ORACLE CORPORATION Arbatskiy Egor University Of Maryland University College The Company’s Overview Oracle Corporation provides products and services that address all aspects of corporate information technology (IT) environments—application, platform and infrastructure—and are available to customers either via cloud computing or on-premises deployment models. Oracle Corporation's products include database and middleware software, application software, cloud infrastructure software and hardware
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» Accounting, Consumer Goods, Electronics Should computer software be classified as an intangible asset or part of property, plant and equipment? In accounting terms, an intangible asset is something of value that is not of physical nature. On the other hand, property, plant and equipment (PPE) are just as the name suggests. PPE refers to physical long-term assets, such equipment that is vital to a company's operations and has a definite physical component. Under most circumstances, computer software
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2013 Pest Management Standards For Food Plants i INTRODUCTION T he National Pest Management Association is pleased to release the 2013 Pest Management Standards for Food Plants. Since 2007, these standards have been the cornerstone of NPMA’s Commercial Division activities. Of note in the 2013 revision is the move away from prescriptive instructions regarding placement and monitoring frequency of pest management devices. Instead, a more results-oriented approach to pest management
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COVER SHEET for SUBMISSION of INDIVIDUAL/ GROUP ASSIGNMENTS Course Code | Course Name | Dept. Date Stamp | ACCT2159 | Corporate Accounting | | Assignment Title | Assignment No: | Date Due | | Corporate Accounting Assignment 2012 semester 3 | 1 | Friday, 7th December 2012 | | Academic’s Name: | | | Ms. Sue | | (For Office use only) | STUDENT(S) Family name | Given Names | Student Number | 1) Vu Ly Bao | Ngoc | s3357828 | 2) Bui Mai | Phuong | s3372823 | 3) Nguyen
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ACC 607 Financial Statement Articulation and Forecasting Project1 Crunchy Cones, Inc. Management of an ice cream cone retail company, Crunchy Cones, Inc., is considering opening specialty stores that sell whole wheat ice cream cones lined on the inside with bittersweet chocolate. The cones would be manufactured by a company experienced in the manufacture of chocolate products and Crunchy Cones would be a retailer for the cones. You have been asked to prepare a generic template that can be used for
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group. Required: Prepare a discussion outlining the alternatives for determining the appropriate cash flow statement classification for Go with the Flow’s insurance settlement proceeds, sale of accounts receivable, and acquisition of property, plant, and equipment on account. Relying on the applicable guidance, discuss the appropriate way for Go with the Flow’s to classify these transactions. Your discussion should include cites to the applicable guidance and how it applies to Go with the Flow’s
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market Prepaid expenses Total current assets Long-term investments Land held for future use Cash surrender value of life insurance Property, plant, and equipment Building Less: Accum. depr.—building Office equipment Less: Accum. depr.—office equipment Intangible assets Goodwill Total assets Liabilities and Stockholders’ Equity Current liabilities Accounts payable Notes
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maintaining a business, a large investment in property, plant and equipment is often required. These assets are often referred to as fixed assets or capital assets. There are two types of assets included in the cost of basis in long lived assets. The first is real property. Real property consists of land, land improvements (such as sidewalks and parking lots), building, and other structures attached to the land. The second type of asset is tangible personal property. An important thing to remember when determining
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balance sheet? 1 8. How does application of the lower of cost or market rule for inventories differ between IFRS and U. S. GAAP? 9. Which items should be included in the cost of property, plant, and equipment under IAS 16? 10. What are the two models allowed for measuring property, plant, and equipment at dates subsequent to original acquisition? 11. Define fair value in IAS 16. 12. If the enterprise chooses to follow the revaluation model, revaluation must be made ______ ________
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E9-1 The following expenditures relating to plant assets were made by Spaulding Company during the first 2 months of 2011. Instructions (a) Explain the application of the cost principle in determining the acquisition cost of plant assets. The cost principle states that assets must be recorded at the cost at which they were acquired. Although plant assets can fluctuate in fair market value, their book value will remain consistent. Companies must compute the total deprecation of the asset and
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