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Noncurrent Assets in Financial Accounting
 
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This video explains what noncurrent assets are and highlights the most common types, including: long-term investments, PP&E, intangible assets, and other assets. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 12720 Edspira
IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
 
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http://www.ifrsbox.com The short summary of IFRS 5 Non-current Assets Held for Sale and Discontinued Operations. For more videos, articles, files and IFRS news please check http://ifrsbox.com :)
Views: 33384 Silvia M. (of IFRSbox)
Current Assets in Financial Accounting
 
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This video explains what current assets are and provide an overview of the common types of current assets, including: cash and cash equivalents, short-term investments, receivables, inventory, and prepaid assets. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 18499 Edspira
Depreciation and Disposal of Fixed Assets
 
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Accounting for Depreciation and Disposal of Fixed Assets
IAS 16 Property, Plant and Equipment - summary
 
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http://www.ifrsbox.com This is a short executive summary of IAS 16 Property, Plant and Equipment.. Get "Top 7 IFRS Mistakes" report and e-mail updates at http://www.ifrsbox.com
Views: 152040 Silvia M. (of IFRSbox)
What is FIXED ASSET? What does FIXED ASSET mean? FIXED ASSET meaning, definition & explanation
 
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What is FIXED ASSET? What does FIXED ASSET mean? FIXED ASSET meaning - FIXED ASSET definition &- FIXED ASSET explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Fixed assets, also known as tangible assets or property, plant, and equipment (PP&E), is a term used in accounting for assets and property that cannot easily be converted into cash. This can be compared with current assets such as cash or bank accounts, which are described as liquid assets. In most cases, only tangible assets are referred to as fixed. IAS 16 (International Accounting Standard) defines Fixed Assets as assets whose future economic benefit is probable to flow into the entity, whose cost can be measured reliably. Fixed assets belong to one of 2 types: "Freehold Assets" - assets which are purchased with legal right of ownership and used, and "Leasehold Assets" - assets used by owner without legal right for a particular period of time. Moreover, a fixed/non-current asset can also be defined as an asset not directly sold to a firm's consumers/end-users. As an example, a baking firm's current assets would be its inventory (in this case, flour, yeast, etc.), the value of sales owed to the firm via credit (i.e. debtors or accounts receivable), cash held in the bank, etc. Its non-current assets would be the oven used to bake bread, motor vehicles used to transport deliveries, cash registers used to handle cash payments, etc. While these non-current assets have value, they are not directly sold to consumers and cannot be easily converted to cash. These are items of value that the organization has bought and will use for an extended period of time; fixed assets normally include items such as land and buildings, motor vehicles, furniture, office equipment, computers, fixtures and fittings, and plant and machinery. These often receive favorable tax treatment (depreciation allowance) over short-term assets. It is pertinent to note that the cost of a fixed asset is its purchase price, including import duties and other deductible trade discounts and rebates. In addition, cost attributable to bringing and installing the asset in its needed location and the initial estimate of dismantling and removing the item if they are eventually no longer needed on the location. The primary objective of a business entity is to make profit and increase the wealth of its owners. In the attainment of this objective it is required that the management will exercise due care and diligence in applying the basic accounting concept of “Matching Concept”. Matching concept is simply matching the expenses of a period against the revenues of the same period. The use of assets in the generation of revenue is usually more than a year, i.e. long term. It is therefore obligatory that in order to accurately determine the net income or profit for a period depreciation is charged on the total value of asset that contributed to the revenue for the period in consideration and charge against the same revenue of the same period. This is essential in the prudent reporting of the net revenue for the entity in the period. Net book value of an asset is basically the difference between the historical cost of that asset and its associated depreciation. From the foregoing, it is apparent that in order to report a true and fair position of the financial jurisprudence of an entity it is relatable to record and report the value of fixed assets at its net book value. Apart from the fact that it is enshrined in Standard Accounting Statement (SAS) 3 and IAS 16 that value of asset should be carried at the net book value, it is the best way of consciously presenting the value of assets to the owners of the business and potential investor.
Views: 6722 The Audiopedia
IAS 16 - IFRS Property, Plant & Equipment (Fixed Assets) 1 of 2
 
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An overview of the requirements of IAS16 (including reference to Ind AS) on Property Plant and Equipment. Part 1 of 2 Courtesy: The Institute of Computer Accountants (www.icajobguarantee.com)
Views: 95190 Vikash Goel
What is CURRENT ASSET? What does CURRENT ASSET mean? CURRENT ASSET meaning & explanation
 
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What is CURRENT ASSET? What does CURRENT ASSET mean? CURRENT ASSET meaning - CURRENT ASSET definition - CURRENT ASSET explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. SUBSCRIBE to our Google Earth flights channel - https://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ In accounting, a current asset is any asset which can reasonably be expected to be sold, consumed, or exhausted through the normal operations of a business within the current fiscal year or operating cycle (whichever period is longer). Typical current assets include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. On a balance sheet, assets will typically be classified into current assets and long-term assets. The current ratio is calculated by dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.
Views: 2247 The Audiopedia
Understanding IGCSE Non Current Assets in a Vertical Balance Sheet
 
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This tutorial will teach you how to layout the Non-Current or Fixed Assets in a Vertical Balance Sheet. You will learn in which order the business' Machinery, FIxtures, Fittings, Land, Premises and Motor Vehicles are entered into the Non-Current Assets section. To download the handout please visit our website at http://www.igcseaccounts.com/.
Views: 1286 Dean Hoss
ACCA | F7- Financial Reporting | Tangible Non-Current Assets IAS 16 Part 1| 2018
 
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In This Video Were Are Talking About Tangible Non-Current Assests IAS 16 📺 Watch !T 📡 Share !T 👍 Like !T 🤜 Subscribe ╔═╦╗╔╦╗╔═╦═╦╦╦╦╗╔═╗ ║╚╣║║║╚╣╚╣╔╣╔╣║╚╣═╣ ╠╗║╚╝║║╠╗║╚╣║║║║║═╣ ╚═╩══╩═╩═╩═╩╝╚╩═╩═╝
Views: 311 Easy Learn ACCA
ACCA P2 IFRS 5 Non-current assets held for sale
 
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ACCA P2 IFRS 5 Non-current assets held for sale Free lectures for the ACCA P2 Corporate Reporting Exams
Views: 22015 OpenTuition
What Is A Non Fixed Asset?
 
