scholarly journals Determination of the Value of Intangible Assets in the Companies of Lithuania

2017 ◽  
Vol 14 (2) ◽  
pp. 55-68 ◽  
Author(s):  
Rita Bužinskienė
Keyword(s):  
Financial Management ◽  
Intangible Assets ◽  
Fair Value ◽  
Financial Information ◽  
Financial Accounting ◽  
True Value ◽  
A Value ◽  
The Impact

AbstractIn accordance with generally accepted accounting standards, most intangibles are not accounted for and not reflected in the traditional financial accounting. For this reason, most companies account intangible assets (IAs) as expenses. In the research, 57 sub-elements of IAs were applied, which are grouped into eight main elements of IAs. The classification of IAs consists in two parts of assets: accounting and non-accounting. This classification can be successfully applied in different branches of enterprises, to expand and supplement the theoretical and practical concepts of the company's financial management. The article proposes to evaluate not only the value of financial information for IAs (accounted) but also the value of non-financial information for IAs (non-accounted), thus revealing the true value of IAs that is available to the companies of Lithuania. It names a value of general IAs. The results of the research confirmed the IA valuation methodology, which allows companies to calculate the fair value of an IA. The obtained extended IAs valuation information may be valuable to both the owners of the company and investors, as this value plays an important practical role in assessing the impact of IAs on the market value of companies.

scholarly journals ANALISIS PERLAKUAN AKUNTANSI AGRIKULTUR PADA PETANI KELAPA PADA DESA DI DAERAH LIKUPANG SELATAN : DAMPAK RENCANA PENERAPAN ED PSAK NO.69 TENTANG AGRIKULTUR

2016 ◽  
Vol 11 (2) ◽  
Author(s):  
Claudia W.M. Korompis
Keyword(s):  
Financial Management ◽  
Descriptive Analysis ◽  
Accounting Standards ◽  
Fair Value ◽  
Financial Accounting ◽  
Financial Accounting Standards Board ◽  
Traditional System ◽  
The Face ◽  
The Impact ◽  
The Village

Biological assets is a unique asset, because of the transforming growth even after biological assets generate an output. Although it has many unique, but the financial management of biological assets still have to refer to the Financial Accounting Standards. Currently the Financial Accounting Standards Board (DSAK) issued SFAS No. ED 69 on agriculture which will come into force on 1 January 2017. According to this SFAS Biological assets are measured at initial recognition and at the end of each reporting period at fair value less costs to sell. Many of Regions, especially in the village do not know the accounting treatment for biological assets. This makes researchers want to analyze the impact of the application of IAS 69 ED is the continuation of agricultural farmers' efforts in this regard coconut trees in the village in the district South Likupang. With the proper financial management from the village, will support the country's economy as a whole, especially in the face of the MEA. This research uses descriptive analysis. The results of this study indicate that in general the village in the Regional South Likupang not apply to recognize the fair value of their assets. The traditional system by recognizing the asset at the acquisition price is still the basis in preparing the financial statements. But with this study are expected, farmers / entrepreneurs start applying SFAS palm plant began in 2017. Keywords: Accounting, Agriculture, ED IAS 69, Village.

Governmental Financial Accounting and European Harmonisation: Case Study of Finland

2014 ◽  
Vol 4 (3) ◽  
Author(s):  
Lasse Olavi Oulasvirta
Keyword(s):  
Financial Management ◽  
Balance Sheet ◽  
Fair Value ◽  
Financial Accounting ◽  
Government Accounting ◽  
Public Financial Management ◽  
Income Statement ◽  
New Public ◽  
European Harmonisation ◽  
The Impact

AbstractThe Finnish government accounting has developed from its own premises which used to emphasise the importance of budgetary accounting and prudence. Since the 1990s and the impact of New Public Financial Management, the Finnish government financial accounting has been accruals based. However, the Finnish application of accruals is based on the income statement approach, realisation principle and prudence. The International Public Sector Accounting Standards (IPSAS) based more on the balance sheet approach and fair value accounting are not suitable for the Finnish government accounting culture and practice. Furthermore, this means from the Finnish perspective that the EPSAS standards should not be based on IPSAS but on a conceptual framework especially developed for the European context.

scholarly journals MENGUPAS PERSOALAN STANDAR AKUNTANSI KEUANGAN - GOODWIL DI BERBAGAI NEGARA : SUATU PENDEKATAN STUDI LITERATUR

