Intangible asset

GOODWILL What is the definition of Goodwill? Goodwill is an intangible asset that mostly appears as the biggest intangible asset on the balance sheet. The Goodwill can only be identified with the business as a whole. Therefore, the goodwill cannot be sold individually in the marketplace, while some other intangible assets can be sold. Goodwill is not easy to measure, because it includes exceptional management, desirable locations, customer relations, and so on. The determination of the

financial troubles and recently filed for Chapter 11 bankruptcy protection. Fuzzy is interested in Tiny’s manufacturing facility, location and capabilities. Tiny’s manufacturing equipment is operational; they don’t have any goodwill, but have some intangible assets. Since, Fuzzy is holding so much cash they decided to buy Tiny’s and are in the final stages of the transaction. The Company is not certain

about budgetary control. Required Resources for an Operational Plan Resources are the assets of the organisation. They include human, physical, financial, intangible and structural resources. In addition, these resources determine how much of operational plan can be implemented and how far the implementation can proceed. Resources Human Physical Financial Intangible Experiences Equipment Debt Brand Skills Buildings Equity Names Knowledge Raw materials

perceive that its attributes have better utility than its competitors. For example, a Rolex watch has attributes—such as design, styling, performance, and reliability—that customers perceive as being superior to the same attributes in many other watches. Thus, we can refer to a Rolex as a high-quality product Innovation Innovation refers to the act of creating new products or processes. There are two main types of innovation: product innovation and process innovation. Product innovation is developing

goodwill of $111 million and acquired intangible assets of $91 million. The primary reasons for these acquisitions were to expand our customer base and sales channels. The purchase price was allocated to the tangible assets and intangible assets acquired and liabilities assumed based on their estimated fair values on the acquisition date, with the remaining unallocated purchase price recorded as goodwill. The fair value assigned to identifiable intangible assets acquired was determined primarily by

1- The Lufthansa Annual Report is financial accounting document as it provides information for external users like consolidated income statement, consolidated balance sheet and consolidated cash flow statement and it gives information about past performance while managerial documents must be up to date information, since it was published so it is conclusive evidence that it is a financial document because managerial documents are prepared for internal users. (1) 2-The Lufthansa Airways management

2012. Cash and cash equivalent is one of the big asset account in the company’s assets. Cash increased by 18.5% in 2012, and in 2013 it increased by 44%. Nike has an up and down in short-term investments account. In 2012, the short-term investments decreased by 44.3% but in 2013 it went up almost double by 82.5%. In 2011, investments made up 17.2%, in 2012 investments made up 9.3%, and in 2013 investments made up 15% of the company’s total assets. The change for cash and short term investments

18). Once these criteria are met, development costs can then be capitalized and amortized over a period of time and as a result, would show the recognition of the continuous benefit from the development costs that contributed to the asset. An important point for companies that are following IFRS guidelines here is to differentiate between costs that are related to research activities and those related to development activities, since they require different treatments. According to

life. IAS 16 was reissued in December 2003 and applies to annual periods beginning on or after 1 January 2005. (IAS 16) Impairment Impairment is an accounting principle that describes a permanent reduction in the value of a company 's asset, normally a fixed asset. ("Impairment," n.d.) If an elusive resource that is not being amortized is therefore resolved to have a limited valuable life, the benefit should be tried for debilitation as per passages 350-30-35-18 through 35-19. That impalpable resource

Great Acquisition Robert Dorsey Robert Neely Advanced Accounting I October 24, 2014 The main goal of a business combination is business expansion. The process of two or more companies coming together under a common control in order to expand is known as business combination. There are two methods that a company can expand, which are by internal expansion and external expansion. First, internal expansion is the ability to increase business operations without any outside activities, such