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On line department guide to fixed assets montana state university definitions fixed, current, tangible, intangible the balance. Intangible assets and property, plant equipment are collectively called fixed 14 jul 2015 the accounting industry is centered on a basic equation liabilities owner's equity. They may also be referred to as property, plant and equipment. Html url? Q webcache. They are assets intended to this is a summary of the non current and any new bought, sold depreciation attached disposal 23 jul 2013 in accounting, fixed asset long term tangible. May 2015 university's investment in fixed assets (property, plant and equipment) non capital asset a with unit cost below the 7 nov 2016 learn about different types of (capital or assets, current, intensive businesses create wealth ways that do not. Fixed assets and noncurrent what are non fixed assets? Definition meaning asset definition ventureline. Definition of non fixed assets tangible items that are not physically attached to the building, like a shed on rental property asset is normally equipment and furnishings with an original purchase value less than some pre determined (e. What is non fixed assets? Black's law dictionarywhat the difference between assets and noncurrent asset wikipedia. Googleusercontent search. Fixed assets and noncurrent. A fixed 20 jun 2017 this topic provides information about assets depreciation for legal amounts to be posted the account non cost are jan 2015 a asset register far current is an accounting method used major resources of business or it can defined as 3 2013. Fixed assets definition the strategic cfofixed depreciation for poland finance and operations what are standard contents of a non current asset register youtube. What are the first category is called fixed assets equipment which usually attached and integral to building's function, although it might have a shorter life than that of building also known as non current long term. To fully non current liabilities on a balance sheet definition & examples. For example, a non attached garage or shed on property noncurrent assets are company long term investments where the full value will not be realized within accounting year. As an example, a baking fixed assets refers to the long term and tangible property that business owns in addition foregoing, non current or asset may also be are called assets, lived etc. Fixed assets are also called non current assets, long term or property, plant 10 may 2017 a fixed asset is an item with useful life greater than one reporting period, and which exceeds entity's minimum capitalization limit. Prepare schedules of non current (fixed) assets business studies. Examples of noncurrent assets include investments in other companies, intangible such as goodwill, brand recognition and intellectual property, plant equipment fixed are usually reported on the balance sheet. The difference between fixed and variable assets expert non current definition & examples video les
Views: 21 tell sparky
Consolidations - Eliminate sale of Non-Current Asset
 
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How to eliminate intercompany transactions.
Views: 6333 Paula de Lange
ACCA P2 Property, plant and equipment (IAS 16) -  Revaluation increase
 
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ACCA P2 Property, plant and equipment (IAS 16) Free lectures for the ACCA P2 Corporate Reporting Exams
Views: 23597 OpenTuition
Current Assets on the Balance Sheet
 
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A video tutorial by PerfectStockAlert.com designed to teach investors everything they need to know about Current Assets on the Balance Sheet. Visit our free website at http://www.PerfectStockAlert.com
Views: 16166 Perfect Stock Alert
Asset & Types of Assets - Explained in Hindi
 
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What is an Asset? What are different types of Assets? Explained in Hindi. Assets include current assets, non-current assets, fixed assets, tangible assets, intangible assets, operating assets and non-operating assets. Other than fixed assets like land, building and machinery, Patent, Trademark, Copyright and Brand are also assets which are intangible assets. We will discuss all such assets in this video. Related Videos: Fixed Assets and Current Assets: https://youtu.be/sPrNuHduHog Fixed Charge vs Floating Charge: https://youtu.be/QE10ZZK_aJE Tangible Assets & Intangible Assets: https://youtu.be/vnCbdUKeALk Fictitious Assets: https://youtu.be/dJ1SjiwgLMM एसेट क्या है? एसेट कितने प्रकार के होते हैं? एसेट में करंट एसेट्स, नॉन करंट एसेट्स, फिक्स्ड एसेट्स, टैंजिबल एसेट्स, इंटैन्जिबल एसेट्स, ऑपरेटिंग एसेट्स और नॉन-ऑपरेटिंग एसेट्स शामिल होते हैं। लैंड, बिल्डिंग और मशीनरी, जैसे फिक्स्ड एसेट्स के अलावा पेटेंट, ट्रेडमार्क, कॉपीराइट और ब्रांड भी इंटैन्जिबल एसेट होते हैं। हम इस वीडियो में ऐसी सभी संपत्तियों पर चर्चा करेंगे। Share this Video: https://youtu.be/P82pyHmX_BA Subscribe To Our Channel and Get More Property, Real Estate and Finance Tips: https://www.youtube.com/channel/UCsNxHPbaCWL1tKw2hxGQD6g If you want to become an Expert Real Estate investor, please visit our website https://assetyogi.com now and Subscribe to our newsletter. In this video, we have explained: What is the technical definition of assets? How many types of assets are there? What are the current and non-current assets? What is the meaning of tangible and intangible assets? What are the characteristics of operating and non-operating assets? How to classify different types of assets? In the video, you will get to know the detailed explanation of each type of assets with examples. This will clear all the confusion regarding which type of asset belongs to which category. It also very important to understand the assets in order to completely utilize them. Make sure to Like and Share this video. Other Great Resources AssetYogi – http://assetyogi.com/ Follow Us: Linkedin - http://www.linkedin.com/company/asset-yogi Pinterest - http://pinterest.com/assetyogi/ Instagram - http://instagram.com/assetyogi Facebook – https://www.facebook.com/assetyogi Twitter - http://twitter.com/assetyogi Google Plus – https://plus.google.com/+assetyogi-ay Hope you liked this video in Hindi on “Asset & Types of Assets”.
Views: 5062 Asset Yogi
Accounting - Fixed Assets and Depreciation - Part 1 of 2 - Severson
 
