...noncurrent Assets In every business, the accounting department is an essential part in the maintenance of the organization. Understanding assets and their importance to the accounting process is imperative for any company. Without assets organizations could not operate. Current and noncurrent assets are the two assets this paper will address. In addition, this paper will also address the order of liquidity as well as how the order of liquidity applies to the balance sheet. Current Assets Current assets are cash and other resource that companies reasonably expect to convert to cash or use up within one-year or the operating cycle, whichever is longer (Kimmel, Weygandt, & Kieso, 2007). Current assets consist of cash, short-term investment, receivables, inventories, and pre-paid expenses. These types of assets are critical to the organization because they are a source of funds necessary for the day-to-day operation of the company. Noncurrent Assets Noncurrent assets are long-term assets that organizations intent to hold for at least a one-year period or longer and are not easily convertible to cash. Property, plant, and equipment and intangible assets (patents, trademarks, and licenses), and natural resources (mines, silver, and gold, etc.) are several types of noncurrent assets. These assets are important to the financial health of an organizations operation; they provide a constant source of revenue. Difference between current and noncurrent assets The differences...
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...Noncurrent Assets Paper ACC/400 Current and Noncurrent Every organization must account for the various activities happening every day. This includes everything from the office supplies employees’ use daily, to the office supplies that stay and are used for years by employees. The basic or most generalized titles and items are included on the balance sheet, and here investors, company members, or the public can locate both current and noncurrent assets. These are both assets to the company and could be converted into cash if the company chooses. Below defines the differences between current and noncurrent assets, and it also describes liquidity of an asset. Current The basic definition of an asset is any item a company has that can be convert into cash or use within a year. Examples of an asset are staples, cash, accounts receivable, and short-term investments. These are items a company has that will be sold, paid-on, or remain as cash within a year, or 12 months. For anyone to start a business the person must have items, such as light, materials, and cash. These items are known as current assets and will either deteriorate or convert into cash in a year. A company will collect and convert an accounts receivable item into cash within a year, so it is a current asset. A company’s current assets tell its short-term liability paying ability. Non-Current Assets If an asset will not be converted into cash or used within a year it is a non-current asset. Non-current...
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...Asset Classes Paper Morgan Stanley Emerging Markets Fund is a non-diversified, closed-end management investment company. The Fund's primary investment objective is to seek long-term capital appreciation. At least 65% of the Fund's total assets will be invested in emerging country equity securities: common and preferred stock, bonds, notes and debentures convertible into common or preferred stock, stock purchase warrants and rights, equity interests in trusts and partnerships as well as American, Global or other types of Depositary Receipts. The Fund may leverage up to 10% of its total assets. The Dow 30 company selected for this assignment is Caterpillar. As per the last annual report of the company, the major investment decisions of the company in the recent fiscal year include: The company heavily invested in expansion or growth plans for emerging markets such as India and China. In June 2008, as part of its strategic plan to increase its manufacturing footprint in the rapidly growing Asia-Pacific region, Caterpillar announced a four-year, $200 million investment to increase manufacturing capacity in India. In terms of investments, the company's investment portfolio comprises of government debt, corporate bonds and equity securities. Cat Insurance maintains a well-diversified equity portfolio consisting of three specific mandates: large cap value stocks, small and mid cap growth stocks and international...
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...27MAR201319523653 ORCHIDS PAPER PRODUCTS COMPANY 2013 ANNUAL REPORT To Stockholders Dear Stockholders, In 2013, Orchids Paper Products Company experienced record converted product net sales and total net sales levels for the second consecutive year. We continued to broaden our product offerings and experienced additional penetration into the mid/premium tier product markets. Net sales of converted products exceeded $100 million for the first time in the Company’s history. During 2013, we focused on continuing to increase sales of converted product to fully consume our parent roll capacity. Our efforts centered on new product development in both paper making and converting and combining those efforts with an effective sales and marketing plan. As a result, we continued to expand our converted product offerings into the mid/premium tier market, creating new sales opportunities which resulted in shipments of 8.2 million cases, or approximately 53,000 tons, an increase of 16.2% over case shipments in 2012. More specifically, during 2013, our net sales increased 15.4% to $116.4 million compared to $100.8 million in 2012. This included a 21.1% increase in converted product sales. Our sales of mid-tier and premium tier products comprised 37.9% of our unit net sales in 2013, compared to 15.0% in 2012 and 6.8% in 2011. We also focused considerable efforts on controlling production costs while improving quality attributes to supplement the high quality production capabilities of...
