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Asset Essays & Research Papers

Best Asset Essays

  • Current Assets and Noncurrent Assets Current and Noncurrent Assets Paper Johnnie Kersh September 08, 2014 ACC/400 Kylene Smith What is an asset? An asset is an item that is owned by customers and businesses. It has an economic value that can be converted into cash and help repay debts. It also tells how much a business has in value. Accounts receivables, cash, and securities are some examples of assets. Assets are equal to the sum of liabilities, common stock, preferred stock, and retained earnings... 845 Words | 3 Pages
  • Asset and Business - 5613 Words  Table of Contents I. II. III. Executive Summary IV. V. Write this last so that you can summarize the most important points from your business plan. VI. Provide a concise but positive description of your company, including objectives and accomplishments. For example, if your company is established, consider describing what it set out to do, how it has accomplished goals to date, and what lies ahead. If new, summarize what you intend to do, how and when you intend to do it, and... 5,613 Words | 46 Pages
  • Asset Irregularities - 887 Words Substantive Procedures for Asset Irregularities Student Name ACC 556 September 17, 2012 Instructor Name Introduction The following will outline the procedures and steps necessary to detect irregularities that can occur in the accounts receivable, inventory and fixed assets of Apollo Shoes. The flowcharts will show how the use of internal controls is integral to the overall success of the organization. In the accounts receivable, the sales and billing processes are an area that would... 887 Words | 4 Pages
  • Assets and Liabilities - 571 Words ASSETS & LIABILITIES Asset is an item of value owned by the company. Assets can be tangible i.e. those which have some physical existence or can be intangible i.e. which do not exist in physical form but can be held in the form of contracts or rights. Assets are usually grouped in order of liquidity (ease of conversion to cash) on the balance sheet. Cash is therefore the most liquid of all assets. Assets can be classified as: 1.) Current Assets – Those assets that are expected to be converted... 571 Words | 2 Pages
  • All Asset Essays

  • Fixed Asset - 841 Words Assets: An asset is anything, tangible or intangible, of value which a business owns or controls and which can be converted into cash. Assets can be of two types: current and long-term assets Current Assets: These make up the first major component of a balance sheet. These assets are composed of items that are either in cash terms already or can be easily converted into cash terms within a year, if, for instance, a company decides to wind up its operations. Examples of current assets are... 841 Words | 3 Pages
  • Asset Liability - 3090 Words INTRODUCTION A bank’s profitability is of utmost concern in the modern economy, commercial banks are in the business of receiving deposits (liabilities) and to issue debt securities on one hand and create or invest in assets on the other hand during these transactions banks incur costs for their liabilities and earn income from their assets. Asset – liability management is therefore very critical for the sound management of the finances of any organisation that invests to meet its future... 3,090 Words | 10 Pages
  • Plant Asset - 1269 Words Life University Chapter 4 Chapter Sections 1. 2. 3. 4. 5. 6. 7. Cost of plant assets Lump sum purchase Capital expenditure and Revenue expenditure Depreciation method Partial year Depreciation Revise estimate of salvage value and useful life Disposal of plant assets Long Term Assets • Plant Assets • Natural Resource • Intangible Assets Plant Assets • • • • Possess physical substance. Used in operation and not for resale. Long-term in nature Examples:  Land  Land Improvement... 1,269 Words | 12 Pages
  • Intangible Asset - 1948 Words ABSTRACT The purpose of this study is to examine several issues when dealing with intangible assets. By means secondary research, relevant evidence from many sources was selected, evaluated and organized into three main points, which are research and development cost, brand valuation and the risk of intangible asset in financial statement in relation with market and book value. The evidence includes statistical data and expert opinion. The research results that intangible assets give a... 1,948 Words | 5 Pages
  • Asset Management - 10700 Words CHAPTER ONE THE PROBLEM AND ITS SETTING 1.0 INTRODUCTION Asset management is a concept that companies use to ascertain the value of their assets. It provides a quick measure of the worthiness of the organization and so becomes easier for organizations to prepare their final accounts as they are able to quickly estimate the value of their assets. Well managed organizations are required to perform regular fixed asset audits. Tracking and managing corporate assets and equipment is a challenge to... 10,700 Words | 39 Pages
  • Agricultural Assets - 8300 Words A practical guide to accounting for agricultural assets November 2009 PricewaterhouseCoopers’ IFRS and corporate governance publications and tools 2009 IFRS technical publications Manual of accounting – IFRS 2010 Global guide to IFRS providing comprehensive practical guidance on how to prepare financial statements in accordance with IFRS. Includes hundreds of worked examples and extracts from company reports. The Manual is a three-volume set comprising: • Manual of accounting –... 8,300 Words | 71 Pages
  • Intangible Assets - 763 Words We can only imagine next generation of business if we can find the importance and growing of the Intangible assets in industry. The tremendous growth and the level of critical data, documents (either by email, fax, data transfer, cloud, or any channel of communication) and knowledge are the major area and by protecting them, we can get sustainable competitive advantage. For any organization its major concern that intellectual’ assets are well marked as per there risk level and properly managed.... 763 Words | 2 Pages
  • Asset Management - 13216 Words Strategic Asset Management Plan 2006 - 2011 Prepared by Director, Asset Management Services Approved by University Council 18 November 2005 Version 1.2 November 2005 University of Tasmania –Strategic Asset Management Plan 2006-11 Table of Contents Executive Summary 3 1 Introduction 5 1.1 Purpose of the Strategic Asset Management Plan ................................................... 5 1.2 Background... 13,216 Words | 49 Pages
