0
What are the internal and external indicators of the assets impairment?
Wiki User
∙ 14y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the necessity for impairment testing of assets?
necessity of impairment testing of assets
What is the mean of impairment of the assets?
what is mean by assets register?
What is 5 elements of internal business environment?
Product attractiveness, opportunities, organizational structure, intellectual assets, and internal stakeholders are the 5 elements of internal business environment. Another element is key business drivers such as market indicators.
What does it mean by permanent impairment on the knee?
7AS 3b seSUDtirTe'pfinciples and methodolgy for accounting for impairments of non-current assets and goodwill. Where possible individual non-current assets should be tested for impairment, ver
3 types of financing?
there are internal and external sources of financing. internal sources are things like selling assets such as computers and machinery other internal sources are retained profit and your own personal money. external sources are things like loans, grants and overdrafts.
Distinguish between internal and external reconstruction?
INTERNAL RECONSTRUCTION- when the name of the co. remain as before but changes are made in assets and liabilities of the co. and entries are made in the books of the co. of such changes and balance sheet is amended it is called internal reconstruction. EXTERNAL RECONSTRUCTION- when such heavy changes are not possible or new capital is to be issued or there is much dissent among shareholders or by changing the name of the co. , an effort is made to give new life to the co. the co. is liquidated and a new co. is formed to purchase the assets and liabilities of old co. ,it is called external reconstruction.
What can a corporation do to obtain information about strategic environmental factors?
There are both internal and external environmental factors to be considered when writing up a business plan for a corporation. The internal factors include the assets, attitudes and skills of employees, and the structure of the company. The external factors include such areas as technology, marketing, climate, legal, political and demographics.
Why an external auditor should be concerned over internal control?
An external auditor should be concerned over internal control because it helps ensure the accuracy and reliability of the financial statements. Weak internal controls increase the risk of errors or fraud going undetected, which could lead to misstated financial information. Assessing internal controls is essential for the auditor to determine the extent of their reliance on the company's systems and processes.
What is the difference between internal and external sources of finance?
Internal sources is finance which comes mainly frown own funds, profits and depreciation The main internal sources of finance for sole proprietors are as follows; · Owner's funds · Selling personal assets · Profits · Depreciation External sources is capital obtained from financial institutions, such as banks, and from individuals willing to provide finance. The main external sources of finance for sole proprietors are as follows; · Bank loans · Mortgage loans · Grants and loans · Hiring and Leasing
Internal and external environment of BMW?
under the section 'The resource based view of the firm', we discuss of the notion of strategic asset. In the case of BMW cars, do some research and discuss of the strategic assets of BMW company.
What are Elements of macro environment?
:These are the elements of internal business environment: · key business drivers (e.g. market indicators, competitive advances, product attractiveness, etc.); · the organization's strengths, weaknesses, opportunities and threats; · internal stakeholders; · organization structure and culture; · assets in terms of resources (such as people, systems, processes, capital etc); . intellectual assets like patents/ process knowledge · goals and objectives and the strategies already in place to achieve them.
How is technological obsolescence stated on balance sheet?
It's not. If inventory or assets have become impaired the impairment amount gets written off as an expense to the profit and loss. With fixed assets this normally happens when they are revalued.
