Essays Tagged: "Intangible asset"
Use the Effect of Goodwill Amortization on the Usefulness of EPS to Evaluate the Relationship between SFAS No. 142 and FASB Conceptual Framework
he way income is determined for combined business entities. In an effort to make Goodwill and other intangible assets accounting more transparent, SFAS No. 142, Goodwill and Other Intangible Assets, r ... amortization. Obviously, SFAS No. 142 supersedes APB (Accounting Principles Board) Opinion No. 17, Intangible Assets. My research will focus on comparing earnings per share (EPS) before Goodwill amor ...
Subjects: Businesss Research Papers > Accounting
Intangible assets
substance have such a large influence on the results of the financial statements? The valuation of intangible assets, such as goodwill, patents and trademarks, can play a large role in improving the ... ation more attractive to investors and more secure to creditors. There are many decisions regarding intangible assets, such as recognition, measurement and amortization. Many of these decisions are su ...
Subjects: Businesss Research Papers > Accounting
Achieving the Value-Added Organization
ny must take into account not only the usual array of assets and liabilities and its hidden assets (intangible but real factors such as R&D, labor relationships, vision, etc.), but also an assessm ... es, its value added.VALUE CREATION PROCESSCompanies create value by making most of the tangible and intangible assets as per the following Value Dynamics Framework diagramThe Value Dynamics Framework ...
Subjects: Businesss Research Papers
Engaging Intellectual Capital
mers and suppliers). Often, the term ``Intellectual Capital'' is treated as being synonymous with ``intangible assets''. The following list shows the diversity of the kinds of value firms are obtainin ... ne of the most striking examples of this phenomenon may be best exemplified by using a non-business intangible: love. Parents are often asked by their child, "How much do you love me?" The answer, of ...
Subjects: Businesss Research Papers > Management
Role of Financial Manager
working capital will become less and less important as the focus of finance shifts increasingly to intangible assets. How these assets are valued and nurtured will have little to do with accounting g ... o the CEO who is actively involved in anticipating industry trends, launching new ventures, valuing intangible assets, and managing business options far more dynamic.A financial manager has numerous c ...
Subjects: Businesss Research Papers > Management
Distinguish the pricing of service from product
these two elements.First of all, the major difference is the nature of the two elements; service is intangible whereas product is tangible (Docters et al, 2004; Groth, 1995; Berry and Yadav, 1996). Ac ... also observe the characteristics of the products that suit more to their preferences.As service is intangible, customers are more difficult to compare price. Unlike the products, customers get to com ...
Subjects: Businesss Research Papers
Real to Reel is a retailer. A company symbolwas devolved by a consultant at a cost of $154,000. How should this transaction be recorded and reported?
y be difficult to place as to where it may be recorded. Several options available may perhaps be an Intangible asset, expense or otherwise. The correct option will be examined further on. This transac ... nsaction such as this isn't clear cut, mainly because the logo is an irregular transaction and it's intangible, ie. isn't physically material.The accountant can classify the company symbol as an intan ...
Subjects: Businesss Research Papers > Accounting
Service marketing communication
ervices marketing from physical goods marketing are: Customers do not obtain ownership of services, Intangible elements dominate value creation, greater involvement of customers in production process, ... hysical channels.Service MACOM different from product MACOMDeveloping a communications strategy for intangible services differs in important respects from advertising and promoting physical goods. Gui ...
Subjects: Businesss Research Papers > Marketing
A company symbol or logo was developed by a consultant at a cost of $250,000. How should this transaction be recorded and reported?
the other hand the company logo do not have any physical substance, so it can also be treated as an intangible asset. According to Trotman, Gibbins (2003, p.370) Intangible assets are long term assets ... long term assets that do not have a visible physical existence, as do land, buildings or equipment. Intangible assets include patents, copyrights, trademarks and other such legal property. So it can b ...
Subjects: Businesss Research Papers > Accounting
Positive Accounting Theory
act to get the best possible return on their investment.7-26a)A masthead would be classified as an intangible asset as it is a non-monetary asset without physical substance. Under the new accounting ... ance. Under the new accounting standard (adopted from international accounting standards) AASB 138 "Intangible Assets", internally generated intangible assets cannot be recognised in the balance sheet ...