  • Intangible Assets - 4989 Words  TRUE-FALSE—Conceptual 1. Intangible assets derive their value from the right (claim) to receive cash in the future. 2. All research phase and development phase costs are expensed as incurred. 3. Research phase costs are capitalized as an intangible asset once economic viability. 4. Companies are required to assess the estimated useful life and salvage value of intangible assets at least annually. 5. Impairment testing is conducted annually for both... 4,989 Words | 23 Pages
  • Intangible Assets - 1054 Words On just about any company's balance sheet, somewhere between the 'Current Assets' and 'Current Liabilities' sections is a collection of long-lived, revenue-producing assets broken up into two categories - 'Property, Plant, and Equipment' (PP&E) and 'Intangible Assets'. PP&E often contains such non-current assets as land and buildings, motor vehicles, office equipment, computers, and plant and machinery. Intangible Assets is a much broader category including anything from copyrights and patents... 1,054 Words | 3 Pages
  • Fixed Assets - 59645 Words Accounting for Fixed Assets Accounting for Fixed Assets Second Edition Raymond H. Peterson John Wiley & Sons, Inc. Copyright © 2002 by John Wiley and Sons, Inc., New York. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without... 59,645 Words | 182 Pages
  • Intangible Asset - 1158 Words Assets 2 (Intangible Assets) Based on Week 4 Due Week 5 (due 25th March) NOTE: Provide references for your answers and quote where you have written something that is word-for-word from a source Textbook Questions (15 marks): Challenging Question 29 (5 marks) Inglis Ltd has a number of taxi licences that are shown in the financial statements at cost. Can these licences be revalued to fair value and, if so, do they also need to be subject to periodic amortisation? Yes, if these taxi... 1,158 Words | 4 Pages
  • Asset Utilization - 450 Words Asset Utilization measures a company’s efficiency in managing its assets to generate sales. Receivable Turnover Ratio tells how quickly Target customers are paying. A high turnover ratio is generally a good thing since it means that customers are paying their bills. It also shows that the Target is very responsive in its credit and collection policies and extending credit to enough customers. Average collection period measures the timeframe of which Target customers are paying their debt. The... 450 Words | 2 Pages
  • Current Assets vs. Non Current Assets Current Assets vs. Non Current Assets Current assets are listed on the balance sheets in accounting. The total of all the cash that you have in your business or account is your current assets on your balance sheet. These assets include the following: cash, accounts receivables,, inventory, marketable securities, prepaid expenses, and anything else that you can think of that could be convert to cash in less than a year. When a company goes bankrupt the assets of a company are important because... 450 Words | 2 Pages
  • Asset and Accounting Standards Codification 1 . FASB Accounting Standards Codification (FASC) This section deals with certain general background considerations and information related to the FASC and the answers can be found by clicking the “About the Codification” and “Notice to Constituents” sections on the FASC Welcome Page. This section is a good general source of information about the FASC and should be reviewed prior to starting to answer the specific questions set forth in all sections. The related research questions that you... 582 Words | 3 Pages
  • Economic and Accounting Assets - 485 Words ECONOMIC AND ACCOUNTING ASSETS Assets are the resources of a business organization that were acquired in a market transaction and that will provide future economic benefits to the organization. It is important to understand the distinction between assets that are recorded and those that are not. The definition of assets above reflects two criteria: they (1) were acquired in a market transaction, and (2) will provide future economic benefits to the corporation. Accountants typically rely... 485 Words | 2 Pages
  • Intangible Assets Quiz Questions ANS ADVANCED FINANCIAL ACCOUNTING 260 INTANGIBLE ASSETS QUIZ QUESTIONS 1. List two assets which would not meet the ‘identifiable’ aspect of the definition of an intangible asset. (2 Marks) Answer: Goodwill and Knowledge. These items are either not separable from the company or do not meet the definition of an asset because the benefits they represent cannot be controlled by the entity. 2. Intangible assets acquired via a separate acquisition are always recognised. Why? (2 Marks) The... 1,367 Words | 6 Pages
  • Intangible Assets Quiz Questions ADVANCED FINANCIAL ACCOUNTING 260 INTANGIBLE ASSETS QUIZ QUESTIONS 1. List two assets which would not meet the ‘identifiable’ aspect of the definition of an intangible asset. (2 Marks) 2. Intangible assets acquired via a separate acquisition are always recognised. Why? (2 Marks) 3. How is an intangible asset acquired as part of a business combination measured for initial recognition? Why? (2 Marks) 4. List two ways that fair value could be determined for intangible assets acquired as... 479 Words | 2 Pages
  • Asset and Virtual Organizations - 585 Words Resource: Virtual Organizations Click the Virtual Organization link on the student website to access the Virtual Organizations. Select one of the Virtual Organizations as the basis for the assignment. - lets decide on this soon since Ms. Angela has to approve this selection. Obtain faculty approval of your selected organization before beginning the assignment. Access the information contained in your selected organization’s balance sheet and income statement to calculate the... 585 Words | 6 Pages
  • Intangible and Tangible Assets - 3812 Words The value of intangible assets can be much more variable than tangible assets. This variability increases the likelihood of a discrepancy between book and market values. Learn about how investors deal with the differences between the book and market values of tangible and intangible assets. Tangible vs. Intangible Assets Financial statements are historical documents that show what a company was worth at one point in time. Because of standard accounting practices, an asset must be... 3,812 Words | 12 Pages
  • Fixed Assets, Poa - 471 Words Fixed Assets Already Owned List below assets you already own that you expect to use in your business. This list is important for several reasons: • To identify the assets that are available for use that do not have to be purchased. • To develop your business financial statement if you are planning a business expansion rather than a start-up. • To develop information for the Personal Financial Statement. • To develop the information you will use to show your... 471 Words | 3 Pages
