Intermediate Financial Accounting - Essay Example

Only on StudentShare

Extract of sample
Intermediate Financial Accounting

International Accounting Standard 38 mentions the utility and usage of intangibles in the financial aspect of companies. The intangible assets are the intellectual property rights, goodwill and the expenditures of the company on research and developments. They are also known as capital developments. In the second part of the report, the examples of two famous listed Australian companies have been taken. Both of these companies are from pharmaceutical industry. Acrux Limited specializes into development of fast-drying sprays and other medicinal products, while Agenix Limited is mainly based in China and has competency in development of biopharmaceuticals. The company is into several agreements with renowned institutions for development, innovation and discovery of useful medicines for the betterment of mankind. The management in Acrux Limited considers their intangible assets at the cost price when they were acquired. In case of Agenix Limited the capital development of their research and development on some new drug has been included. Agenix Limited has a larger base of intangible assets than Acrux limited, in terms of financial value. Both the financial statement of both the companies shows that the intangible assets of the companies are well-maintained. ...Show more


Intermediate Financial Accounting Table of Contents Executive Summary 3 INTRODUCTION 4 Background 4 Problem Areas 4 Outline of the Study 5 INTANGIBLE ASSETS 6 Acrux Limited 6 Agenix Limited 7 CONCLUSION AND RECOMMENDATION 7 References 9 Appendices 10 Appendix 1 Acrux Limited 10 Appendix 2 Agenix Limited 11 Executive Summary This section of the study would provide a small overview of the whole study in a precise manner…
Author : urban48
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Intermediate Financial Accounting"
with a personal 20% discount.
Grab the best paper

Related Essays

FRS and ASPE Interpretation Paper
………………………5 Difference between IFRS and ASPE ……………………………………………………………… 6 Similarities between IFRS and ASPE……………………………………………………………….. 6 Specific Financial Statement Disclosure Issues ……………………………………………….
5 pages (1250 words) Term Paper
Financial and Accounting Questions
Usefulness of financial statements in decision making process Accounting is the process of representing financial information of any organization in the form of financial statements. Financial statements like balance sheet, profit and loss account, cash flow statements, etc.
6 pages (1500 words) Essay
Financial Resources Management Assignment
The common room is to provide social work area for the students when they are not in class. This plan intends to redevelop the already existing vacant room in the university. This will make a better common room where student of Manchester University can spend their time and relax.
3 pages (750 words) Essay
Financial Management and Accounting
In this paper, I seek to discuss aspects of financial management and accounting in a healthcare organization’s setup – nursing home. Identification of the Type of Organization – Nursing Home A nursing home refers to a set of “facilities with three or more beds that routinely provide nursing care services” (Evashwick, 2005, p.
3 pages (750 words) Essay
Financial accounting
FINANCIAL ACCOUNTING ESSAY Table of Contents Table of Contents 2 Introduction 3 Assets 3 Use of Technology and Revenue Generation 4 Asset Valuation 5 Source of Funds 6 Conclusion 7 References 8 Introduction Ford Motor Company is one of the leading automobile manufacturing companies of the world which was founded by Henry Ford in the year 1909 (Yahoo Finance, 2012).
5 pages (1250 words) Essay
Intermediate Accounting Research paper
The whole business model followed by Groupon is actually built on online platform, whereby transactions are carried out with customers of the company. This allows Groupon to serve a large customer base all over the United States without being faced with the limitation of physical existence, unlike other retailing giants like Wal-Mart.
12 pages (3000 words) Research Paper
Intermediate Management Accounting past paper
0,000) (7,000,000) (7,000,000) Profit/(Loss) (7,100,000) (5,900,000) (4,950,000) Comment: The proposed lens product will fall short of the required target income margin of 12% since research and development costs which are variable costs continues to be provided at $ 8,000,000 from year one to year 3.
5 pages (1250 words) Essay
Auditing failures and quantitative measurement of materiality judgement
The examples of audit failures are spread all across the corporate world. The failure events are also constantly rising as despite constant penalties and overcoming efforts by the regulatory authorities. According to Zhang, & Zhang (2009), audit failure results when the audit report does not highlight the distortion of serious level in the financial statements.
8 pages (2000 words) Essay
As many of these individuals reside in countries that lack the financial fortitude to accomplish this feat on their own, microfinance organizations are increasingly
200 pages (50000 words) Thesis
Financial management
Perfect market is the market place in which the organisations are the price takers, as the price of share derived are based on the demand and supply of share in the marketplace. Furthermore, the investors relatively have significant
9 pages (2250 words) Essay
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email