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...Perfectly Imperfect Decision,” an argumentative essay, became the bases for learning to support my opinion with aspects from a novel. This became especially challenging in terms of trying to analytically defend and justify the decision of one of the main characters, despite the surface level analyses that the character was “wrong” for her decision. Developing a personal position that was rooted and supported by evidence from the text also helped to strengthen my ability to discern the appropriate voice needed in an argumentative essay. Argumentative essays should not only include a position on the topic, but it should also use emotional and logical appeals directed toward countering the opposing argument. Since originally submitting the paper I’ve made stylistic revisions including, not posing rhetorical questions that I leave unanswered which suggest a different style of writing such as a magazine or something less formal than an academic...
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...the library down the street! And they have the Center for Math Excellence (you know how terrible I am at math!!) it’s so easy to use! I have to admit I was really nervous about online classes I wasn’t sure if they would work for me but now after seeing all they have for me to use I think it’s going to be great! They also have the Center for Writing Excellence as well, I know that was one of your biggest problems when you tried to go back to school before all the papers you had to write. I really hope you think about going back to school, I know you could do it and with all of the help they have right there at your fingertips I just know you would do great! You asked your facilitator to review your e-mail draft. She liked what you wrote and asked you to write a summary to post in the class forum for the other students to read. Write a 150- to 200-word summary for your class of the resources available to students. Remember to write using an academic tone. This week we learned all about the different assets that the University of Phoenix has to offer, starting with the University Library. Here you can find practically everything you would be able to find at a library, without having to leave your home. They have vast resources to journals, articles, and books. Another great source is the Center for...
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...An illustration denoting the timeless elegance of created by Mavra Almas, 2005 Suraj Miani Sahib in Multan. Annual Report of Packages Limited 2012 Naqsh School Foundation in of 2003, Arts was established by the Babar Ali with the purpose to revive the traditional arts of miniature, naqashi (the art of arabesques) and calligraphy. Naqsh artists and students have excelled in the art of naqashi, which has been inspired from the rich historical monuments of the Packages Limited the years. We Annual Report Mughal is proud to have been a patron of Naqsh over are happy to dedicate the theme of this year’s to the revival of traditional naqashi, using some of the artworks produced by the A era. On the Naqsh School Cover Page: magnificent display of true arabesque patterns coming to life – Jahangir’s tomb Afshan Ijaz, n.d. a masterpiece inspired by created by in Lahore. of Arts. Ottoman Majesty The strikingly intricate beauty of a 16th century ceiling artwork. the mausoleum of Shah Rukn-e-Alam in Multan. A spectacularly intricate painting depicting Created 2 by Sadia Jamil, 2012 Annual Report of Packages Limited 2012 Contents 04 Company Profile 06 Company Information 08 Organogram 10 Business Divisions 21 Entity Rating Governance 22 24 26 30 31 Board of Directors Management Committees Vision, Mission...
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...business is to provide packaging materials for the products of different industries. It also produces all types of tissues available in the local market as well as for export purposes. There are more than 3000 employees working in the company. Packages Limited has had a joint venture with Tetra Pak International in Tetra Pak Pakistan Limited to manufacture paperboard for liquid food packaging and to market Tetra Pak packaging equipment. Packages commissioned its own paper mill with a production capacity of 24,000 tonnes in 1968. The mill produces paper and paperboard based on waste paper and agricultural by-products like wheat straw and river grass. With growing demand the capacity was increased periodically and in 2003 was nearly 100,000 tonnes per year. In the beginning 22 Swedish Experts came to Pakistan to run the factory and to train the Pakistani staff. Packages Limited was established in 1957 as a joint venture between the Ali Group of Pakistan and Akerlund & Rausing of Sweden, to convert paper and Paperboard into packaging for consumer industry in 1958 production of packaging cartons for different industries started packaging. Cartons include soaps, biscuits, cigarettes, tea, and pharmaceutical products and many others. a joint venture agreement was signed with Mitsubishi Corporation of Japan for the manufacture of Polypropylene films at the Industrial Estate in Hattar, NWFP. This project, called Tri-Pack Films Limited, commenced production...