  • Financial Asset Valuation - 1897 Words Menu Part I 1 Calculation of overall Macaulay Duration for 1 Calculation of Duration Gap for the bank 1 Scenario Analysis 2 Estimation of magnitude of interest rate increase 3 Part II 4 Market price (in US$) of the three T-notes/bonds 4 Macaulay Duration values of the three T-notes/Bonds 4 Convexity values of the three T-bonds 5 Part III 7 Maximum Amount of Investment 7 Investment Selection 7... 1,897 Words | 10 Pages
  • Long-Term Asset Impairment In March of 1995 the Financial Accounting Standards Board issued Statement No. 121 "Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to Be Disposed Of". The statement established accounting standards for the impairment of long-lived assets, certain identifiable intangibles, and goodwill related to those assets to be held and used. The statement also established accounting standards for the disposal of long-lived assets and certain identifiable intangibles.... 2,283 Words | 6 Pages
  • Current and Non-Current Assets Running head: Current and Non-Current Assets Current and Non-Current Assets University of Phoenix ACC400 Debra Latimore Introduction Starting a business calls for the acquisition of assets which help the business in its growing process. Assets are material or non-material resources of value owned or controlled by the company which was acquired at a measurable cost (Solution Matrix, 2004). There are two main specific types of assets: current assets and non-current assets, both of... 845 Words | 3 Pages
  • Current and Noncurrent assets - 925 Words Current and noncurrent assets There are two main categories that assets can fall in, and those are current assets and noncurrent assets. Assets are valuables such as cash, inventory, trademarks, and property. Current and noncurrent assets differ from one another in several ways. The main difference among current assets and noncurrent assets is the time it takes for them to liquidate when needed. The order of liquidity is presented on the balance sheet in the order of the amount of time it... 925 Words | 3 Pages
  • The Importance of Intangible Assets - 4499 Words The Importance of Intangible Assets Evaluation of Transitional Issues from a Canadian Standpoint Contents Topic Page 1. Executive Summary 3 2. Report I. The Trade-off Between Relevance and Reliability 4 II. "Nothings" are Something to Consider 5 III. Current Practice in Canada 5 IV. The Challenge of Valuation 6 V. Analysis of Potential Improvements to Canadian Standards 7 • Issue One - Valuation  Valuation and... 4,499 Words | 12 Pages
  • Long-Lived Assets - 324 Words Long-Lived Assets Long-term assets are defined as resources with economic lives of more than a year that a business possesses and uses in generating revenue. The cost of long-term assets is recognized as an expense in the accounting periods in which the assets are used. The cost of all Long-Lived Assets that decline in value will through use and/or the passage of time will have their cost allocated to the periods that receive benefit. So, if a piece of machinery is expected to have an... 324 Words | 1 Page
  • Accounting of Intangible Assets - 1160 Words Advanced Accounting 8/14/2013 Intangible Assets We come to an age of technology, information, and global competition with a financial accounting model that was fashioned almost 100 years ago. That same accounting model continues to evolve in today’s society. One particular area that continues to evolve in accounting for is with intangible assets. In the business sector of the world assets is important economic resources and is classified as either tangible or intangible. Tangible assets... 1,160 Words | 4 Pages
  • Asset and Needs Immense Perseverance “I am a slow walker, but I never walk back.” quotes Abraham Lincoln. Namaste to one and all present here. This is Sampreetha Premnath of XI-E here to render a speech on PERSEVERANCE. First and foremost... What is perseverance? It is persistant determination. Even reading the word or hearing the word perseverance, will give you energy and it packs power. Perseverance is the foundation of great achievers. It is the cornerstone of talent. It is the brother to determination. On the whole, It... 375 Words | 2 Pages
  • Goodwill as an Asset in Accounting - 534 Words Goodwill can be termed as the present value of expected future income in excess of a normal return on the investment in tangible assets, or, for the excess of price paid for a business as a whole over the book value, or, over the computed or agreed value of all tangible net assets purchased. Characteristics of goodwill: The characteristics of goodwill emerge as mentioned below: 1. It is an intangible asset but not a fictitious asset; 2. It cannot have an existence separate from the... 534 Words | 2 Pages
  • Substantive Procedures for Assets Irreg  Substantive Procedures - Asset Irregularities ACC/556 November 24, 2014 Introduction This next phase of the auditing process for Apollo Shoes Inc. (Apollo) is the designing of an audit program, which will detail substantive procedures for detecting irregularities in the accounts receivable, inventory, and fixed assets audit cycles. Fixed Assets Apollo’s irregularities in fixed assets, has caused concern for substantive procedures to be designed to audit this cycle. The most common... 680 Words | 4 Pages
  • Current Asset Management - 508 Words Current Asset Management Profitability and liquidity are the two ultimate twin goals of any firm. But these two often give rise to conflicts since liquid assets give the lowest returns. If firms don’t care about profit, they can’t endure for a longer period. Likewise, if they don’t care about liquidity, they may face insolvency or worse, bankruptcy. Thus, there must be a trade off between the two objectives. For these reasons, working capital management which involves the relationship between... 508 Words | 2 Pages
  • Intangible Assets - Woolworths limited Intangible Assets: An intangible asset, despite not having a physical form to it, has great value to a company and is to be disclosed in the financial reports. Some companies only disclose the brand and goodwill as their only intangible assets, while others include more such as software and the company trademarks (Loftus et al. 2012). The Accounting Standard AASB 138 advises businesses on the accounting treatment of these intangible assets, but only if the specific criteria have been met for... 920 Words | 4 Pages
  • Intangible Assets Quiz Questions ADVANCED FINANCIAL ACCOUNTING 260 INTANGIBLE ASSETS QUIZ QUESTIONS 1. List two assets which would not meet the ‘identifiable’ aspect of the definition of an intangible asset. (2 Marks) Goodwill Customer loyalty 2. Intangible assets acquired via a separate acquisition are always recognised. Why? (2 Marks) The price an entity pays to acquire an intangible asset will reflect expectations about future economic benefits of the will flow to the company. This meets the probability test to... 1,001 Words | 4 Pages
