Answer: Introduction: An asset can be described as one that is worthy of being owned by the company and provides economic value to the same, whether tangible or intangible are considered as economic resources for the company in financial reporting. Such assets shall also include such other employees and workforce that are owned by the company and aids in the generation of adding economic value to the same (Horngren, 2013). In other ways, this...Read More >>
Answer: With considerable experience and immense research in the Conceptual Framework and accounting principles, it is highly evident that Tasmania’s Leatherwood Trees comes under the ambit of an asset as they contribute to the regional, as well as the national economy by increasing the reputation. In lieu of this, the standards and the policies that are prevalent in Australia are clearly reflected. The justification for the same has bee...Read More >>
Answer: Introduction The current assignment focuses on the aspect of drug war between nations. The drug war could be further related to the aspect of bio-terrorism where the harmful properties of certain chemicals were tampered for destroying a nation vice-versa it was used for making a nation strong by giving the war soldiers improved treatment procedures. Discussion Some of the evidences from past times could be highlighted over here in...Read More >>
Answer: Financial information regulation is a restrictive supervision requirement that has provided guidelines that restricts and protect the integrity disclosure of the financial information adhere for the safety of the integrity of any information that may affect the users directly or indirectly (Bamber, Jiang and Wang,2010.Pg.1160.) In any prospect operations and success, knowledge is power hence before attending on any matter th...Read More >>
Answer: Acquisition analysis Share capital 100,000 Retained earnings 175,000 Plant 21,000 Computer equipment 14,000 Net fair value of identifiable assets and liabilities 310,000 Net fair value of identifiable assets and li...Read More >>
Answer: “Should human Capital be recognized as on Assets?” 5th April 2017 Tony Local news reporter, Email address- Tony @gmail.com Phone num- XXXXXXXX The success and failure of an entity is always depends upon its employees. Even almost all the organization depict in their annual reports about their key executives, managers and other employees and appreciates their effort for the success of the company. Early evidences ...Read More >>
Answer: Part A Among the most important accounting principles includes that fact that there is a great requirement that the assets with high valuations is the financial position statement. This necessitates the requisite of certain value concepts, in opposition to which the asset carrying amount can be considered for making sure whether it is high. “Paragraph 1 of AASB 136” intends to explain that the asset impairment can be under...Read More >>
Assessment Item – Case Study Part 1 You will hear the most firms say: “people are our greatest asset”. However, they are rarely recorded as such in the balance sheet. Whilst human capital is not commonly recognised in the balance sheet, clearly there are some economic benefits to be obtained from the skills and attributes of certain individuals. Prior literature shows that human capital has become a significant factor determini...Read More >>
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