annually. If impaired‚ a charge to profit and loss for impairment loss is required Negative goodwill will have to be credited to profit and loss. Tax Provisions Impairment of goodwill •Not deductible •Deduction may be claimed upon disposal of related assets acquired Negative goodwill credited to P&L: Not taxable . . Negative goodwill PICPA: Tax Implications of New Accounting Standards Isla Lipana & Co./PricewaterhouseCoopers Page 6 17 July 2006 Key Changes PAS 2 Inventory valuation
Premium Generally Accepted Accounting Principles Balance sheet Asset
Company’s Long-Time Financing Policy and Capital Structure Recent long-term financing decisions WWE had cash flows from operating activities for the fiscal years ended April 30‚ 2004 of $61.9 million. There working capital which consist of current assets less current liabilities‚ was $265.6 million. They used $111.0 million in investing activities. As of June 25‚ 2004‚ they had approximately $224.8 million invested primarily in fixed income mutual funds and short-term U.S. Treasury notes. The company
Premium Balance sheet Generally Accepted Accounting Principles Stock
150) / $1‚150 = 11% 3. How does Chem-Med ’s current ratio for 2003 compare to Pharmacia ’ .How does it compare to the industry average? Compute Chem-Med ’s current ratio for 2006. Is there any problem with it? Chem-Med ’s current ratio = Current assets /
Premium Balance sheet Generally Accepted Accounting Principles Asset
Brief About AS-16 Borrowing cost Background: A Business Enterprises requires fund for either of following 2 purposes: a) To finance its long term assets like plant and machinery‚ properties‚ furniture etc b) To finance its working capital needs for ensuring smooth functioning of its business activities In case of business enterprise goes for Expansion .i.e it enters into new line of business or goes into new product line or set up new plant‚ funds are required Incase of well established
Premium Asset Finance Time
company and has numerous fixed assets that need to be depreciated. You can help Henry by determining the depreciation rates for the assets and the amount of depreciation for year one. The assets were purchased at various times during the year (hint: watch out for the dates). The following assets will be held by the company for at least the next two years (In other words‚ year two will be a full year for all of the assets). Please fill in the blanks below. Asset #1—Building: Henry purchased
Premium Depreciation Generally Accepted Accounting Principles Asset
Kroger Whole Foods Market I. Introduction II. Liquidity Ratios Current Ratio Quick Ratio III. Asset Management Ratios Inventory Turnover Ratio Days Sales Outstanding Fixed Assets Turnover IV. Debt Management Ratios Total Debt to Total Assets Times Interest Earned V. Profitability Ratios Profit Margin Return on Total Assets Return on Common Equity VI. Summary VII. Appendixes Appendix A- Summary of Ratios and Calculations Appendix B- Kroger 2012
Premium Balance sheet Asset Inventory
consumers and businesses; Wholesale Banking‚ which provides commercial loans and lines of credit‚ letters of credit‚ asset-based lending‚ equipment leasing‚ international trade facilities‚ and trade financing; and Wealth‚ Brokerage and Retirement‚ which provides financial planning‚ private banking‚ credit‚ investment management and trust. At Dec 31 2012‚ Wells Fargo had total assets of $1.42 trillion and total deposits of $1.00 trillion. In this analysis report‚ all used data is from FDIC website
Premium Asset Risk Investment
13 8 Emerging Concepts 15 9 My learning 17 10 Conclusion 18 11 References 19 Executive summary: In a perfect world‚ there would be no necessity for current assets and liabilities because there would be no uncertainty‚ no transaction costs‚ information search costs‚ scheduling costs‚ or production and technology constraints. The unit cost of production would not vary with the quantity produced. Borrowing and
Premium Inventory Working capital Balance sheet
------------------------------------------------- Top of Form 1 . Consider‚ as in Lecture 7.1‚ a portfolio of two risky assets‚ with expected returns rˉ1‚rˉ2‚ variances σ21‚σ22 and covariance σ1‚2. No other assets are available. You have to allocate $1 mln of investment in the portfolio of the two assets in order to minimize total portfolio variance. What is the optimal amount of investment in asset 1 (in mln dollars)? Assume expected returns are positive. radio button to select σ_22rˉ_2−σ_12rˉ_1σ_12+σ_22−2σ_1
Premium Investment Variance Asset
showing a firm’s accounting value on a particular date is the: balance sheet. • A current asset is: cash or an item currently owned by the firm that will convert to cash within the next 12 months. • The long-term debts of a firm are liabilities: that do not come due for at least 12 months. • Net working capital is defined as: current assets minus current liabilities. • A __ liquid __ asset is one which can be quickly converted into cash without significant loss in value. •
Premium Generally Accepted Accounting Principles Balance sheet Asset