Impairment Testing Prepaid Expenses

Vehicle Insurance - Wikipedia, The Free Encyclopedia
Then customers buy prepaid miles of insurance protection as needed, like buying gallons of gasoline (litres of petrol). Insurance automatically ends when the odometer limit (recorded on the car's insurance ID card) is reached, unless more distance is bought. ... Read Article

FSA 09 Fa MidT 1 - University Of Illinois At Chicago - UIC
Prepaid expenses and other 555 367 188 Total current assets 7,116 7,569 Property and Equipment, at Cost Unless circumstances otherwise dictate, we perform our annual impairment testing in the fourth quarter. Total goodwill amortized in 2009 was $120 million. INTANGIBLE ASSETS. ... Document Retrieval

Analyzing A Balance Sheet - Investing For Beginners
Prepaid expenses on the balance sheet represent a current asset because the company still has the right to receive the product or service for which it has paid. It goes on the balance sheet and is subject to periodic tests for goodwill impairment. ... Read Article

ACCOUNT RECONCILIATION & PREPARATION OF AUDIT SCHEDULES Simpify.
Prepaid expenses, fixed assets, accrued Sales cutoff test Test for concentrations Inventory testing (FIFO, FMV, slow and obsolete) Depreciation and amortization Asset impairment test Search for unrecorded liabilities Income tax accrual FIN 48 income tax analysis Debt and commitment ... Read More

ANSWERS TO QUESTIONS - Personal Websites - Office Of ...
Notes receivable, and prepaid expenses would be classified as current assets. Property, plant, and equipment, and land would be classified as non-current assets in the property, “other intangible assets,” “goodwill and other intangible assets,” “goodwill impairment testing ... Return Doc

Considerations On Transition To Accounting Standards For ...
Prepaid expenses 1510 No significant changes Tangible capital assets held by NPO’s 4431 May elect to measure an item(s) of capital assets at fair value Impairment testing for goodwill is required to be considered when there are events or ... Read Here

User:Arael2/wikislice-economics - Wikipedia, The Free ...
Sheet event - power of attorney - power of decision - pre-consolidation adjustment - predetermined cost - preliminary expenses - prepaid expenses - presentation regulations - price index - price level accounting - price variance - prime costs - prime lending rate - principle of fair presentation ... Read Article

Summary Comparison Of Part II Of The CICA Handbook ...
Prepaid Expenses — No corresponding impairment testing of lease receivables of a lessor in Section 3065, Part II, are consistent with those in Section 3856, Part II. Certain guidance from the following EIC Abstracts has been incorporated into Section 3065, Part II: ... View Doc

FASB 141 & 142: Overview Of Accounting Rules
$20,000 Marketable Securities 5,000 Accounts Receivable 15,000 Inventory 8,000 Prepaid Expenses 2,000 Land and Buildings 30,000 SFAS 141 and 142, John Wiley & Sons, Inc. 2002. Mercer Capital, Valuation for Impairment Testing, Peabody Publishing, LP, 2001 ... Fetch Content

CHARLES SCHWAB & CO., INC. (SEC. I.D. NO. 8-16514)
The Company’s annual impairment testing date is April 1st. The Company has not recognized a goodwill impairment in 2012. Prepaid expenses 74 Receivables from affiliates 32 Interest and dividends receivable 15 Other 16 Total ... Get Content Here

Deferred Long-Term Asset Charges - Investing For Beginners
They are very similar to Prepaid Expenses (where rent would be counted as an asset until it came due each month, then would be subtracted from the balance sheet). In fact, Prepaid Expenses are type of deferred charge. ... Read Article

Fixed Asset - Wikipedia, The Free Encyclopedia
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- that is long term. ... Read Article

PetroSands Resources (Canada) Inc. - Alston Energy Corp ...
Generate largely independent cash flows and are used for impairment testing. Prepaid expenses and deposits 8,562 - (112,815) - Accounts payable and accrued liabilities 1,479,700 ... Access Document

NEW ACCOUNTING FOR BUSINESS COMBINATIONS,
Prepaid assets relating to pension or other postretirement benefit plans. an operating segment is a business component that earns revenues and incurs expenses, Step one impairment testing must be done at least annually, ... Access Content

Consolidated Financial Statements - Greenbelt Resources ...
Prepaid expenses 2,769 16,791 accounting purposes per Statement of Financial Accounting Standards No. 142, however, it is subject to impairment testing annually. ... View Document

International Financial Reporting Standards - Object Moved
• Impairment testing of assets performed at a lower level (store level or groups of CGUs) Prepaid expenses A 68.0 (5.4) - 62.6 Loans and other receivables 64.0 - - 64.0 Income taxes receivable - - 11.9 11.9 Sobeys Inc. Consolidated Opening ... Get Document

FedEx FedEx Corporation (“FedEx”) Provides A Broad ...
Prepaid expenses and other 555 367 188 Total current assets 7,116 7,569 Property and Equipment, at Cost Unless circumstances otherwise dictate, we perform our annual impairment testing in the fourth quarter. Total goodwill amortized in 2009 was $120 million. INTANGIBLE ASSETS. ... Read Here

Title Of Presentation Name Of Presenter - Tasmanian Audit ...
ASIC Specific areas of concern: Impairment testing: method, investments in jointly controlled entities and associates Classification of prepaid expenses, provisions, ... Access This Document

Analyzing Investing Activities Current Vs. Long-Term ...
And Notes Receivable, Inventory and Prepaid Expenses Long-Term Assets – Assets that are expected to benefit the company for more than one year o Examples: Property, Plant and Equipment, Long-Term impairment testing. If the future net cash flows the asset is ... Get Content Here

Condensed Interim Consolidated Financial Statements March 31 ...
Prepaid expenses (375) (348) Trades payable and accrued liabilities 2,55 4 1,674 Employee future benefits (1,382) 96 862 (938 ) In performing impairment testing for deferred sales commissions and asset management contracts, there ... Get Content Here

CPC Corporation,Taiwan Financial Statements 2011
Prepaid expenses 3,335,414 2,974,161 Advances to suppliers 12,608,803 5,714,554 amount for the purpose of impairment testing. ● Properties Properties are stated at cost plus revaluation increment less accumulated depreciation and ... Access Document

AICPA Financial Reporting Executive Committee (FinREC ...
Prepaid expenses, deferred costs, and similar items; and add auditing Valuation Guide, Testing Goodwill for Impairment, which will provide interpretive guidance on ASU No. 2011-08, Testing Goodwill for Impairment. FinREC members ... Fetch Content

Tekni-Plex, Inc.
Prepaid expenses and other current assets 6,574 5,437 Total 2011-08 – Goodwill Impairment Testing which provides additional guidance related to the impairment testing of goodwill. ASU No. ... View Doc