  • Sample Asset Purchase Agreement ASSET PURCHASE AGREEMENT THIS ASSET PURCHASE AGREEMENT (the “Agreement”), dated as of March 2, 2012, is made by and between Sam Mama Café LLC, a New York limited liability company (“Buyer) and Big Zany Corp., a New York corporation (“Seller”). WHEREAS, Seller owns a bar/restaurant business located at 62 Court Street, Brooklyn, NY 11201 (the “Business”); WHEREAS, Seller intends to sell the assets of the Business to Buyer; and WHEREAS, Buyer intends to purchase the assets from... 2,616 Words | 11 Pages
  • The Difference Between Goods and Assets Difference between Goods and Assets An economic good is a physical object or service that has value to people and can be sold for a non-negative price in the marketplace.[i] An asset is a resource controlled by the enterprise as a result of past events and from which future economic benefits are expected to flow to the enterprise.[ii] “Assets” is a much broader term in macroeconomics and accounting compared to goods. Assets include different items like fixed assets, current assets... 321 Words | 2 Pages
  • Asset efficiency ratio analysis Asset efficiency ratio Asset efficiency ratios measure the efficiency with which an entity manage its current and non-current investments, and converts its investments decisions into sales dollars. There is a continuously increasing trend of asset turnover ratio for company alpha since 2009, from 3.77 times to 4.41 times. In comparison with company alpha, company beta shows a relatively slow increasing pattern from 0.90 times to 1.18 times. By contrast, it indicates that although both... 838 Words | 3 Pages
  • Harvey Norman Intangible Assets TABLE OF CONTENTS Abstract 2 Introduction 2 Business description and main activities 3 Harvey Norman Resources 5 Tangible Resources 5 Profit from continuing and discontinued operations 6 Profit from property 6 Sales at franchises 7 Sales at company-owned stores 8 Intangible Resources 8 Computer software and licence property 8 Goodwill 9 Harvey Norman Invisible Balance Sheet 10 Internal Capital 11 External Capital 13 Individual Competence 14 Recommendations 15... 4,674 Words | 15 Pages
  • Asset Liability Mgmnt - 1354 Words A STUDY ON ASSET LIABILITY MANAGEMENT IN BANKS ABSTRACT: In banking, ASSET AND LIABILITY MANAGEMENT (often abbreviated ALM) is the practice of managing risks that arise due to mismatches between the assets and liabilities (debts and assets) of the bank. This can also be seen in insurance. Asset liability management (ALM) is a strategic management tool to manage interest rate risk and liquidity risk faced by banks, other financial services companies and corporations. Asset-liability... 1,354 Words | 5 Pages
  • Capital Asset and Ordinary Income Income tax 1. 判断是否是澳洲residence 1. Individual (1). Resides test Leading case: Miller v FCT,. The determination of tax residency rests on a question of fact and degree. A. 考虑的因素: a. Physical presence in Australia; it is necessary that the taxpayer spends at least some time physically present in Australia during the year of income to be considered a resident under this test. b. If the person is a visitor, the frequency, regularity and duration of visit. IRC v Lysaght, p86.... 2,727 Words | 11 Pages
  • Human Asset Analysis - 422 Words In recent years there have been attempts to place a value on the "human assets" of a business with a view to determine an amount to be included on the balance sheet. Do you think people should be treated as assets? Would "human assets" meet the conventional definition of an asset for inclusion on the balance sheet? Explain your responses and provide examples for support. An asset is deemed as “essentially a business resources that has certain characteristics.” (Atrill et al pg. 80) The main... 422 Words | 2 Pages
  • Heritage and Biological Assets - 793 Words According to the Accounting Standards Board (UK, 2006), a heritage asset was defined as ‘an asset with historic, artistic, scientific, technological, geophysical or environmental qualities that is held and maintained principally for its contribution to knowledge and culture and this purpose is central to the objectives of the entity holding it’. It also has been defined by Canadian Institute of Chartered Accountants (1989) as ‘fixed assets that a government intends to preserve... 793 Words | 5 Pages
  • Non Performing Assets Analysis CHAPTER - 6 PA – NPA ANALYSIS AND INTERPRETATION OF DATA OF SELECTED UCBS TEKAN TOGETHER 6.1 6.2 6.3 6.4 6.5 Introduction Concept Of NPA And Its Importance In Banking Sector Common - Size Analysis Of The Selected UCBs Common – Size Analysis Of PA And NPAs Of The Selected UCBs Taken Together Ratio Analysis Of The Selected UCBs Taken Together 6.5.1 6.5.2 6.5.3 6.5.4 6.5.5 6.5.6 6.5.7 6.5.8 6.5.9 6.6 Gross NPA ratio Net NPA ratio Problem Assets ratio Depositors‟ Safety ratio Share Holders Risk... 4,251 Words | 16 Pages
  • Asset and Liability Management - 5481 Words CHAPTER 6 ASSET-LIABILITY MANAGEMENT: DETERMINING AND MEASURING INTEREST RATES AND CONTROLLING INTEREST-SENSITIVE AND DURATION GAPS Goals of This Chapter: The purpose of this chapter is to explore the options bankers have today for dealing with risk – especially the risk of loss due to changing interest rates – and to see how a bank’s management can coordinate the management of its assets with the management of its liabilities in order to achieve the institution’s goals. Key Topic In This... 5,481 Words | 20 Pages
  • Concept of Current Assets - 415 Words The annual reports published by the company consists of the balance sheet and other connected returns. The balance sheet consists of liabilities and assets. The concept of current assets includes the following: Investment in shares and advances to other firms and public companies not connected with the business of the borrowing firm are excluded from current assets. The dead inventory i.e. slow moving or obsolete items should not be classified as current assets; The amount representing inter... 415 Words | 2 Pages
  • asset and liablity management - 1650 Words mbainfoline.com Source: E-mail dt. 26 August 2011 A Study on Asset and Liability Management in Salem Co-operative Bank Mrs. S.Sreekala Research Scholar PSG College of Technology, Coimbatore - 641 004. Dr. V. Santhi Professor, Department of Humanities, PSG College of Technology, Coimbatore - 641 004. INTRODUCTION ASSET AND LIABILITY MANAGEMENT The Asset and liability management includes all deposits and advances, maturity of deposits and incremental assets and... 1,650 Words | 17 Pages
