4. Why do the current accounting standards not allow items such as brands, organisational strategy, peer and

Question:

4. Why do the current accounting standards not allow items such as brands, organisational strategy, peer and supplier networks, customer and social relationships, and human capital to be recognised in the balance sheet?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting An Introduction

ISBN: 9781488625695

8th Edition

Authors: Peter Atrill, Eddie McLaney, David Harvey, Ling Mei Cong

See More Books

Question Posted: Jul 26, 2024 11:04 AM

See More Questions

Has the availability of shelf registrations reduced the importance of private placements? Why?
The following T accounts summarize the flow of manufacturing costs during the current year through the ledger accounts of Payback Corporation: Instructions From the data supplied above, indicate the...
Applying the claims associated with resource dependence, what advice would you offer a public organization contracting officer about sole-sourcing. Explain. LO.1
*7. Habitat for Humanity is a wonderful charity organization that builds homes for needy families using volunteer labor. An eligible family can chose from three home sizes: 1000, 1100, and 1200 ftz....
Each of the Big 4 auditors along with Grant Thornton and BDO International provide illustrative financial statements on their web pages. www.pwc.com www.grantthornton.com www.kpmg.com...
MC algo 4-38 Lump Sums Your sister just deposited $9,500 into an investment account. She believes that she will earn an annual return of 9.6 percent for the next 7 years. You believe that you will...
5. What might be the problems if these items were allowed to be recognised in the balance sheet? What solutions can you offer?
3. Why do you think the intangible investments in digital firms (e.g. Facebook) increase their value when more people use them?
Consider the following two conformations of 2,3-dimethylbutane. For each of these conformations, use the following table to determine the total energy cost associated with all torsional strain and...
1. Identify the different types of inventory used. 2. Explain the different functions of its inventory. 3. Explain the objectives of inventory management at the local business. 4. Describe how the...
Can we always find throughput rate of a process by dividing the total output by the total operating hours? Are those two approaches equivalent?
what automatic control can help prevent the following risk scenario, "The sales order process application (SOPA) fails to correctly interface with the shipping process application (SPA), resulting in...
Think about a business, industry vertical or organization and think about how that entity you have chosen can be vulnerable/susceptible to RF security issues.Discuss to the best of your abilities...
Prevent an administrator from getting locked out of a router with AAA configured, users should have a method to access the device if a TACACS+ or RADIUS server cannot reached. What two methods should...
The Moody chart, Fig. 6.13, is best for finding head loss (or Δp) when Q, V, d, and L are known. It is awkward for the 3rd type of problem, finding d when hf (or Δp) and Q are known (see...
Banner Company acquires an 80% interest in Roller Company for $640,000 cash on January 1, 2013. The NCI has a fair value of $160,000. Any excess of cost over book value is attributed to goodwill. To...

4. Why do the current accounting standards not allow items such as brands, organisational strategy, peer and

Question:

Step by Step Answer:

Accounting An Introduction

Students also viewed these Business questions