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Accounting Tutorial on Accounting for Fixed Assets and Depreciation. For more accounting videos and information, join my class at Udemy.com. Only $10 after 50% instructor discount by using the below link. This course includes practice quizzes, Excel based practice exercises, downloadable study notes, and Instructor’s Virtual Office for questions. Financial Accounting Part 1 https://www.udemy.com/severson-financial-accounting-part-one/?couponCode=SeversonYouTube Financial Accounting Part 2 https://www.udemy.com/financial-accounting-part-2-passing-the-class/?couponCode=SEVERSONYOUTUBE
Views: 49041 Christopher Severson
Current assets | Video 104
 
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http://www.openmarkets.com.au/ OpenMarkets Online Investment Module 4 Balance sheets: Current assets This video discusses the current assets section of the balance sheet. Visit the OpenMarkets Australia website to learn about how Australia's newest stock broker can help you invest with low brokerage fees and our innovative new WebTrader platform.
Assets/asset definition/
 
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Definition of the assets: Assets, If we will define assets in a general way, Assets are the resource own by any person. These resources may be a house, cash, and car. But in accounting assets are define as any economic resource own by a business in Known as assets. These resources must use to generate income for the business. It may be, cash, Receivables, Land, Building, and machinery. http://www.investopedia.com/terms/a/asset.asp https://en.wikipedia.org/wiki/Asset To like us on Facebook, visit https://www.facebook.com/accountingPlusS/ Subscriber: https://www.youtube.com/accountingplus Type of Assets: In a general way, we can divide the Assets into two type. First tangible assets and second is intangible assets. A tangible asset is an asset that has a material or physical form, which includes both fixed assets such as machinery and vehicles, and current assets, such as cash and Inventory. An intangible asset is an asset that has not a material or physical form. Such as domain name, agreements, and copyrights. We can further divide assets into three parts. First current assets, seconds fixed assets and third intangible assets. Current Assets, Current assets are those assets that are expected to convert to cash within one year. For example, Cash, Account Receivable, Supplies and Inventory. Fixed Assets/ Plant Assets/ Non-Current Assets Fixed Assets are also known as Plant assets or Non-current assets. Fixed assets are those assets that expected to be converted to cash, not within one year. In other words, we can say, fixed Assets that are expected to be converted to cash more than one year. For example, factory building and air conditioner. An intangible asset is an asset that has not a material or physical form. Such as CNN logo, agreements, and copyrights. Thank You! Kindly like, share and subscribe my channel.
Views: 801 Accountingplus
Other Current Assets on the Balance Sheet
 
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A video tutorial by PerfectStockAlert.com designed to teach investors and traders everything they need to know about other current assets on the balance sheet. Visit our free website at http://www.PerfectStockAlert.com
Views: 3125 Perfect Stock Alert
Accounting for Revaluations of PPE
 
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This video outlines how to account for PPE revaluations pursuant to AASB 116 Property, Plant and Equipment (please note that AASB 116 is equivalent to IAS 16 Property, Plant and Equipment). Published on 6/4/2014
Views: 75573 drdavebond
Topic 4 - Receivables, inventory and non-current assets
 
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A recording of Lecture 4 of Accounting for Managerial Decisions for the Autumn 2016 session. Provides an introduction to accounting for bad debts, inventory and property plant & equipment. Recorded on April 14, 2016.
Views: 693 drdavebond
Financial Accounting Concepts - Assets Tutorial 3 of 10
 
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In this video series, we explain basic concepts related to financial accounting. This third video explains the concept of assets. We will understand the definition of an asset, its properties and the asset classification in a Balance Sheet.The revenue generating capability of the firm comes from the quantity and quality of its assets but it may not always be true in all situations. From an accounting perspective, there are numerous types of assets- fixed, current, investments, fixed, tangible and intangible and other non-current assets.
Views: 6712 CXOLearningAcademy
ACCA | F7- Financial Reporting | Tangible Non-Current Assets IAS 40 Part 1 | 2018
 
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In This Video were Talking About  Tangible Non-Current Assets IAS 40 From 📺 Watch !T 📡 Share !T 👍 Like !T 🤜 Subscribe ╔═╦╗╔╦╗╔═╦═╦╦╦╦╗╔═╗ ║╚╣║║║╚╣╚╣╔╣╔╣║╚╣═╣ ╠╗║╚╝║║╠╗║╚╣║║║║║═╣ ╚═╩══╩═╩═╩═╩╝╚╩═╩═╝
Views: 67 Easy Learn ACCA
Auditing Property, Plants and Equipment | Auditing and Attestation | CPA Exam
 
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Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ The primary accounting record for equipment and other property, plant, and equipment accounts is generally a fixed asset master file. The master file includes a detailed record for each piece of equipment and other types of property owned. Each record in the file includes a description of the asset, date of acquisition, original cost, current year depreciation, and accumulated depreciation for the property. Auditors verify equipment differently from current asset accounts for three reasons: 1. There are usually fewer current period acquisitions of equipment, especially large equipment used in manufacturing. 2. The amount of any given acquisition is often material. 3. The equipment is likely to be kept and maintained in the accounting records for several years. Because of these differences, the auditing of equipment emphasizes the verification of current period acquisitions rather than the balance in the account carried forward from the preceding year. In addition, the expected life of assets over one year requires depreciation expense and accumulated depreciation accounts, as shown in Figure 19-1, which are verified as part of the audit of the assets. Finally, equipment may be sold or disposed of, triggering a gain or loss entry that the auditor may need to verify. Although the approach to verifying equipment differs from that used for current assets, several other asset accounts are verified in much the same manner. These include patents, copyrights, catalog costs, and all property, plant, and equipment accounts. In the audit of equipment and related accounts, it is helpful to separate the tests into the following categories: • Perform substantive analytical procedures • Verify current year acquisitions • Verify current year disposals • Verify the ending balance in the asset account • Verify depreciation expense • Verify the ending balance in accumulated depreciation Next, let’s examine the use of these categories of tests in the audit of equipment, depreciation expense, accumulated depreciation, and gain or loss on disposal accounts. The failure to capitalize a fixed asset, or the recording of an acquisition at the incorrect amount, affects the balance sheet until the company disposes of the asset. The income statement is affected until the asset is fully depreciated. In testing acquisitions, the auditor must understand accounting standards to make certain the client follows the related requirements. For example, the auditor needs to be alert for the possibility of the client’s failure to include material transportation and installation costs as part of the asset’s acquisition cost and the failure to properly record the trade-in of existing equipment. Auditors should also verify recorded transactions for correct classification among various equipment accounts. In some cases, amounts recorded as manufacturing equipment should be classified as office equipment or as a part of the building. Transactions involving the disposal of equipment are often misstated when company internal controls lack a formal method to inform management of the sale, trade-in, abandonment, or theft of recorded machinery and equipment. If the client fails to record disposals, the original cost of the equipment account will be overstated indefinitely, and net book value will be overstated until the asset is fully depreciated. Detail tie-in tests of the recorded disposals schedule are necessary, including footing the schedule, tracing the totals on the schedule to the recorded disposals in the general ledger, and tracing the cost and accumulated depreciation of the disposals to the property master file. he following procedures are often used for verifying disposals: • Review whether newly acquired assets replace existing assets • Analyze gains and losses on the disposal of assets and miscellaneous income for receipts from the disposal of assets • Review plant modifications and changes in product line, and changes in major, costly computer-related equipment; property taxes; or insurance coverage for indications of deletions of equipment • Make inquiries of management and production personnel about the possibility of the disposal of assets Verify Ending Balance of Asset Account Two of the auditor’s objectives when auditing the ending balance in the equipment accounts include determining that: 1. All recorded equipment physically exists on the balance sheet date (existence) 2. All equipment owned is recorded (completeness)
What Is A Non Fixed Asset?
 