  • Compiled Standard Intangible Assets Compiled AASB Standard AASB 138 Intangible Assets This compiled Standard applies to annual reporting periods beginning on or after 1 July 2009. Early application is permitted. It incorporates relevant amendments made up to and including 25 June 2009. Prepared on 30 October 2009 by the staff of the Australian Accounting Standards Board. AASB 138-compiled 2 COPYRIGHT Obtaining Copies of Accounting Standards Compiled versions of Standards, original Standards and amending Standards (see... 15,343 Words | 53 Pages
  • Current and Noncurrent Assets - 817 Words  Current and Non-Current Assets ACC/400 November 13, 2013 Current and Non-current Assets Current assets are usually cash or other resources that can be converted into cash easily and used up or liquidated within one year of a company operating cycle. Current assets are considered short term and include cash on hand, cash in a bank account, current debts. Current assets are items listed on the balance sheet in the order of liquidity which include cash, temporary... 817 Words | 3 Pages
  • Asset Reconstruction Company - 12223 Words Asset Reconstruction Company Executive Summary Purpose and Scope The Year long Project aimed at examining the Asset Reconstruction Company with respect to: • NPA problem in India • Asset Reconstruction Companies (ARCs) - their meaning, models, global experience and the scene in India • The perspective of bankers, ARCs and consultants on the Indian structure and • The ways and models to form a successful ARC Methodology The information... 12,223 Words | 43 Pages
  • Non Performing Assets - 2301 Words NON PERFORMING ASSETS(NPA) WHAT IS A NPA (NON PERFORMING ASSET) Non Performing Asset means an asset or account of borrower, which has been classified by a bank or financial institution as sub-standard, doubtful or loss asset, in accordance with the directions or guidelines relating to asset classification issued by RBI. Non-performing asset (NPA) shell be a loan or an advance where; i. interest and /or installment of principal remain overdue for a period of more than 90 days in respect... 2,301 Words | 8 Pages
  • Asset and Brazos Investment Strategy 1. What is Brazos’ investment strategy? Does it seem well suited for its position as a first-time fund? How do you assess the merits of the GTT transaction? Brazos’ investment strategy emphasizes buyouts of mid-size companies that show predictable cash flows, have good management teams in place, have well-developed niche markets, and are located in Texas and the Southwest. This strategy suits its position as a first-time fund because this geographic area is underserved by LBO firms.... 693 Words | 3 Pages
  • Public Heritage Assets - 7784 Words Accounting for public heritage facilities – assets or liabilities of the government? The Authors Allan D. Barton, Department of Commerce, Faculty of Economics and Commerce, Australian National University, Canberra, Australia Acknowledgements The author wishes to thank three anonymous referees for their constructive comments on earlier drafts of the paper. Abstract Public heritage facilities – national parks, art galleries, museums and so on – are now required by professional... 7,784 Words | 22 Pages
  • Asset-Liability Management - 2924 Words Asset-Liability Management “Asset-Liability Management (ALM) can be defined as the ongoing process of formulating, implementing, monitoring and revising strategies related to assets and liabilities to achieve an organization's financial objectives, given the organization's risk tolerances and other constraints”[1]. ALM also is known as balance sheet management. In banking activity the gap between assets and liabilities can bring some consequences where the following risks are arose.... 2,924 Words | 10 Pages
  • Audit of Fixed Assets - 759 Words AUDIT OF FIXED ASSETS INTRODUCTION * Fixed assets, also known as a non-current asset or as property, plant, and equipment, is a term used in accounting for assets and property that cannot easily be converted into cash. * An unbiased examination and evaluation of the financial statements of an organization. It can be done internally or externally. * Auditing fixed assets is extremely important to ensure that accounting for capital assets and depreciation is in compliance with... 759 Words | 4 Pages
  • Asset and General Fund - 2029 Words Alabama State University College of Business Administration ACT 532 Advanced Fund Accounting Exam III November 20, 2012 1) Governments must report nonspendable fund balance in a governmental fund's balance sheet for A) Inventory. B) Prepaid assets. C) Land. D) All of the above. E) Items A and B only. Answer: 2) The following benefits are examples of other postemployment benefits (OPEB) except for A) Health care insurance. B) Pension benefits. C) Vision insurance. D) Life... 2,029 Words | 9 Pages
  • Asset and Cash Flow - 2927 Words Finance 435 Take-Home Final – Spring 2009 1. The Miller & Modigliani financial theory stipulates, in part, that an increase in leverage enhances the value of a firm, even though the levered beta is higher than the unlevered beta. The theory works because of the so-called “tax shield” effects of bond interest. But, M & M assumes default-risk-free debt. Therefore, M & M holds only if the firm’s pretax cost of debt remains low due to favorable bond or credit rating. a. True... 2,927 Words | 11 Pages
  • Asset Liability Management - 6174 Words MANAGING CORE RISKS OF FINANCIAL INSTITUTIONS ASSET LIABILITY MANAGEMENT Industry Best Practices 14 July 2005 BANGLADESH BANK Focus Group Members Asset Liability Management Name Team Co-ordinator Sudhir Chandra Das Arif Khan Asad Khan Jadab Malakar Team Members Nehal Ahmed S. H. Aslam Habib Tapan K. Podder Designation DGM GM MD (Designate) Head of Finance & Company Secretary SVP & Company Secretary Head of Finance & Resources and Company Secretary MD Organization... 6,174 Words | 21 Pages
  • Ratio Analysis of Fixed Assets  Jessica Porter Ratio Analysis of Current Liabilities 10/25/2014 Sherri Walls Net Property, Plant, and Equipment 2013 110.97B 2012 109.77B Property, Plant and Equipment Accounting Policy Property, Plant and Equipment Property, plant and equipment is stated at cost, except for assets acquired using acquisition accounting, which are initially recorded at fair value. The balance as of December 31, 2013, excluded amounts classified as held for sale. The... 545 Words | 3 Pages
  • Taxation: Asset and Capital Gain Chapter 16 1. Sheila inherited 300 shares of stock, 100 shares of magenta and 200 shares of purple. She has a stockbroker sell the shares for her, use the proceeds for personal expenses, and thinks nothing further about her transactions. What issues does she face when she prepares her Federal income tax return? Sheila needs to treat the sale of her shares as a capital gain because she had the stock for investment purposes, and not as inventory (Hoffman, 2013, p 16-6--16-7). 3. Alison owns a... 483 Words | 2 Pages
