Asset Essays

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    Asset Forfeiture

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    Drugs. Since the US government declared the War on Drugs asset forfeiture has been widely used by law enforcement agencies to reduce drug criminals influence. Asset forfeiture is effective in tackling illegal drug crimes and funding government agencies, but the laws about asset forfeiture has been controversial due to its questionable profit incentives for law enforcement and inability to protect property owners from unfair seizures. Asset forfeiture is the legal process in which property is seized

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    Understanding Asset Misappropriation Definition According to Merriam Webster Dictionary, misappropriate verb means to take something such as money dishonestly for your own use or to appropriate something wrongly. On transitive verb it means to appropriate wrongly as by theft or embezzlement. Asset misappropriation is wider than that whereby it could be as taking a piece of paper to write your personal thing during lunch hour or using the computer for your own benefit after the office hour.

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    tangible asset over its useful economic life. Depreciation also means that loss value of an asset due to the unfavourable market conditions. Other definition of depreciation is a non-cash expense that decreases the value of an asset. Why depreciation happen? There are four reasons that have make depreciation happen. One of the reasons is wear and tear. When the more noncurrent asset that we used, the noncurrent asset will wear out. For example, motor vehicle is known as noncurrent asset. If we use

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    received to sell an asset or paid to transfer a liability (exit price) in an orderly transaction between market participants on the measurement date. Another important criteria in fair value measurement is that all the measurement are market-based but not entity-based and, the measurement requires to take market conditions to account, especially the principal market and it is basically measured using the assumptions that would be used by market participants in order to price an asset or liability. However

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    The following example will provide further explanation: some entities, for instance a supermarket, may have a lot of cash trade. Due to this reason, it is a possibility that their current assets ratio of less than 2 : 1. This is not likely to be an issue for them because sufficient amounts of cash is probably collected daily through the checkouts. On the other hand, the airline industry, a low current ratio may not necessarily mean that a

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    for the week, so state in the submission area. 16-A1 Balance Sheet and Income Statement Weikart Company Balance Sheet December 31, 20X0 Assets Amount ($) Current Assets: Cash and equivalents $55,000 Accounts receivable, net 48,000 Inventories 36,000 Prepaid expenses 15,000 Interest income 15,000 Total Current Assets: $229,000 Non-Current Assets: Property, Plant and Equipment At cost $580,000

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    owner of asset, estimation of fair value by a market price obtained from the active market, well informed and competitive market. According to Betakova, J;Hrazdilova Bockova, K.& Skoda,M., they also agree that FVA can increase transparency of a firm and fair value information is useful for investors in making decisions, for contractor and lenders to have better

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    Naspers Limited Project 1. The three main users of financial statements include: Prospective investors use financial statements to assess whether or not investing in a company. They predict future dividends by looking at disclosed profit in the financial statements and can judge how risky a business is by fluctuating profits. Lenders and Other Creditors (institutions like banks and other lending institutions) use financial statements to decide whether to help the company with working capital or to

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    The current ratio is a liquidity and efficiency ratio that measures a firm's ability to pay off its short-term liabilities with its current assets. In the year 2012, KHB had a current ratio of 1.688 but it comes to decrease in 2013 to a 1.642. The ratio in the year 2014 was 1.670 indicating a slight increase. The competitor of KHB, the PMMB had a current ratio of 4.785, 4.012 and 3.622 from the year 2012 to 2014 respectively. A current ratio should be more than 2.0 as a higher current ratio indicates

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    Recently, accounting standard-setting body such as the IASB have focused on the issue of how assets and liabilities should be measured (Penman, 2007, p.33). This issue is related to the fair market value accounting as an alternative method against historical cost accounting. The fair market value of an asset (liability) is the amount at which that asset (liability) could be bought or sold (incurred or settled) in a current transaction between willing parties. Historical cost accounting is based on

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    Fair value accounting is appropriate accounting standard for securities brokers. Respectively the business involve are in term of securities view and banking view. Fair value defines as “the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.” In this term paper, we attempt to make sense of the current fair-value and discuss about the pros and cons that are available in fair value accounting.

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    year five. After adjusting appropriately, for increased cost to produce sales and taxes on the increased income, we will increase from the present level of $309,665 to $453,281 by the end of year five. The Current Assets accounts of Cash, Accounts Receivable, Inventory, and Prepaid Assets are also projected to increase. Cash is projected to increase from the current amount of $10,525 to $18,883 by the end of the projected year five. Accounts Receivable will increase from the current amount of $27,000

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    Sembcorp Industries (SCI) is a Singapore-based industrial conglomerate with business interests in: 1) utilities (primarily on electricity generation and wastewater treatment); 2) offshore/marine through its 61%-owned subsidiary Sembcorp Marine; and 3) urban development (developing industrial parks). SCI is 49.55%-owned by Temasek (AAA/Aaa), a government-owned holding company that has equity stakes in several strategic companies in the country. Investment Rationale : We rate SCI as BBB with one notch

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    Glam Cosmetics Case Study

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    whether this project will prove to be commercially successful. Required: Explain in less than 200 words whether Glam Cosmetics should recognise this expenditure as an asset, justifying your answer by reference to the conceptual framework asset definition and recognition criteria.  The conceptual framework defines an asset as a controllable resource that is associated with a certain entity that may be brought by certain previous transactions / events, in which future economic benefits can flow

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    primary financial statement used to track the monetary gains and losses of any business. It can be used for long term and short-term. When it comes to a balance sheet, it lists the liabilities, assets, and equity. In other words, it is a statement that shows what you own and what you owe to someone. Assets are things you own, such as equipment, inventory, and cash. Liabilities are things you owe, such as

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    Answers for Candy a) Type of information each financial statement provides • Balance sheet Balance sheet reported assets, liabilities and stockholders' equity. Assets represent all the elements that a company owns and uses to generate revenue. Liabilities include money owed to creditors of assets or other financing purposes. The assets include investments made in the business or the capital invested by the owners (Collier, 2015). • Income statement The income statement reports the profit of the

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    Profitability can be measured by return on assets “ROA”, return on equity “ROE” and net profit margin ‘Assessment of the profitability of a company is made on the basis of financial profitability ratios. The ratios measure economic effectiveness” (Rutkowska-Ziarko, 2014). ROA, is a financial ration that shows the company ability to generate profit out the used asset. Murniati (2016) found the higher the ROA of a company, the higher the value of the company 's assets and lead to higher stock prices as much

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    Common Size income statement, total sales is taken as a common base and other items are expressed as a percentage of sales. Like this, in order to prepare the Common Size Balance Sheet, the total assets or total liabilities are taken as a common base and all other items are expressed as a percentage of total assets and

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    The most common method of depreciating assets for financial statement purposes (as opposed to the method used for income tax purposes) is the straight-line method. Under this depreciation method, the depreciation for each full year is the same amount. Accelerated depreciation is any method of depreciation used for accounting for income tax purposes that allows greater deductions in the earlier years of the life of an asset. It is important to remember that depreciation is an attempt to match expenses

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    Bx Financial Analysis

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    margin  Asset Turnover  Return on Asset  Return on Equity  Debt to Equity Ratio  Equity Multiplier Figure 2: Ratio Results Section 2 Identifying five external factors that impacted on BCX’s performance the previous five years. 2.1 Profit margin Simply defined as

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