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...future were uncertain. O Nevertheless, Russia possessed many attractive features that could reward those with the courage to invest at this early stage of market development. Russia’s natural resources accounted for significant portions of the world’s proven oil and gas, timber, coal, and minerals reserves. In addition, the privatization process, lack of internal capital, and country-specific risk resulted in valuations for Russian companies that seemed to be small fractions of their world peers. T Russia in 1995 was frequently compared to America’s “Wild West,” when the search for riches and general lawlessness combined to create very volatile conditions. While western money managers were drawn to Russia by tantalizing asset valuations and high market growth potential, they were quite nervous about committing their capital to these ventures, which usually suffered from poor management, no financial controls, shortages of capital, and uncertain legal status. CO Given these concerns, a recent private placement memorandum by Alliance Cellulose Limited was attracting the attention of foreign investors. Alliance, a...
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...a great asset to me because my love for art allowed me to connect with the artist and understand his viewpoint. Since it captured my attention, I was able to quickly pick out what parts I planned to write about. My other strength was that I could easily go in depth with the explanations once I established the basis of my essay. This episode contained aspects of art that I loved; so, I was able to simply formulate in depth explanations. Although these strengths were a major asset to my essay, I have some weaknesses that affected my essay in a negative way. My major weakness is that I usually write how I talk. I began writing with no clear thoughts which consisted of sticking a lot of unnecessary words and using poor vocabulary while trying to put my thoughts on paper. Another thing that I had a major problem with was trying to make all my thoughts come together. In previous English classes, I was always taught to make an outline or get a rough idea of what I was writing about and then start writing it; however, for this essay it was completely different. Usually I would start writing an essay from beginning to end. I have never written an essay in this order, and it was a new way of thinking that I was not accustomed to. This caused me the most problems because I had limited time to adjust to this writing style. Writing it out of order caused me many more complications than I would normally have; therefore, it took me longer than expected to get my words down on paper and make...
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...are often used interchangeably to describe work which previously was done with paper, but which now has been adapted to information & communication technology (ICT) devices and software. The Information Technology Association of America (ITAA) has defined information technology (IT) in the electronic era as "the study, design, development, implementation, support or management of computer-based information systems, particularly software applications and computer hardware." IT entails processes involving the use of computers and software to create, convert, store, process, transmit, and retrieve information securely. The term has recently been broadened to ICT (Information and Communications Technology), so as to include the idea of electronic communication. To be paperless means essentially that the traditional paper-based practices-such as writing, note taking, reading, editing, communicating, and even drawing-are instead performed electronically with ICT devices and software. Much has been said and written about the paperless office in recent years, and the rapid development of ICT is enabling an increasing number of paperless practices. The relationship between paperless work styles and ICT is intimate and interdependent; a paperless work and lifestyle cannot be implemented without ICT, and the use of ICT should naturally lead to becoming paperless. Paradoxically, however, the consumption of paper has increased exponentially since the advent of personal...
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...Packages limited Packages Limited was established in 1957 as a joint venture between the Ali Group of Pakistan and Akerlund & Rausing of Sweden, to convert paper and paperboard into packaging for consumer industry. Over the years, Packages has continued to enhance its facilities to meet the growing demand of packaging products. In 1968, with IFC participation, Packages integrated upstream by establishing a Pulp and Paper Mill with a capacity of 24,000 tons per year based on waste paper and agricultural by-products i.e. wheat straw and river grass. With growing demand the capacity was increased periodically and in January 2003, total capacity was nearly 100,000 tons per year. In 1982, Packages modified a paper machine to produce tissue paper in response to growing awareness and demand for hygienic and disposable tissues. The “Rose Petal” brand name was launched with facial tissues and was later expanded to include toilet paper, kitchen roll, and table napkins. In 1986, the Company established a flexible packaging unit to cater to the increasing demand from consumers for sophisticated packaging used primarily in the food industry. In 1993, a joint venture agreement was signed with Mitsubishi Corporation of Japan for the manufacture of Polypropylene films at the Industrial Estate in Hattar, KPK. This project, Tri-Pack Films Limited, commenced production in June 1995 with equity participation by Packages Limited, Mitsubishi Corporation, Altawfeek ...
