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Is it possible for the current asset valuation issues to occur also with long-term assets?
no
What is the historical cost model?
Historical cost model is a valuation process for assets wherein they are valued at cost of acquisition plus all costs incidental to cost of acquisition.
What is the purpose of a finance in business?
The purpose of finance in business is to avoid bankruptcy, protect your assets, receive income, to plan ahead and submit/receive an accurate tax return.
The purpose of Operation Mongoose is to?
Develop and operate an active Fraud Detection and Prevention Unit to minimize fraudulent attack against DoD assets
What the difference between current assets vs total assets?
Current assets are assets include assets that will converted into cash or consumed in the current operating period while total assets include all assets regardless of when they will be converted to cash or consumed.
What is the Purpose of equity valuation?
The purpose of equity valuation is to take several financial indicators into account. The equity valuation includes both real and intangible assets, and offer prospective investors, creditors and shareholders with a correct view of the true value of a society at any applied time.
Difference between verification and valuation as per audit basis?
verification is nothing but the existence, ownership & title of assets where as valuation is the correct value of the assets & liabilities at the date of the balance sheet
How is valuation of financial assets related to cash flow?
adf adf
Which standard applies to depression of fixed assets?
International Accounting Standard number 16 applies to valuation and depreciation of fixed assets.
What has the author Rob Gray written?
Rob Gray has written: 'Valuation of Assets and Liabilities'
Is it possible for the current asset valuation issues to occur also with long-term assets?
no
What is the purpose of identifying it assets and inventory?
The purpose of identifying assets and inventory is so the value of the company can be accurately reflected. Assets and inventory need to be known for tax purposes.
Is a valuation account an asset or liability?
The conceptual framework considers asset valuation accounts to be part of the related asset account. They are not considered to be assets or liabilities in their own right.
What has the author Russell L Parr written?
Russell L. Parr has written: 'Valuation of Intellectual Property and Intangible Assets, 2001 Supplement (Intellectual Property-General, Law, Accounting & Finance, Management, Licensing, Special Topics)' 'Valuation of Intellectual Property and Intangible Assets' 'Valuation of Intellectual Property and Intangible Assets, 1997 Cumulative Supplement' 'Intellectual Property' 'Intellectual Property Infringement Damages (Intellectual Property S.)'
Do you need to probate a will if there are assets?
That is the purpose of going into probate. It allows assets to be legally transferred.
What is the purpose of freezing someone's assets?
to reduce crime
What are the rules on revaluation of non-current assets?
Non-current assets need to be revaluated. Tangible assets expected to be used for more than one accounting period. It is valuation getting depreciates. Therefore the accounting report base on only current value will be useless in the future.