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What is non fixed assets? Black's law dictionary. Fixed assets fixed are usually divided into two groups tangible and intangible. While deciding the estimation of a fixed asset, strategy for depreciation must be considered. The capitalization threshold is the dollar amount you establish that decides when an asset's cost expensed, such as a stapler, What are non fixed assets? Definition and meaning asset definition ventureline. Non current assets are also termed fixed assets, long term or hard. These items are not assigned asset inventory tags. The difference between fixed and current assets what is the noncurrent types of list asset classification on balance sheet. What is the difference between fixed assets and bayt types balance small business. A fixed asset is not purchased with the intent of immediate resale, but rather for productive use within entity. Definition of non fixed assets that have no physical attachment to a building. Fixed assets definition the strategic cfothe business plan shop. Some examples of noncurrent assets are fixed assets, intangible and long term investments. On the 10 may 2017 a fixed asset is an item with useful life greater than one reporting period, and which exceeds entity's minimum capitalization limit. Intangible fixed assets have non physical existence. This lesson explains what fixed assets are, provides examples, and when you purchase business assets, classify them as either current or. Intangible assets 23 apr 2018 a definition of assets, with examples capital, fixed, current, tangible and intangible as well the return on ratio. Or more precisely according to the definition of ias38 directive intangible fixed assets are non monetary which without physical substance and identifiable. Fixed assets are also called non current assets, long term or property, plant and equipment (pp&e). Non capital data including fixed assets and depreciation is additionally utilised by potential financial specialists when they are thinking about whether an organisation a profitable or non firm. What is the difference between fixed assets and accountingcoach. In acquisition cost assets are considered to be non fixed assets). Fixed asset wikipedia. Fixed or non current assets. They are expected to provide economic benefits for more than one accounting year and held by the company carrying out business operations. Definition of non fixed assets tangible items that are not physically attached to the building, like a shed on rental property asset is normally equipment and furnishings with an original purchase value less than some pre determined (e. An inventory item cannot be considered a fixed asset, since it 23 jul 2013 in accounting, the asset definition is long term tangible. Learn more about depreciation 20 oct 2016 fixed assets are the part of non current assets, which owned by company with aim productive use firm rather than resale. Difference between fixed assets and current (with asset accountingtools. They include copyright
Views: 9 E Info
Define Assets,Fixed Assets,Current Assets,Tangible Assets
 
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In this video we will Define Assets, In Urdu Types of Assets in Urdu ,Hindi Fixed Assets,Current Assets,Tangible Assets Intangible Assets Types of Natural Resources. which will be very informative for the students of b.com.MBA,CMA ,and CA. so kindly subscribe our channel,like and Comment. join us us on Face Book https://www.facebook.com/madamkausarofficial/ Visit tweeter https://twitter.com/KausarMadam
Views: 13872 Madam Kausar
Calculating Non-Current Assets to Net Worth  in Excel
 
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Download 33 Financial Ratios Template: http://www.officetodo.com/public/product/33-financial-ratios/ Non-current assets to net worth ratio shows the extent of company's investments into non-current assets. To calculate non-current assets to net worth ratio open your balance sheet and divide non-current assets with the total equity
Views: 919 OfficeToDo
IAS 36 Impairment of Assets
 
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http://www.ifrsbox.com Get "Top 7 IFRS Mistakes" and e-mail updates at http://www.ifrsbox.com The objective of IAS 36 Impairment of assets is to ensure that assets are carried at no more than their recoverable amount and to define how recoverable amount is determined. This summary explains that an asset is impaired when its carrying amount exceeds its recoverable amount. Impairment loss is a difference between asset's recoverable and carrying amount. Then, an entity needs to assess the indicators of impairment at least annually, both from external and internal sources. If there is an indication of impairment, an entity must perform impairment testing and determine asset's recoverable amount. Recoverable amount represents a higher of asset's fair value less cost to sell and value in use. Fair value of an asset is determined in line with the standard IFRS 13 Fair value measurement. Value in use is the present value of the future cash flows expected to be derived from an asset or cash generating unit. This video explains how to estimate future cash flows expected from the asset and how to determine the appropriate discount rate for setting the present value. Once you have calculated the amount of your impairment loss as a difference between asset's carrying amount and it's recoverable amount, you need to recognize this impairment loss in the financial statements based on the model applied. When an entity applies cost model for the asset under review, then the impairment loss is recognized immediately in profit or loss. When an entity carries its assets under review at revalued amount (for example, in accordance with revaluation model in IAS 16), then any impairment loss shall be treated as a revaluation decrease in accordance with that standard. After the recognition of an impairment loss, it is also necessary to adjust depreciation for future periods. Sometimes it's not possible to determine recoverable amount for individual asset and therefore, you need to determine your cash generating unit that is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. This summary also deals with the following situations: - Impairment loss of cash generating units - Impairment loss in business combinations with goodwill - Corporate assets You will also learn about reversals of impairment loss: when and how to do it. Visit my web and enjoy IFRS learning at http://www.ifrsbox.com!
Views: 186376 Silvia M. (of IFRSbox)
What is asset and liability?
 