  • Non Performing Assets - 666 Words A non-performing asset (NPA) is defined as a credit facility in respect of which the interest or instalment of principal has remained ‘past due’ for a specified period of time. It is debt obligation where the borrower has not paid any previously agreed upon interest and principal repayments to the designated lender for an extended period of time. The nonperforming asset is therefore not yielding any income to the lender in the form of principal and interest payments. It also includes the real... 666 Words | 2 Pages
  • Recognition of Asset Retirement Obligations To: Controller of LOI, Files From: Accounting Class Re: Recognition of Asset Retirement Obligations for Lack of Information Date: June 2, 2014 Background Lack of Information (LOI) owns and operates 50 warehouses throughout the country. As part of LOI’s efforts to identify potential asset retirement obligations, LOI’s internal audit group held interviews with all 50 of the warehouse managers and also performed site visits at each of the 50 locations. The related findings of the interviews... 1,208 Words | 5 Pages
  • Asset and Wonderland Cupcakes - 2842 Words 1.Executive Summary Wonderland Cupcakes aims to give cupcakes a whole new dimension. Located in Beirut, it will be a unique bakery for its creative custom-made cupcakes and its relationship with its customers. Whether it's an extravagant wedding, or a fun birthday cupcake, we like to talk to our customers and get a feel for what they want. Our mission is to create a unique bakery where customers tell their stories and watch their stories turn into cupcakes. We are sensitive to each and... 2,842 Words | 10 Pages
  • Current and non current assets  Current and Noncurrent Assets The balance sheet is actually a useful tool for companies. The balance sheet offers a rapid view at the financial position of the organization. The balance sheet shows the assets, debts, and equity of the business. More valuable, the balance sheet shows the existing assets of the organization, the noncurrent assets, and the order of liquidity. These 3 elements display interested parties the short-term... 774 Words | 3 Pages
  • Current Assets and Cash Equivalents Write a 200- to 300-word response explaining what information would be found in each of the following groupings on a classified balance sheet and how that data might indicate the future success or failure of a business:  Current assets  Long-term investments  Property, plant, and equipment  Intangible assets Current assets on a balance sheet have components that include cash and cash equivalents, accounts receivable, and inventories. These usually can be converted into cash quicker... 419 Words | 2 Pages
  • Asset Liability Management in Banks 5 Asset and Liability Management (ALM) 29. There are different organizational and governance models that guide the management of bank asset and liability activities. The models reflect fundamentally different risk philosophies that tend to evolve with the growing sophistication and depth of financial markets together with the position and activities undertaken by a bank in the market. The terms ‘ALM unit’ and ‘treasury unit’, can be confusing as they are often used by organizations who... 2,031 Words | 7 Pages
  • Classification of Assets and Liabilities - 529 Words Classification of Assets: 1) Fixed Assets : A long term tangible assets held for business use and not expected to be converted to cash in the current or upcoming fiscal year such as manufacturing equipments also called plants. 2) Current Assets : Current assets are those assets which are held for sale or to be converted into cash after some time. 3) Contingent Assets: A contingent asset is one which comes into existence upon the happening of a certain event. If that event happens the asset... 529 Words | 2 Pages
  • Asset Liability Management 2 CHAPTER – 1 INTRODUCTION It is generally accepted that risk is a fact of life and hence firms have to account for risk when making decisions on output levels or prices. This is particularly true for the banking industry. Since banks are traditionally in the business of issuing loans and taking deposits they are in contrast to normal firms exposed to a number of very special risks. In this regard credit risk i.e. the risk of borrower default and the risk of changes of market prices for... 690 Words | 3 Pages
  • Accounting Deferred Tax Asset According to the accounting practice in business, companies will always be levied by the federal through the income tax payable that will become the company’s income tax expense when it is paid. The tax net includes the personal profit, business income, and the capital gain. Referring to Australian Accounting Standard Board (AASB) 112, the income tax expense (income) is not merely equal to current tax liability (asset), but also the function of the deferred tax liabilities and assets (Leo,... 1,434 Words | 4 Pages
  • Non Performing Assets - 14368 Words ABSTRACT The project entitled is “A STUDY ON NON PERFORMING ASSETS IN INDIAN OVERSEAS BANK WITH REFERENCE TO KODAMBAKKAM BRANCH”. The research study was done on the problems of credit risk faced by the Indian Overseas Bank after lending loans to the customers. The main objective of the study is to find out the level of Non Performing Assets, which affects the performance of bank pertaining to kodambakkam branch. The study also goes on in examining the recovery procedure that are... 14,368 Words | 53 Pages
  • Plant Assets Aquisition, Disposition TABLE OF CONTENTS 1) Introduction 2) Plant Assets 3) Cost Subsequent to Acquisition 4) Valuation 5) Disposal of Plant Assets 6) Intangible Assets 7) Financial Reporting for Plant Assets 8) Conclusion 9) Bibliography and References 1) Introduction This paper includes, to the best of my knowledge and research, information pertaining the acquisition and disposal of plant assets. This includes terms, examples, descriptions and general accepted accounting principles necessary... 2,222 Words | 7 Pages
  • managing current assets and liabilities All businesses need cash to survive • Cash is needed to: – Invest in fixed assets – Pay suppliers and employees – Fund overheads and other fixed costs – Pay tax due to the Government Managing working capital effectively is, therefore, a vital part of making sure the business has enough cash to continue INTRODUCTION Managing Current Assets and Liabilities is nothing new to us. We practice it everyday without us notice it. Let us assume you want to reward your self by buying a new car.... 1,963 Words | 7 Pages
