Asset

The accounting standards guide the accounting and reporting of a company’s revenues, expenses, assets, and liabilities. In the accounting of non-financial assets under the Generally Accepted Accounting Principles (GAAP) and International Reporting Financial Standards (IFRS), there are perceived similarities and significant differences with far reaching implications in the accounting practice. Consequently, the Financial Accounting Standards Board (FASB) and the International Accounting Standards…

whereby shareholders’ equity is obtained by using total asset less total liabilities. (Total Assets-Total Liabilities )/(Total Outstanding Shares)=Book value per share (38199000-7624000 )/174006000=0.18 SGD per share (Japan Foods Holding Ltd, 2015)(Appendix A) Market value per share as of 31 march 2015 = $0.49 Singapore dollars. (Yahoo! Finance, 2015) (Earl K.Stice, 2015) Inaccurate estimation of depreciating assets One major component of assets in JFH’s balance sheet is Property, Plants and…

Adley- Week2 DQ2 Initial Reply Capital expenditures (CAPEX) are actual expenses incurred to purchase or maintain property assets. These cash outflows are capitalized on the balance sheet, shown as depreciable expenses on the income statement, and deducted over an IRS-specified term of 3-7 years. Explicitly regarding pro forma analysis, CAPEX are projected costs to maintain the asset in good repair, and a line-item section under improvements of the depreciation schedule, along with tenant…

Significant assets acquired included property, plant, and equipment totaling $865 million and other assets totaling $145 million. Billy’s also assumed a substantial amount of Little Drummer’s liabilities. The useful lives assigned to the plant, and equipment acquired were 30 years for the plant and 15 years for the equipment. The useful lives for the plant and equipment already owned by Billy’s are 20 years and 10 years, respectively. Acquired customer lists, included in other assets, were…

PURPOSE: This memo describes the issue of emission allowances as intangible assets and the accounting treatment to correctly show this kind of assets on the statement of cash flows. SUMMARY - Classification in the Statement of Cash Flow of the purchase made on April 2, 2010, of emission allowances from Clean Air Corp. - Classification in the Statement of Cash Flow of the sale made to Dirty Chemical Corp. for emission allowances with the vintage year of 2016. - Correct classification of the…

balance sheet is a financial statement that shows the assets (what the company owns), liabilities (what the company owes) and equity (stockholders contributions plus retained earnings or losses) of an institution at a given point in time. The balance sheet formula is: Assets = liabilities + shareholder’s equity. The balance sheet formula of a bank is: Bank Assets = Bank liabilities + Bank’s capital The difference between the two is the way assets and liabilities are recorded and on the…

and resources. Starbucks does not evaluate the performances of its operating segments using asset measures. Identifiable assets by segment disclosed in Starbucks notes are assets specifically within each segment, including cash and cash equivalents, net property, plant and equipment, equity and cost investment, goodwill, and other intangible assets. Assets that were not reported include, investments, assets of the corporate headquarters and roasting facilities, and inventory. According to the…

Regarding to inventory and fixed assets management, I identified 4 potential commercial vendor solutions through online research. In this assignment, I will state the name, offer brief description, and list corresponding features of each vendor. Then, I can discuss my personal work with other group member, which makes a good preparation for our group assignments. Description: According to its website: Restaurant365 is a good software development company and Microsoft Certified Partner. The…

about. In a very brief statement, your net worth is virtually everything you own statistically (your assets) minus what you owe in debts (your liabilities). Assets include money and investments, your home, real estate, cars you own. Debt are what you owe on those assets including car loans, mortgage, and student loan debt. Therefore, net worth can be calculated as: Assets − debt = net worth or assets = debts + net worth. b. What is the meaning of the statement that your net worth is the equity…

Red Soda Company vs. Blue Soda Company The Red soda company and the blue soda company was compared financially to determine financial ratios, turnovers, and coverages. Such ratios included the current ratio and the debt to asset ratio. Accounts receivable turnover and asset turnover was used to determine the stability of the company, and Current cash debt coverage was used to help determine liquidity. The following are the results. Liquidity Ratios Liquidity ratios are used to measure a…