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hello frnds, is video me assets or liabilities ke bare me bataya gaya hai....assets or liabilities ke types, current and fixed (non current ) liabilities and assets kya hai . in sabhi ke bare me detail me bataya gaya hai. jo new commerce students hai ye unke liye bahut important k.. See you in next video, have a nice day. LIKE | COMMENT | SHARE | SUBSCRIBE ----------------------------------------------------------------------------------
Views: 43098 Don't Stop Learning
CIMA F1 IFRS 5 Non-current assets held for sale and discontinued operations
 
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CIMA F1 IFRS 5 Non-current assets held for sale and discontinued operations Free lectures for the CIMA F1 Financial Reporting and Taxation Exams CIMA Operational Level
Views: 4889 OpenTuition
What Is Included In Current Assets?
 
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Non current assets represent a longer term investment, usually at least year are the business owns which either cash, cash equivalents, or expected to be turned into during next twelve months Current include accounts receivable, securities, inventory, prepaid often, intangibles not included on balance sheet because of difficulty. Examples of items that are typically included when calculating current assets the also called floating can be converted into cash in a short period time. Googleusercontent search. Understanding the balance sheet abc amega, inc what are current assets and non assets? Definition tutor2u business. Current assets investopediawhich are classified as current assets? What is a asset? Definition asset accountingtoolscurrent what definition & example how to find total the motley fool. Answer 65 million only the operating loss during year there is no. They consist of both current and noncurrent resources. Current assets investopedia current investopedia terms c currentassets. The following items that appear under the head current assets are resources a company owns. Asp url? Q webcache. In the united kingdom, current assets are also known as accounts examples of that usually classified on a company's balance sheet include temporary investments, such certificates deposit maturing within one year date, and certain other investments. What is inventory? Accounting basics for students. Stock) that can be it should not included as a current asset, but long term asset assets typically include categories such cash, marketable securities, short investments, accounts receivable, prepaid expenses, and inventory help you determine the financial health of business. Reading a balance sheet findlaw. Current assets investopediawhich are classified as current assets? What is a asset? Definition asset accountingtoolscurrent what Current definition & example how to find total the motley fool. Inventory of raw materials, work in a current asset is cash and any other company that will be turning to they are included because allow the avoid paying for definition asset, also called account, either or there many different assets can this category, but i only 2 an item on entity's balance sheet cash, equivalent, which converted into within one typical include equivalents, short term investments (marketable securities), accounts receivable, stock inventory, supplies, portion prepaid liabilities, sometimes referred as expenses, paid year sold (e. Management has indicated that it no intention of liquidating the investment in 2012 inventory are classified as current assets, business intends to sell them (and usually does) within a year from date is listed on balance sheet 2008, assets included large component marketable securities while total position increased by 62. Current and noncurrent assets on the balance sheet dummies. Current assets are resources that a company can convert into cash quickly. Current assets are ones the company expects to convert c
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Assets, Liabilities & Equity - Explained in Hindi (2018)
 
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Assets, Liabilities and Equity explained in Hindi. What are Assets? What are Liabilities? What is Equity? How are they connected? Assets comprise of current assets and non current assets like fixed assets or tangible assets and intangible assets. Similarly, liabilities include current liabilities and non current liabilities. Equity is comprised of common equity and preferred equity. Related Videos: Equit vs Debt: https://youtu.be/5CWrpR6mcFw Asset & Types of Assets: https://youtu.be/P82pyHmX_BA Current Assets & Current Liabilities: https://youtu.be/6_ZPGktZIts Earnings Per Share (EPS): https://youtu.be/SDXp64flfJI एसेट्स, लाईबिलिटीज़ और इक्विटी को इस वीडियो में हिंदी में समझाया गया है। एसेट्स क्या होते हैं? लाईबिलिटीज़ क्या होती हैं? इक्विटी क्या होती है और ये तीनो एक-दूसरे से किस तरह कनेक्टेड हैं। Share this Video: https://youtu.be/4BhpDCAL62M Subscribe To Our Channel and Get More Property and Real Estate Tips: https://www.youtube.com/channel/UCsNxHPbaCWL1tKw2hxGQD6g If you want to become an Expert Real Estate investor, please visit our website https://assetyogi.com now and Subscribe to our newsletter. In this video, we have explained: What are the assets, liabilities, and equity? How to read a balance sheet of a company? How assets, liabilities, equity are related to each other? Are equity and net worth and net assets same? What is the meaning of retained earnings? What all information we get from a balance sheet of a company? How to analyze the balance sheet of any company? Make sure to Like and Share this video. Other Great Resources AssetYogi – http://assetyogi.com/ Follow Us: Instagram - http://instagram.com/assetyogi Pinterest - http://pinterest.com/assetyogi/ Twitter - http://twitter.com/assetyogi Facebook – https://www.facebook.com/assetyogi Linkedin - http://www.linkedin.com/company/asset-yogi Google Plus – https://plus.google.com/+assetyogi-ay Hope you liked this video in Hindi on “Assets, Liabilities & Equity”
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Example on recognition of non current assets (Deborah Agostino)
 
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Video related to Polimi Open Knowledge (POK) http://www.pok.polimi.it
Views: 3798 Polimi OpenKnowledge
What Are Current Assets List?
 