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...[pic][pic]2012 Embassy of Brazil- Islamabad SECOM PULP AND PAPER INDUSTRY IN PAKISTAN General information on the Pulp and Paper Industry in Pakistan. Research and Compilation by the Commercial Section of the Embassy of Brazil in Pakistan. [pic]Pulp and Paper Industry in Pakistan Table of Contents 1. Pakistan’s Economy 2 2. Industry overview 2 2.1 Current Status of Pulp and Paper Industry in Pakistan 3 2.2 Types of papers produced 4 2.3 Method of Producing Paper 4 2.4 Raw Material Availability 5 3. Current status of Trade and Potential of Pak- Brazil Trade Cooperation in this sector 7 3.1 Potential of Export to Pakistan 8 4. Future Outlook 10 5. Companies and Useful Links 11 1[pic] SECOM-Islamabad, Pakistan [pic]Pulp and Paper Industry in Pakistan 1. Pakistan’s Economy Pakistan economy is positioned at 27th largest economy with 488 (1) billion USD in term of Purchasing Power Parity. Pakistan has a semi-industrialized economy, which mainly encompasses textiles, chemicals, food processing, agriculture and other industries. Growth poles of Pakistan's economy are situated along the Indus River, diversified economies of Karachi and...
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...VISY PULP AND PAPER PTY LTD ENVIRONMENTAL ASSESSMENT FOR A MAJOR PROJECT TUMUT MILL EXPANSION 436 Gadara Road, Tumut, New South Wales January 2007 H:\Environmental\VPP9 Stage 2\Stage 2\FINAL EA SUBMISSION\Main Report\Visy Tumut Final Env Assessment Main Report.doc Environmental Assessment Submission Under Part 3A of the Environmental Planning and Assessment Act 1979 Statement by Authors Environmental Assessment Prepared By: Name Ms Leanne Hayes Company Visy Pulp and Paper Pty Ltd Position Project Environmental Engineer Qualifications BSc Environmental Biology Address 436 Gadara Road, Tumut, New South Wales, 2720 Co-authored and Reviewed By: Name Ms Alison McRae Company Peter J Ramsay and Associates Pty Ltd Position Associate Qualifications Bachelor of Engineering (Environmental), Bachelor of Commerce Address 3/538 Gardeners Road, Alexandria, New South Wales, 2015 Project Under Part 3A: Application Number 06_0195 Development Visy Pulp and Paper Tumut, Mill Expansion Development Location 436 Gadara Road, Tumut, New South Wales, 2720 Proponent Visy Pulp and Paper Pty Ltd PO Box 98 Tumut, New South Wales, 2720 Certification: I certify that I have prepared this Environmental Assessment report and that to the best of my knowledge: it has been prepared in accordance with Part 3A of the Environmental Planning and Assessment Act and Regulations; and the information...
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...Recession "This time is really different. Large and small are all affected. In the past, the big waves would only wash away the sand and leave the rocks. Now the waves are so big, even some rocks are being washed away." - Cheung Yan, co founder and Chairwoman of Nine Dragons Paper2 The first week of January, 2009, was proving to be a challenge for Nine Dragon’s Paper. The company had to repeatedly deny rumors that it was on the edge of bankruptcy. A variety of media reports over the past two weeks had reported that the company’s inability to service its debt would lead to a bankruptcy filing. Incorporated in Hong Kong in 1995, Nine Dragons Paper (Holdings) Limited, had become an international powerhouse in the paper industry. The company's primary product was linerboard, with a product line including kraftlinerboard, testlinerboard and white top linerboard in a portfolio of paperboard products used to manufacture consumer product packaging. The company had expanded rapidly and spent extensively. But by January 2009 the world economy was spiraling downward. Squeezed by market conditions and burdened by debt, Nine Dragons Paper (NDP), the largest paperboard manufacturer in Asia and second largest in the world, saw its share price drop to HK$ 2.33, 90% off its high and less than half of book value. As the economic crisis of 2008 bled into 2009, export-oriented industries suffered. Rumors had been buzzing since October that NDP was on the ropes. It was carrying so much debt that more...
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