Subjects: Businesss Research Papers > Accounting
Accounting For Goodwill
testing) The proposed style for goodwill is in FASB's exposure draft for Business Combinations and Intangible Assets-Accounting for Goodwill. Impairment testing of goodwill has several guidelines, an ... ntage to large companies.¨ This would treat goodwill differently from other identifiable intangible assets.¨ Many users ignore goodwill anyway thus adding cost without any real v ...
Subjects: Businesss Research Papers
EBUS - Ethical, Legal & Regulatory Issues
yIntellectual property (IP) laws are created to protect the creative ideas of companies. IP is "any intangible asset that consists of human knowledge and ideas. Some examples are patents, copyrights, ...
Subjects: Businesss Research Papers
Accounting Treatment for Intangible Assets
AbstractAs intangible assets have become more and more important to companies and investors, the requests about ... ndent calculation is getting higher and higher. So the activities of having a separate standard for intangible assets is necessity and reasonable. But the conservative approach of accounting standards ... ounting standards should make more efforts to improve the recognition, measurement and reporting of intangible assets.IntroductionIn the knowledge-based economy, as the more intensifying of the compet ...
Subjects: Businesss Research Papers > Accounting
Current & NonCurrent Assets PaperWhat are current & non-current assets? What differs b/w current & non-current assets? What is the order of liquidity? How does the order of liquidity apply to the balance sheet?
non-current assets are: leasehold improvements, long-term investments, long-term notes receivable, intangible assets, and fixed assets such as property, plant and equipment (Simple Studies, 2010).Con ... er categorized into four groups; (a) long-term investments, (b) plant, property, and equipment, (c) intangible assets, and (d) other assets. Long -term investments include investments in stocks and bo ...
Subjects: Businesss Research Papers > Accounting
Financial Accounting: Tools for Business Decision MakingFinancial and Managerial Accounting: The Basis for Business Decisions
ial Accounting: The Basis for Business Decisions by Williams, Haka, and Bettner (2005) is Plant and Intangible Assets. Plant assets are "long-lived assets that are acquired for use in business operati ... s operations rather than for resale to customers" (Williams, Haka, & Bettner, 2005, p. 395) and intangible assets are "those assets that are used in the operation of a business but that have no ph ...
Subjects: Businesss Research Papers
Knowledge Management within a Learning Organization
rning OrganizationIntroductionThe Knowledge is the most powerful tool of any organization; it is an intangible asset which does not appear on the company's financial statements. Some small organizatio ... be able to manage its information and utilize its employees' knowledge. Knowledge is one of the key intangible assets an organization possesses.What is Knowledge Management?Knowledge is usually discer ...
Subjects: Businesss Research Papers > Management
“ In a prosperous society, value is predominantly of an intangible nature.”
Skills: Value" In a prosperous society, value is predominantly of an intangible nature." (Marketing Manager)In our modern society, differentiating products and services ... onsumers benefit from a large variety of products in their efforts to satisfy their needs and thus, intangible values, such as quality, customer service and style, have become key determinants of cons ... er service and style, have become key determinants of consumption choices. Firms providing superior intangible qualities will experience greater consumer satisfaction and consequently higher revenues. ...
Subjects: Social Science Essays > Economics
service marketing on tourism
Meaning of Service MarketingA Service is an economic activity that is intangible or not be touched, not be stored, and not be owned. Postal service delivering mail is a S ... value in forms (such as convenience, amusement, timeless, comfort and health) that are essentially intangible.Defining Services Marketing:-Services marketing are a sub field of marketing, which can b ... , but customer want and expect complete entertainment and excellent service for that time period.2. IntangibleServices are intangible in nature, you cannot touch it, cannot see it, cannot taste it. Yo ...
Subjects: Businesss Research Papers > Management
Client Understanding Paper
the sale are less than the book value (FASB, 2014).Adjusting Goodwill for ImpairmentGoodwill is an intangible asset for which the accounting methods are pronounced by FASB issued SFAS No. 142, "Goodw ... t value of future earnings that would exceed normal industry earnings. Goodwill is recognized as an intangible asset when it is acquired through a purchase of an existing company. Its value is determi ...
Subjects: Businesss Research Papers > Accounting