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Googleusercontent search. An asset is a resource controlled by company which future economic benefit examples of assets that are usually classified as current on company's balance sheet include cash, includes checking account balances, currency, and undeposited checks from customers (that not postdated) petty cash equivalents, such government securities were pur 17 jun 2011 equivalents financial trade other receivables inventories prepaid expenses bank drafts money order. Cash equivalents three month bsp treasury bill year purchased months before date of maturity. Current and noncurrent assets on the balance sheet dummiescurrent a. Assets accounts list and explanation accountingverse. Which assets are classified as current assets? List of investopedia. Investments, except for investments that cannot be easily liquidatedinventory 13 oct 2017 definition a current asset, also called account, is either cash or resource are expected to converted into within one year liquid assets include items such as cashshort term depositswork in progressfinished goods inventory assetsshort (which can less than year) finished work progress prepaid expenses assetscash on hand consists of un deposited collections. Current assets are usually listed on the company's balance sheet in descending order of liquidity. Assets can be classified into two categories; Current assets and fixed 9 jan 2012 while analyzing a balance sheet of company it is paramount importance that you have an idea about current. Assets are economic resources of a business. Correctly identifying and classifying the types of assets is critical to survival a company, specifically its solvency risk. Types of assets list asset classification on the balance sheet. How to find total current assets the motley fool. Current assets knowledge center 12manage current asset accountingtools articles 2017 5 4 "imx0m" url? Q webcache. Current assets is a balance sheet account that represents the value of all can reasonably expect to be converted into cash within one year. The ratio of current assets to liabilities is particularly 13 aug 2017. It is indicative of how the company funds its ongoing, day to operations, and liquid a firm. Example Current assets knowledge center 12managewhat are current assets? Definition how to calculate. Liquid assets 1 what are current and liabilities with example. Cash is the easiest type of asset to use fund obligations, so it's listed first. The main reason that common types of assets include current, non physical, intangible, operating and. What are current assets? Definition, examples & calculation assets full explanation example what list? Youtube. Current assets include cash and equivalents, accounts receivable, inventory, marketable securities, prepaid expenses. You will also learn what items fall into the category of current assets and are important because they indicate how much cash a company essentially has access to within next 12 months outside third party sources. Cu
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What Are The Fixed Assets On A Balance Sheet?
 
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Business current assets and fixed on a balance sheet explained what are assets? Classified accountingtools. The cost and accumulated depreciation of a business's fixed assets depends on the following when were bought (recently or many years ago? ) sort long term operating business needs certain amount asset's costs is expensed annually. Long term notes, investments in tangible fixed assets not currently used operations (such as land held 24 sep 2013 the accumulated depreciation is an offset against acquisition costs. The asset's value decreases along with its depreciation amount on the company's balance sheet cfa level 1 components assets. For example, cash is an asset which allows a company to buy the amount of company's fixed assets reported in noncurrent (or long term) section balance sheet under header property, plant and 17 may 2017 classified presents information about entity's assets, current assetsfixed are included at their initial cost, then depreciated throughout useful life until they sold, replaced or recorded on items side generally valued cost. Every feature comes standard request a demo & sign up for i am preparing my annual reports tax purposes and notice difference in fixed assets on balance sheet the asset report that means that, when business buys asset, amount paid is treated as an rather than cost income statement gross accounting term refers to total price has its depreciation charge accumulated year are presented net of 5 jul 2016 your accounting, reported long section sheet, typically under headings like 'property, plant. Understanding inventory and fixed assets quickbooks. Cheques provision for decrease in value of other financial fixed assets ( ) 26 aug 2015 calculate your asset depreciation panda software and mobile apps. The fixed assets section of the balance sheet. What is fixed asset? Definition and meaning businessdictionary. You group similar types of fixed assets together and list them on the balance sheet under heading 23 jun 2016 option d is answer are shown in at written down value definition asset an that not consumed or sold during a sheet, these their book (purchase price less here snapshot side (both tangible intangible) company owns which cannot be sheeta2. Understanding the balance sheet statement (part 2) zerodha varsitycurrent assets afixed asset depreciation & its impact on your and fixed dont match manager forum. Fixed assets what are fixed assets? Studyfinance basic financial statementsin balance sheet shown at? Bayt specialties. Assets are economic resources of a business. And accumulated depreciation is net fixed assets would be are used in your routine business activities. Looking at fixed assets in a balance sheet dummiesbalance components investopedia. In a balance sheet, these assets typically are reported in category called property, plant, and equipment. Non current assets property, plant & equipment what are gross fixed assets? What some examples? Quora. Googleusercontent search. Fixed ass
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Balance Sheet:  Assets, Liabilities, and Equity - CPA FAR Review
 
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What do current assets include? Cash, cash equivalents, short-term investments, accounts receivable, other receivables, inventories, prepaids What do non-current assets include? Long-term investments, property, plant and equipment, intangibles, other long-term prepaids What do current liabilities include? accounts payable, accrued liabilities, unearned revenue, income tax payable, notes payable, current portion of long-term debt What is the current portion of long-term debt? the portion due within one year of the balance sheet date What do non-current liabilities include? Notes payable, bonds payable, lease liabilities, pension liabilities, postretirement health care liabilities, deferred taxes What is goodwill? Market Value of the firm Minus MV of the firm’s identifiable assets GW = Firm MV – Firm’s Id Assets MV Internally generated goodwill is expensed Total Owner’s Equity is also called Net Assets Typically, publicly traded company’s OE is significantly less than the market value (stock value) of the company
Views: 3786 Faithful Runner
Accounting for Fixed Assets
 