  • Revenues and Monetary Assets - 1206 Words CHAPTER 5 REVENUES AND MONETARY ASSETS Chapter 5 is about Revenue Recognition and Monetary Assets. There are different criteria used in recognizing revenue depending on the standards the company is using. In general, revenues should be recognized when an entity has significantly performed what is required in the agreement, full ownership of goods is transferred, and services are rendered. The Securities and Exchange Commission (SEC) have identified fraudulent cases where the... 1,206 Words | 4 Pages
  • Current and Non-Current Assets Current and Non-current Assets Without assets, businesses could not function. In order to show how much a business owns assets are used in accounting to clearly define the positive side of a balance sheet. Current and non-current assets are not only cash, but also monies which will turn into cash in the future. This includes receivables, properties, work in progress and buildings. This paper will define current and non-current assets, differentiate between the two, the order of liquidity and... 763 Words | 3 Pages
  • Monetary Policy and Asset Demand [pic] Assignment #3 Principles of Microeconomics Spring, 2011 Due Date: March 16th, 2011 Lecturer: juwang Answer All Questions 1. The following questions refer to graphs A and B below. In the graphs, Qf represents full-employment output and Qu1 and Qu2 represent less-than-full-employment levels of output. ( 3 Marks) (a) Which of the two graphs best illustrates the Keynesian view of the macroeconomy, and which best illustrates the classical view? Explain. (b) When demand... 557 Words | 3 Pages
  • Current and Noncurrent Assets - 791 Words Current and Noncurrent Assets Current Assets A current asset is an asset such as cash, receivables, or inventory that can be converted into cash, consumed, or sold within a year’s time or a normal operating business cycle. These assets are listed on a company’s balance sheet as cash, unexpired insurance, accounts receivable, supplies, etc. and are expect to leave the balance sheet in the near future. Current assets get used up quickly and are used to pay current liabilities. Current assets are... 791 Words | 3 Pages
  • Market Based Assets - 481 Words Company value mean the amount of money is worth. How is the worth detected? And how you figure out how much a company is worth? One way is to add up all its asset (equipment, cash, stock, acc receivable,etc). But that is not necessary what the company is worth, you can have inventory/stock and other asset that have a book value of $2mil but perhaps no one who want to pay that much to them, so the test of value is how much a buyer will pay and how much someone will pay is largely dependent by... 481 Words | 2 Pages
  • Computerized Asset Management System TITLE PAGE COMPUTERIZED ASSET MANAGEMENT SYSTEM (A Generic Case Study) BY DEPARTMENT OF COMPUTER SCIENCE IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF NATIONAL DIPLOMA IN COMPUTER SCIENCE AUGUST 2008 CERTIFICATION This is to certify that this project being an original work was undertaken by --------------------------------------- ---------------------------- Project Supervisor Date ---------------------------------------... 4,358 Words | 23 Pages
  • Asset and Builders Square - 1833 Words Kmart Inc. and Builders Square Case 1. What happens if Kmart's managers decide NOT to accept the Leonard Green offer? If Kmarts managers decide not to accept the offer they become limited in their options: ● They can continue to wait for a better bid, but they have struggled to get any one interested in their company as it is. If they decide to turn down Green, but end up not securing another buyer, they would be forced to return to Green who could offer a much lower bid because... 1,833 Words | 6 Pages
  • Tangible and Intangible Assets - 765 Words Tangible and Intangible Assets Jennifer Geolfos July 19, 2012 ACC291 Mary Larsen Tangible and Intangible Assets Tangible and intangible assets include everything listed under total assets on the balance sheet. “Assets consist of resources a business owns,” (Kimmel, Weygandt, & Kieso, 2010, p. 12). Tangible assets would include land, land improvements, buildings, and equipment. These types of asset would be classified as fixed assets. “Intangible assets are rights, privileges, and... 765 Words | 3 Pages
  • The Company Logo—an Asset or Expense? The Company Logo—an asset or expense? As the title of this essay suggests, it must first be decided whether the company symbol or logo should be recognized as an asset or an expense. An asset is defined as something of value, such as cash, equipment, inventory, or buildings, while expense is defined as something that has a negative effect on the value of the practice, such as accounts payable. The simple question that needs to be answered is “Does the company logo contributes to or takes away... 1,401 Words | 4 Pages
  • Fixed Asset System - 2133 Words Fixed Asset System Policy 501.19 Contents [hide] 1 Introduction 1.1 Function 2 Scope 2.1 Responsibility 3 Definitions 3.1 Fixed or Capital Assets 4 Policy and Procedure Statements 4.1 New Equipment 4.2 Use of Assets 4.3 Safeguarding Assets 4.4 Yearly Inventory 4.5 Significant Change of Events 4.6 Separation of Duties 4.7 Depreciation 4.8 Fixed Asset 4.8.1... 2,133 Words | 8 Pages
  • Asset and Financial Accounting - 800 Words Exam 03-Q5 Question 5 “Financial accounting is compulsory for companies. Therefore it must be the only type of accounting that managers need.” You are required to: Discuss the above statement and provide examples to support your points of view. (25 marks) Financial accounting is the field of accountancy concerned with the preparation of financial statements for decision makers, such as stockholders, suppliers, owners and other stakeholders. The fundamental need for financial... 800 Words | 3 Pages
  • Long Term Asset - 1848 Words P1 revaluation model The revaluation model is an alternative to the cost model for the periodic valuation and reporting of long-lived assets. IFRS permit the use of either the revaluation model or the cost model, while under GAAP; only the cost model is permitted. Revaluation model changes the carrying amount to fair value. But the assumption is the fair value can be measured reliably. P2 revaluation model& cost model A key difference between the two models is that the cost model... 1,848 Words | 7 Pages
  • Analyzing of fixed assets - 4419 Words Executive summary We are pleased to submit hereby the report of “Coca-Cola Co. financial analysis” for your kind evaluation. This study represents evaluation, analysis and comparison of Coca-Cola Co financial position including summary and recommendations. We try to provide all necessary information that allows making financial management decision or investment decision. To make this we had to learn structure, activity and financial statements of chosen company.... 4,419 Words | 39 Pages
