Prepaid Expenses Impairment

What Is An Asset (Financial Accounting Series) - YouTube
Prepaid Expenses are items that you pay for in advance and then USE later in your operations. 5:47 IAS 36, Impairment of Assets by IFRSrookies 6,538 views; 5:29 Deferred Tax Assets by Naterivers1 5,297 views; Loading more suggestions ... View Video

ACCOUNT RECONCILIATION & PREPARATION OF AUDIT SCHEDULES Simpify.
Prepaid expenses, fixed assets, accrued expenses, etc. Reconcile non-equity accounts Reconcile 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 ... Document Retrieval

About Experts Sitemap - Group 31 - Page 39 2012-08-30
Child care expenses, child care assistance, college prepaid credit cards, pre paid credit cards offices will find a person with a disability to be eligible for VR services if he or she has a physical or mental impairment Living With Disabilities: Help with my medications ... Read Article

Consolidated Statements Of Income - University Of Notre Dame
Prepaid expenses and other current assets 594 873 Total current assets 11,297 10,959 Property, plant and equipment, net (Note 3) 2,115 1,932 Identifi Impairment of goodwill, intangibles and other assets (Note 4) — — 401 ... Access Document

Food Lion, Inc. Net Sales Cost Of Selling & Depreciation ...
Adjust prepaid expenses 25. Depreciation 26. Reclassify LT Debt 27. Accrue interest 28. Record asset impairment 9,587 December 28, 1996 Balances 9,005,932 7,087,177 1,325,592 165,286 9,587 80,520 131,700 Difference. Title: Food_Lion_Project.PDF Author: ... Read Here

International Financial Reporting Standards (IFRS) Impact For ...
• Development expenses • Goodwill accounting • Pensions • Lease accounting with impairment testing and prohibit amortization assume that the prepaid asset can not be recognized • Impact for Philips ... Fetch This Document

GREENWOOD APARTMENTS, LLC For The Years Ended December 31 ...
Less: accumulated impairment loss (4,125,796) - Rental property, net 3,022,664 7,433,441 Land 600,000 600,000 CURRENT ASSETS Cash and cash equivalents 77,714 1,076 Prepaid expenses 39,437 47,634 ... View Document

Www.erranet.org
Prepaid expenses Impairment of non current assets Impairment of non-current tangible assets Impairment of Land Impairment of land licensed activity Impairment of land for construction Impairment of land for exploration and mining of mineral resources ... Access This Document

GlobalSCAPE, Inc. Condensed Consolidated Balance Sheets (in ...
Prepaid expenses (65) 49 Federal income tax (178) 69 Other assets (11) (8) Accounts payable Affiliated entity asset impairment -3,264 3,264 - Adjusted EBITDA ... Retrieve Document

BRITISH COLUMBIA TRANSMISSION CORPORATION Financial ...
Impairment of Long-lived Assets Capital assets and long-term prepaid expenses (long-lived assets) are reviewed for impairment Total prepaid expenses at end of year 4,594 5,989 Less: Short term prepaid (1,360) (2,040) Long term ... Fetch Here

Balance Sheet Basics
• Prepaid expenses: these are things that you have paid for that are not used up and completely considered an expense. These are also tested for impairment if it is believed that they will not be paid back. P.4 How to Read a Financial Report ... Fetch Full Source

Deferred Acquisition Costs - Wikipedia, The Free Encyclopedia
All other expenses associated with the new business that do not vary with and are not primarily related to new policies are classified as non-deferrable acquisition expenses. DAC Amortization. ... Read Article

Impaired Asset - Wikipedia, The Free Encyclopedia
Under US GAAP, goodwill is tested annually for impairment. See also. Lower of Cost or Market; References Retrieved from "http://en.wikipedia.org/w/index.php?title=Impaired_asset&oldid=491383143" Categories: United States Generally Accepted Accounting Principles ... Read Article

13. Trade Receivables
Impairment losses on overdue and current receivables are recognized according to the Group’s Financial accrued income and prepaid expenses 3,054 1,342 1,712 13,542 7,999 5,543 Receivables from employees 7,297 2,839 4,458 6,882 3,373 3,509 Receivables from ... Return Doc

Nevada Gold Announces Second Quarter 2013 Financial Results
Michael P. Shaunnessy Joins Company as President and CEOAdjusted EBITDA Increases Fourfold ... Read News

Retained Earnings On The Balance Sheet - Investing For Beginners
Retained earnings are the profits a company has reinvested in itself. Retained earnings are carder on the balance sheet under Shareholder Equity. ... Read Article

CONSOLIDATED FINANCIAL STATEMENTS INDEPENDENT ACCOUNTANTS ...
Prepaid expenses; 335 . 184 Promissory Note, current portion. 167 Current assets of discontinued operations. 10 . 2,254. Total Current impairment is the excess of the carrying amount of the impaired asset over its fair value. GOODWILL . ... View This Document

UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-QSB
Prepaid expenses 2,364 (23,650) Accounts payable 43,767 (513,273) Unearned Revenue (133,273) -- Joint Impairment of Long-Lived Assets -- The Company follows SFAS No. 144, "Accounting for Impairment or Disposal of Long-Lived ... Retrieve Full Source

Chapter 1
Prepaid expenses are a common other asset. Intangible Assets Tests of Details of Intangible Assets Tests of details associated with valuation and impairment of intangible assets are often necessary because the complexity and degree of judgment increase the risk of material misstatement. ... Access Content

Financial Statement Disclosures
Prepaid Expenses .. 46 Other Current Assets The Impairment or Disposal of Long-Lived Assets .. 54 Other Noncurrent Assets ... Read Document

Ranbaxy Inc. & Subsidiaries
Amortization, and Impairment Interest 638 1,813 Exchange Loss/(Gain)- (Net) on Loans - - Depreciation, Amortization and Prepaid expenses and other assets 16,065,868 257,829,068 Accounts payable, accrued expenses and other liabilities ... View Full Source

Radio.about.com
Without impairment of quality, reliability, or convenience when switching from one telecommunications carrier to another. `(47) RURAL TELEPHONE COMPANY- The term `rural telephone the salaries and expenses account of the Commission ... Read Article

Food Lion, Inc. ----Preparation Of Financial Statements
(recorded as property, plant and equipment) were overstated by $9587 and that this impairment of value is permanent. Adjust prepaid expenses 25. Depreciation 26. Reclassify LT Debt 27. Accrue interest 28. Record asset impairment 9,587 ... Fetch This Document

CHAPTER I - Texas A&M University Corpus Christi - Faculty ...
Impairment losses are reported as part of income from continuing operations, generally in the “Other expenses and losses” section. Impairment losses (and recovery of losses for assets to be disposed of) (prepaid rent) in the balance sheet. 5. Property, plant, ... Visit Document

Adjusting Entries - Wikipedia, The Free Encyclopedia
Prepaid expenses: for expenses paid in cash and recorded as assets before they are used: Accrued expenses: for expenses incurred but not yet paid in cash or recorded: Revenues: Unearned revenue: for revenues received in cash and recorded as liabilities before they are earned: ... Read Article

ASSOCIATION OF ARIZONA FOOD BANKS, INC.
Prepaid expenses and other assets 4,070 4,155 TOTAL CURRENT ASSETS 1,431,118 1,098,149 Member note receivable Accounting for the Impairment of LongLived Assets.-This accounting standardrequires that long lived assets be reviewed for imp- airment whenever ... Fetch Doc