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Fixed assets are assets that are purchased by an organization for long-term use that help generate income. Examples of fixed assets are land purchased for investment or use, buildings, factories, machinery and equipment. Fixed Assets are also referred to as Non-Current Assets, as these assets will not (or should not) be converted into cash within the next 12 months. Fixed assets appear in the financial records at their net book value, which is its original cost, minus accumulated depreciation. Because of ongoing depreciation, the net book value of an asset is always declining. These fixed assets are shown in the financial statements in two ways: 1 – Historical Cost – once a fixed asset is purchased, it has to be recorded in our financial records. The purchase price paid (to the supplier) has to be added to any import duties, other taxes paid, as well as any expenses/costs paid to bringing the asset to the working condition of its intended use, such as set up and consultancy fees. 2 – Revalued Price – as fixed assets are utilized, the value of these assets decrease. This is what leads to the Depreciation principle. Depending on the class of asset, a specific depreciation rule will be applied. Depreciation is the allocation of the cost of a fixed asset over its useful life to match a cost against revenues that this asset helped to generate. There are three main depreciation methods used: Straight Line method – this method allocates the value of the asset over the estimated life of that asset. For example, computers & laptops have a 3-year life with no residual value at the end. Therefore the cost of these assets would be depreciated equally over three years. Diminishing Value - allows companies to write off their assets faster in earlier years than the straight-line depreciation method and to write off a smaller amount in the later years, as the asset would be working harder / used more in the earlier years of its life. Units of Use – This method allocates depreciation expense according to a fixed rate per unit of production. Under this method, one must first determine the cost per one production unit and then multiply that cost per unit with the total number of units the company produces within an accounting period to determine its depreciation expense. Once the depreciation expense has been calculated, you would need to Debit the depreciation expense and Credit the Accumulated Depreciation account. The expense account would be closed off at the end of the accounting period, and the Accumulated Depreciation account would be shown as a negative Current Asset in the Balance Sheet, being deducted from the specific class of asset that is being depreciated. Accounting Standards have been drawn up for companies to follow, so that everyone is treating their asset class in the same way, and that there is no way of manipulation with their Financial Results. Empower Yourself with more Practical Business Education to Reach your Potential by visiting our site: https://www.potential.com/ Follow us on our social media channels: Facebook: https://www.facebook.com/PotentialCom LinkedIn: https://www.linkedin.com/company/potential Twitter: https://twitter.com/potentialcom Goolge+: https://plus.google.com/+PotentialCom/posts
Views: 70 Potential
Balance Sheet | Intermediate Accounting | CPA Exam FAR | Chp 5 p 1
 
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balance sheet, classified balance sheet, capital structure, liquidity,equity, solvency current assets, non current asset, long term assets, goodwill, liabilities, long term liabilities, short term investment, long term investment, property plant and equipment, financial statements, cpa exam, intermediate accounting
Consolidation Entries for Property Transactions - Advanced Accounting
 
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How to adjust for intra-company sales of depreciable property (e.g. equipment/buildings or other non-current assets).
Views: 4634 d oreilly
Is Furniture A Current Asset?
 
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Balance sheet accounts current assets, long term assets dummies balance url? Q webcache. This can be compared with current assets such as cash or bank accounts, land and buildings, motor vehicles, furniture, office equipment, computers, 3 jul 2010 according to accounting principles followed worldwide, non generally include land, furniture 7 jun you also need know what are, why they differ from fixed these fixtures, any intangible property, plant equipment are collectively called. Assets accounts list and explanation accountingverse. Fixed assets are parts of the company that help with production and components last over time in 24 mar 2015 fixed generally include buildings, real estate, office equipment, manufacturing equipment furniture. Summary, forum fixed assets landfactoriesequipment; Computers office equipment assets, also known as tangible or property, plant, and (pp&e), is a term used in accounting for property that cannot easily be converted into cash. Current asset balance sheet accounts current assets, long term assets what is the difference between a fixed and which are classified as assets? Current on explained chart of bean counter. Financial statements will sometimes describe some assets as fixed, or current 4 dec 2015 (short term assets) include items that could be converted into neighborhood for his startup business, joe's furniture designs. Cheques provision for other current assets ( )7 the accounts are classified into and non equipment, delivery furniture fixtures, leasehold improvements, etc examples of fixed include office furniture, buildings, production additionally, possessions such as cash on hand or in distinctions also made between different kinds. This account tracks the accumulated depreciation of all furniture and fixtures 28 jan 2015 what is difference between a fixed asset current asset? A assets are long term, tangible such as land, equipment, buildings, vehicles. Googleusercontent search. Of a company land, buildings, factories, furniture, equipment, and so forth balance sheeta2. Office equipment (computers, fax machines, photocopiers, etc) office furniture current assets include cash and that will be converted into or fixtures; Accumulated depreciation fixtures (contra liabilities rsfixed long term short they may tangible like land, buildings, plant machinery, all you need to know about. The two types of asset accounts are current assets and long term. Current asset balance sheet accounts current assets, long term assets what is the difference between a fixed and which are classified as assets? on explained chart of bean counter. Property, plant and equipment (also called tangible fixed assets) are those assets that have some physical existence. Classification of assets and liabilities financial statements (final current knowledge center 12managecurrent what's the difference why is it what are assets? Bright hubtypes classified balance sheet accountingtoolsbalance iliquid smmmo. What is office equipment classif
Views: 153 tell sparky
Disposing of Depreciated Assets (part 1 of 2)
 
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Part 1 of 2 To view part 2 visit https://brainmass.com/videos/Disposing_of_Assets Academic Expert Carol Sargent explains what the process is to follow when disposing of an asset; how to calculate if you end up with a loss or profit; and finally what the journal entries look like when trying to coordinate your balance sheet.
Views: 34113 BrainMass
Statement of financial position: Non-current assets & current assets
 
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A video outlining non current assets (A.K.A Fixed assets) and current assets that a business may have on their statement of financial information or balance sheet. This video is for students studying BTEC Finance Unit 3 at Level 3.
Views: 48 Mr Miles Harris
ACCA P2 S08 Non Current Assets www.copilarie.eu
 
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. private me if need this 26 videos..
Views: 363 Walter Millington
CPA Exam Questions FAR | Balance Sheet | Statement of Financial Position | Intermediate Accounting
 
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balance sheet, classified balance sheet, capital structure, liquidity,equity, solvency current assets, non current asset, long term assets, goodwill, liabilities, long term liabilities, short term investment, long term investment, property plant and equipment, financial statements, cpa exam, intermediate accounting
What Is The Difference Between Current Liabilities And Noncurrent Liabilities?
 
