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Q: What method of accounting inventoryand depreciation procedure are use for Target Corp?
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What depreciation method does target use?

the straight line method


How can you use business accounting software for your small organic food company?

Accounting software has become a necessity for all types of businesses and self-employed individuals out there. It isn’t optional anymore. Processing a large volume of data manually or leaving all the accounting and financial management tasks to your accountant do not seem a wise decision. No matter how many accountants you hire, you are going to need an advanced accounting system that records the sensitive information, generate quality reports, help with inventory management and payroll calculation, and the list goes on. accounting receivable software is used for eliminating costly human errors. It simplifies the calculation process and ensures smoother management. Here is List of Best Accounting Software for Small Business: Target One Vasy ERP ERPNext CaniasERP StrategicERP Get More details about above listed Accounting Software at Technology Counter.


What is the target net income?

Target Net income = (Target Operating income)-(Target Operating income x Tax rate) Target operating income = (Revenues-Variable costs)- Fixed Costs


Accounting software for a food processing business?

Accounting software is an automated computer program that is designed specifically for accountants and bookkeepers. It helps you record and report multiple financial and monetary transactions in a systematic manner. It can vary from vendor to vendor. It also depends on the type, size, and requirements of the company. For instance, a large-scale company will need a comprehensive solution that can hold a considerable amount of data seamlessly, while small businesses may stick to off-the-shelf accounting software. Here is List of Best Accounting Software: ERPNext CaniasERP Anajmandi Grain Management Vasy ERP Target One Technology Counter provides best software for all kind of business.


How do you forecast goodwill in an Excel model?

Goodwill is a class of intangible asset which arises when you acquire a business. Goodwill is the surplus of price paid for the target's shares over the net assets of the target (net assets = book value of equity = total assets less total liabilities = shareholders' equity = shareholders' funds).Writing down goodwill under IFRSUnder IFRS (international financial reporting standards) the value of goodwill is checked each year under an "impairment test" and goodwill is written down if a valuation shows that the acquired target is not worth as much as previously thought. An example is the UK bank RBS's 2007 acquisition of Dutch bank ABN Amro. In 2009 RBS revealed the biggest loss in UK corporate history after it impairment tested ABN Amro and wrote down the value of its investment.Writing down goodwill under other accounting regimesUnder other accounting regimes e.g. UK and Dutch generally accepted accounting practice, goodwill is amortised or written down a little bit each year, just like depreciation on fixed assets.Lessons for financial modelling in Excel - the simple solutionIf you are trying to model an acquisition by a business that accounts under IFRS, the simplest way to model goodwill is to assume no future forecast change. It's not going to make much sense to forecast an anticipated write down or other revaluation and, in any case, it's a not a cash item so doesn't affect the business's economics.The more complicated pictureThe picture above is slightly simplified. When one business acquires another, goodwill is generated as described above. At the same time, the acquirer gets an opportunity to revalue the existing assets of the target upwards. The acquirer gets the opportunity to review the target's existing assets and also identify separate intangibles sitting within the target (e.g. a brand or publishing title that can be valued as a separate intangible asset). In effect, this means that the price the acquirer pays for the target can be broken down into:(i) the fair market value of the target's existing assets and liabilities;(ii) the value attached to separately identifiable intangibles; and(iii) goodwill (equals the surplus of price paid for the target's shares over the value of the other two types of assets).Points (i) through (iii) above provide you with a sense of how balance sheet values could change following an acquisition. In the P&L, following acquisition:(i) revalued tangible assets will be depreciated, increasing depreciation expense;(ii) intangibles will be amortised, increasing amortisation expense;(iii) under IFRS goodwill will be impairment tested each year as per the previous RBS example.In effect the acquisition process gives the acquirer the chance to:(i) 'find' some extra tangible assets that can be depreciated;(ii) 'find' some extra intangibles that can be amortised; and(iii) reduce the amount of goodwill showing on the balance sheet.Lessons for financial modelling in Excel: the more complicated solutionWhen modelling a merger in Excel you could, if you wished:(i) estimate expected revaluations of tangible assets and increases in depreciation;(ii) estimate separately identifiable intangibles and increases in amortisation.ConclusionWithout having gone through a valuation exercise ahead of the acquisition it is going to be very hard to forecast expected revaluations and they are non cash anyway - so it may make more sense to model intangibles as per "the simple solution" above. That is, just calculate goodwill as the surplus of price paid for the target's shares over the net assets of the target and forecast no change/ write down going forward. There are always so many big variables when you are trying to model an acquisition that it's hard to imagine that there is much to gain by super-accurate forecasting of non-cash items.Financial Training Associates Ltd: the CompanyThis answer has been provided by Financial Training Associates Ltd, a company that provides in-house training courses in excel financial modelling training, corporate and projecte finance, valuation and related subjects.

Related questions

What method of depreciation does Target Corp use on their financial statements?

According to their annual report, Target generally uses the accelerated depreciation method.


What depreciation method does target use?

the straight line method


How has Congress used depreciation to target small business activities for special treatment?

Congress has used depreciation to target small business activities for special treatment with enhanced small business expensing. The small business health insurance tax credit is another way they use depreciation to help small businesses.


How do you find the electrical test procedure for electric heaters?

AT TARGET


Where can I find seasonal positions at Target?

It can be found at Target website. The website gives you information about profile for certain jobs, the application procedure, and which jobs are available.


How is rounding to the nearest ten similar to rounding to the nearest thousand?

When rounding to a specific place, take a look at the digit immediately to the right of the target. If that digit is 4 or less, zero everything to the right of the target out. If that digit is 5 through 9, increase the target by one and zero everything to the right of it out. If the target is a 9, increasing it will turn it to zero and increase the digit to the left of the target by one. It doesn't matter whether the target is 10 or 1000, the process is the same.


Where would one get Home Accounting software from?

You can get Home Accounting software from different places. You can buy them at stores like Staples, Office Max, or Best Buy. Some stores like Target might also carry them.


What are standard assay conditions?

A standard assay is an analytic procedure for measuring the presence or amount or activity of the analyte. The general steps are; sample processing, target specific identification, target amplification system, and detection. detection.


Where might one purchase the textbook College Accounting?

You can purchase the textbook "College Accounting" online from websites like Amazon, Barnes & Noble, or Chegg. Alternatively, you can check with your college bookstore or local bookstores to see if they carry it in stock.


What is the purpose of paraffin wax bath?

A paraffin wax bath is a medical procedure designed to target areas of inflammation or tissue trauma, such as arthritic joints. The procedure consists of building up layers of heated wax and then wrapping the affected area.


What procedure is a radiopharmaceuticals used in?

Radiopharmaceuticals are used for many procedure involved in nuclear medicine. They are admitted to a patient in one of three ways: orally, inhalation, or intravenously. Each radiopharmaceutical is designed specifically to reach the target organ a doctor may want to view. Once it has reached the target organ a technologists will use a PET scan to capture an image to view the function. Hope that helped you out.


What is the maximum range (in meters) of the M16 Rifle?

The maximum range of the M16 rifle is 3,534 meters. The maximum effective range of the M16 rifle (point target) is 550 meters, which is about 600 yards, and around 800 meters (area target), which is around 875 yards. Point target is you aiming directly at your target (accounting for windage and elevation as necessary). Area target is basically you shooting at a range beyond that where you can aim directly for your target, but there is still a chance the round will hit. Of course, the actual effective range also depends on the user's marksmanship.