  • Net Asset Value - 429 Words Net Assets Value per Units Continue Assets 1- Cash:- A- Cash in Bank. (Bank Statement from Bank All Accounts KD-USD-EURO-YEN ) . B- Cash on hand. (Any Amount takes Management Fund Real Estate Maintenance Expenses in the Building). C- Unclear Cheques. (Any Check Not Respond By Bank). 1-Total Cash 2- Investment:- A- Investment in Real Estate. (Cost Building +... 429 Words | 3 Pages
  • Valuation Allowance for Deferred Tax Assets This memo is to assess the establishment of valuation allowance for Deferred Tax Assets. I also explain the current sources of deferred tax for Packer, Inc. Applying GAAP, I will advise not using a valuation allowance of 60% of deferred tax assets. I. Sources of deferred taxes Deferred tax liabilities A deferred tax liability is recognized for temporary differences that will result in taxable amounts in future years. In Packer, Inc’s case, depreciation has been recognized as deferred tax... 679 Words | 2 Pages
  • Staffing: Employment and Human Asset Accounting All About Staffing I. Nature of Staffing Staffing is an organization-wide function, comparable to other functions such as marketing, focused on solving problems and adding value with a company's human, social, and intellectual capital. Staffing includes attracting and hiring talented people, as well as developing, appraising, and rewarding them through performance management and training programs. Staffing has a heavy legal emphasis, since employment and labor laws significantly impact... 1,185 Words | 5 Pages
  • Balance Sheet and Assets B. Liabilities Final Exam 1. During a recession, unemployment ________ while inflation A. falls; falls. B. rises; falls. C. rises; rises. D. falls; rises. 2. Student A says that customer satisfaction is a mark of a world-class business. Student B says that proactive ethics is a mark of a world-class business. Which student is correct? A. Both B. Student A only C. Neither D. Student B only 3. Which of the following represents the basic accounting equation? A. Owners' Equity − Liabilities = Assets B.... 1,112 Words | 4 Pages
  • Intangible Assets as a Source of Competitive Advantage Intangible Assets as a Source of Competitive Advantage Look No Further Managing Intangibles seems to be a smart idea. But to bet on it, one has to create a whole new organization. The concept of intangibles is not new, but across the globe, companies are slowly coming to grips with it. tury back physical, tangible assets created wealth; today, it’s intangible assets that are creating wealth. It’s a concept that packs a lot of punch but has no form as such. It questions capitalism for its... 2,151 Words | 7 Pages
  • Classification of Assets and Liabilities in a Balance Sheet Classification of Assets and Liabilities in a Balance Sheet We all know that Balance sheet tells us the financial position of a business at a particular point of time. The accounting equation i.e. Assets = Liabilities + Capital forms lays the foundation for the preparation of Balance Sheet. Everything that the business owns are its assets. Alternatively, whatever amounts a business owes to outsiders become its liabilities. First let us see how these assets are to be classified.... 475 Words | 3 Pages
  • Goodwill: Balance Sheet and Intangible Assets ACCOUNTING FOR INTANGIBLE ASSETS “WHY NOT ELIMINATE GOODWILL?” INTRODUCTION The Balance Sheet is one of the financial statements necessary to help different kinds of individuals – owners of enterprises, management of companies, analysts, creditors, inventors in making business decisions. It is a statement that tells about the financial position of the company. It encompasses the three main elements of the accounting equation – the assets, the liabilities and owner’s equity. The assets... 904 Words | 3 Pages
  • Should Employees Be Characterised as Human Assets? Position Paper “Should employees be characterized as human assets?” Arthur Lok Jack GSB Student Name: Mahalia Jackson Student ID No.: 98708970 HRNM 6310: HR Management Information Systems 2012/2013 Trimester II Feb. 2013 (Dilbert by Scott Adams 1995) Introduction “Our employees are our greatest asset”, is one of the statements that are commonly made by CEOs in organizations almost on a daily basis. Of course this is a true statement, as it is only through people, employees,... 1,781 Words | 6 Pages
  • HNWI Asset Allocation in Argentina 2014 HNWI Asset Allocation in Argentina 2014 Published on 04th April 2014 Summary This report provides the latest asset allocations of Argentina HNWIs across 13 asset classes. The report also includes projections of the volume, wealth and asset allocations of Argentina HNWIs to 2018 and a comprehensive and robust background of the local economy. Scope Independent market sizing of Argentina HNWIs across five wealth bands HNWI volume and wealth trends from 2009 to 2013 HNWI volume and wealth... 396 Words | 2 Pages
  • What Is Meant Be the Term “Intangible Asset?” What is meant be the term “intangible asset?” Intangible assets are defined as identifiable non-monetary assets that cannot not be seen, touched or physically measured, which are created through time and/or effort and that are identifiable as a separate asset. Corporate intellectual property (items such as patents, trademarks, copyrights, business methodologies), goodwill and brand recognition are all common intangible assets in today’s marketplace. Intangible assets have 3 critical... 1,363 Words | 5 Pages
  • Frs 15 Tangible Fixed Assets FRS 15 ‘Tangible fixed assets‘ FRS 15 was issued in February 1999 and sets out the principles of accounting for tangible fixed assets, with the exception of investment properties. The objective of the FRS is to ensure that tangible fixed assets are accounted for on a consistent basis. Fixed assets are held in our company for the profit of their use not from their resale. Tangible fixed assets should be capitalized when they are ready for use, which means when its physical completion is... 509 Words | 1 Page
  • Monzer Kahf Assets Ijarah Bonds Islamic Economic Studies Vol. 4, No. 2, May 1997 THE USE OF ASSETS IJARA BONDS FOR BRIDGING THE BUDGET GAP MONZER KAHF* A shari‘ah compatible fixed-return financial instrument is needed in an Islamic economy. This paper explores the potential of ijara (renting)-based financial instruments to meet this need. The paper proposes ijara-bonds as marketable Islamic financial instruments for resource mobilization in the public sector as well as an instrument for monetary policy. Private... 7,247 Words | 20 Pages


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