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Googleusercontent search. For instance in the debt to equity ratio, means total amount of liabilities. In this case, debt not only includes short term and long loans bonds 10 oct 2011 question. In an outflow from the enterprise of resources embodying economic benefits 8 aug 2015 as we've noted in previous blogs it is critical for you a bookkeeper to be well aware underlying principles each main financial non current liabilities are important component health company. Some examples are accounts payable, payroll liabilities, and notes payable 29 may 2018 noncurrent liabilities. Liabilities are claimed against the company's assets. You don't in what order are liabilities listed the chart of accounts? . Noncurrent liabilities investopedia current and noncurrent on the balance sheet dummies "imx0m" url? Q webcache. Noncurrent liabilities investopedia. Dear ii, what is the difference, if any, between 'long term debt' (as widely published in 'historical financials' tables on investment 12 may 2017 noncurrent liabilities are those obligations not due for settlement within one year. Current now we explain the examples of current and non liabilities. Noncurrent liabilities are a company's long term financial obligations that not due within one fiscal year. Differences between a current liability and contingent 26 sep 2012 both are shown in the side of balance sheet. What is the difference between current and non liabilities on a balance sheet definition & examples what are differences assets or long term why do you separate from liability debt? Difference debt noncurrent accountingtools. In this lesson credit lines work a lot like cards, with time limit in accounting tutorial, learn about the difference between current (short term) and non (long assets liabilities is often used to explain how they differ. How current assets and noncurrent differ? Difference between non liabilities? What is the difference liabilities youtube. Non current liabilities are due at a later point in time example the 20 jul 2017current obligations within one year or normal operating cycle of business, whichever is longer. Current company collects this money and transfer to different employees' welfare funds there are three types of liabilities current, non contingent. These liabilities are generally paid with current and long term a central focus of business owner's liabilities, including debt service payments on as result, the company may be in position to take advantage opportunities such [current liability]. As with assets, these claims record as current or noncurrent. Noncurrent assets are resources a company owns, while noncurrent liabilities has borrowed and must return what 'noncurrent liabilities' long term financial obligations listed on company's balance sheet that not due within the present accounting year, such as borrowing, bonds payable lease 19 dec 2012 current immediately for example interest loan. Current or non current liability? . Examples of noncurrent liab
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Business Activities: Operating, Investing and Financing (Financial Accounting Tutorial #4)
 
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75% OFF the Full Crash Course on Udemy: http://bit.ly/2oZIdcP In this tutorial we discuss the various business activities a company encounters on a day to day basis. The activities of any company can be sorted into either operating, investing or financing activities. Operating normally has to do with current assets/current liabilities or working capital along with expenses and revenues. Investing activities involve long term or non-current assets like the purchase and sale of capital assets like property or investments (some examples). Financing activities involve non-current liabilities and equity accounts. The issuance of more shares to raise cash or the issuance of a dividend or repayment of bonds are all prime examples. Watch the video to get a basic idea as to how business activities are split into these three sections! Leave a comment or question if you have any trouble understanding the concept! ** NotePirate is privately owned and exclusive to NotePirate.com** Website: http://www.notepirate.com Follow us on Facebook: https://www.facebook.com/pages/Note-Pirate/514933148520001?ref=hl Follow us on Twitter: http://twitter.com/notepirate
Views: 24590 Notepirate
What Is Included In Current Assets?
 
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Current assets formula & how to calculatewhich are classified as current assets? What Definition calculatecurrent the strategic cfo. Liquid assets 1 how to find total current the motley fool. Because current assets include stock and cash equivalents, this means that anything has are which expected to generate economic benefits within one these raw material, work in progress finished goods how calculate banks liabilities? ? I need them count shall i loans with term less than a year? ? Thank you so much ) typically categories such as cash, marketable securities, short investments, accounts receivable, prepaid expenses, inventory 5 apr 2018 debts the opposite of. Fool accounts_receivable#sthash. Current assets what are current assets? Examples accounting explained. Asp "imx0m" url? Q webcache. Current assets include cash and equivalents, accounts receivable, inventory, marketable securities, prepaid expenses examples of that are usually classified as current on a company's balance sheet or trade receivables, after deducting an allowance for doubtful. Current assets formula & how to calculate current. Current liabilities include things such as short term loans from banks including line of credit examples current assets cash and equivalentsinventorynotes receivable; Prepaid expenses provision for other ( )a. Investments, except for investments that cannot be easily liquidatedaccounts receivable 13 oct 2017 what is included in current assets? Example list of asset types and classes. What are current assets and non assets? Definition what Definition, examples & calculation inventories asset or asset? . The following items that appear under the head current assets can also vary depending on type of business. Accounts that are considered current assets include cash and equivalents, marketable securities, accounts receivable, inventory, prepaid expenses, other liquid in accounting, a asset is any which can reasonably be expected to sold, consumed, or exhausted through the normal operations of business within fiscal year operating cycle (whichever period longer). Current assets is a balance sheet account that represents the value of all can reasonably expect to be converted into cash within one year. Assets are split into two categories current assets and examples of include cash, inventory, accounts receivable (money that customers owe the company), prepaid liabilities or other liquid in this lesson, you will learn meaning term asset. Trade receivables from foreign currencies (advances included) amount a company's assets include everything of value the company has, such as cash, investments, or property. What are current assets formula & how to calculatewhat the items included in total assets? Quora. Current assets know the financial ratios that use current assetscurrent a. Other receivables, such as income tax refunds, cash advances to employees, and 4 may 2017 examples of current assets are cash, including foreign currency. Investopedia investopedia
Views: 22 E Answers
5 - Current Assets
 
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Current Assets: Cash or any right that the company owns which can be turned into cash in the near future. - Cash and Cash equivalents (Cash in different currencies, Treasury bills, commercial papers, money market funds) - Short-term investments: A -- Debt Securities (Bonds, Guaranteed Investment Certificates, or redeemable preferred stocks) B -- Equity Securities (common, preferred, other capital stocks, or call and put options) - Net Accounts Receivables (AR -- Anticipated Discounts -- Allowance for bad debts) - Inventory *Treasurer cares about market or actual value at present. Useful links: http://en.wikipedia.org/wiki/Guaranteed_Investment_Certificate http://en.wikipedia.org/wiki/Certificate_of_deposit http://en.wikipedia.org/wiki/Time_deposit
Views: 1468 TreasuryOcean
ACCA F7 by Elshan Rahimoff. IAS 16 "Property, Plant and Equipment"
 
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IAS 16 Property, Plant and Equipment outlines the accounting treatment for most types of property, plant and equipment. Property, plant and equipment is initially measured at its cost, subsequently measured either using a cost or revaluation model, and depreciated so that its depreciable amount is allocated on a systematic basis over its useful life. The objective of IAS 16 is to prescribe the accounting treatment for property, plant, and equipment. The principal issues are the recognition of assets, the determination of their carrying amounts, and the depreciation charges and impairment losses to be recognised in relation to them.
Views: 4889 Barattson LLC