made for accounting reforms in many countries, with claims that historical cost approach has outlived its usefulness.
He asserts that current accounting practice leads to systematic undervaluation of intangibles by investors.
This case may have major implications and ramifications for measurement and disclosure of intangibles. Read the abovementioned case, related accounting standards, evaluate the arguments and counter arguments, and research other relevant materials. Give sufficient reasons in support of your answer.
Suppose you are a Chief Financial Officer CFO of Pics Ltd, what business and accounting rationales can you provide to convince the investors, in your upcoming conference call, about the appropriateness of capitalisation of marketing cost?
Evaluate the arguments in favour of reforms for current reporting practices for intangibles and then critically examine the various proposals for the reform of accounting for intangibles in Anglo-American and European countries. Do you see these policy recommendations will resolve the main issues of intangible reporting?
Why, or why not? Loading Form successfully restored The form has been restored from your last edit.
1. Introduction. As a result of the Post-Implementation Review of IFRS 3 Business Combinations (PIR), 1 1 Throughout the study, by PIR we mean the Report and Feedback Statement describing the IASB Post-Implementation Review of IFRS 3 Business Combinations. View all notes the International Accounting Standards Board (IASB) met on 20 February to discuss the follow-up work needed. Various NSS members are also currently writing Papers on other research It is intended that this Paper be the first in a series of Papers relating to intangible assets that will be authored by individual NSS members as the Given the history of the development of this Discussion Paper, there are. Transforming Financial Assets into securities (Asset Backed Securities) Homogeneous assets are pooled and divided into securities with cash flows significantly different from original assets Securitized assets cost less than alternative use of the assets as collateral Transferor (issuer or sponsor) forms a security mechanism to buy the assets.
If wish to start over, please click the button Start Over.CHAPTER 1. The Balance Sheet. The balance sheet is a representation of the company's financial health.
It is presented at a specific point in time, usually the end of the fiscal (accounting) period, which could be a year, a quarter, or a month.1/5(2).
Working. Paper. Columbia Univ., School of Business. Columbia. University, New York. Chapter 12 Intangible Assets Goodwill Write-off Goodwill acquired in a business combination is considered to have an indefinite life and therefore should not be amortized.
For a more complete discussion of how an enterprise should account for its. Gen Week 4 Critical Thinking Quiz This work contains GEN Week 3 Assignment Final Paper Topic Thesis Statement and Annotated Bibliography Education - General Education Annotated Bibliography Review the Final Research Paper instructions located within the Final Research Paper link.
In this paper, we use the terms ‘intangible value’ and ‘value’ and ‘intangible firm value’ to denote the firm’s intangible value measured by its Tobin’s Q, and the term ‘stocks’ and ‘shares’ to denote its stocks.
A new option to self-assess the tax effective life of intangible assets will align the tax treatment of intangible assets with other types of assets and assist innovative companies in exploiting their intellectual property and other intangible assets. This assignment requires: (i) an analysis of the case through a critical review of relevant accounting standards; (ii) critical evaluation of academic literature and (iii) an empirical investigation on reporting practice of intangible assets.