2017 ◽  
Vol 2 (2) ◽  
Author(s):  
Deddy Kurniawansyah
Keyword(s):  
Research Method ◽  
Intangible Assets ◽  
Accounting Standards ◽  
Financial Statements ◽  
Fair Value ◽  
Financial Accounting ◽  
International Accounting Standards ◽  
Fair Value Accounting ◽  
Literature Study ◽  
Accounting Standard

This literature study explains and describe the development of the concept of goodwill from the perspective of accounting by observing and describing until the development at this time, discusses differences in accounting standards of goodwill applicable in some countries, and explains the things that contradict the goodwill. This research method used qualitative with literature study. The results of this study are in some countries, the concepts and rules on goodwill accounting have undergone various changes, including international accounting standards issued by the IASC. Initially goodwill is capitalized and amortized over no more than 20 years. But, along with the increasing use of fair value accounting in accounting standards, thetreatment for goodwill also experienced a shift that is eliminated by the amortization method is replaced by doing impairment test to goodwill. The results of this study contribute as add to the treasury of financial accounting literature, especially accounting treatment of goodwill as intangible assets in the financial statements of various countries such as Indonesia, America and the England.Keyword :Goodwiil, Impairment, Financial Accounting Standard

Direct spectrophotometry of magnesium in serum after reaction with hexokinase and glucose-6-phosphate dehydrogenase.

1985 ◽  
Vol 31 (5) ◽  
pp. 703-705 ◽  
Author(s):  
M Tabata ◽  
T Kido ◽  
M Totani ◽  
T Murachi
Keyword(s):  
Spectrophotometric Method ◽  
Present Method ◽  
Reaction Rate ◽  
Colorimetric Method ◽  
Simple Method ◽  
True Value ◽  
A Value ◽  
Glucose 6 Phosphate Dehydrogenase ◽  
Direct Spectrophotometry

Abstract We describe a simple method for determining magnesium in serum by using hexokinase (EC 2.7.1.1) and glucose-6-phosphate dehydrogenase (EC 1.1.1.49). The method is based on determination of the reaction rate of hexokinase activated by Mg2+, which participates in the hexokinase reaction as the substrate in the form of a Mg X ATP2- complex. The reaction rate is determined from the change in absorbance at 340 nm as NADPH is produced by the action of glucose-6-phosphate dehydrogenase. This simple and rapid spectrophotometric method does not require expensive instrumentation, but results correlate satisfactorily with those obtained by atomic absorption spectroscopy. Thus, the present method gives a "true" value for magnesium in serum, a value appreciably lower than that obtained by an earlier colorimetric method, the Xylidyl Blue II method (Biochem Med 7: 208-217, 1973), which lacks specificity.

Progress in mineralogy

1977 ◽  
Vol 286 (1336) ◽  
pp. 235-237
Keyword(s):  
Earth Science ◽  
Complete Classification ◽  
Applied Physics ◽  
X Ray Diffraction ◽  
Full Effect ◽  
Spin Resonance ◽  
Great Progress ◽  
The Impact

Since the fiftieth anniversary of the Mineralogical Society in 1926, there has been an epoch of great progress, resulting from the impact of applied physics and from the generally widened horizons of Earth science. Description of the morphology of crystals by means of the goniometer, determination of the optics of minerals in transmitted light and of their chemistry by wet methods had already been carried to an advanced stage, but in the eight years up to 1934 the full effect of the application of X-ray diffraction to crystallography by von Laue, W. H. & W. L. Bragg, Jackson, Maugin, Pauling, W. H. Taylor, Warren, West and Wyckoff was felt, leading to a virtually complete classification of minerals on the basis of atomic structure (Bragg 1937). This has stood the test of time for all minerals save chrysotile, and has been fundamental to most other developments in mineralogy. Active fields in structure analysis today include the basis of ordering over octahedral and tetrahedral sites in silicates, and the factors controlling bond-lengths and angles; nuclear magnetic resonance (Bloch 1946; Purcell 1946) and electron spin resonance (Zavoisky 1945) are contributory techniques.

The impact of fair value estimates on audit fees: evidence from the financial sector in Jordan

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Rateb Mohammad Alqatamin ◽  
Ernest Ezeani
Keyword(s):  
Positive Relationship ◽  
Stock Exchange ◽  
Random Effect ◽  
Audit Fees ◽  
Fair Value ◽  
Financial Information ◽  
Content Type ◽  
External Auditors ◽  
The Right ◽  
The Impact

PurposeThis study investigates the association between the estimates of fair value and external auditor's fees.Design/methodology/approachBased on a sample of 32 Jordanian financial companies listed on the Amman Stock Exchange (ASE) over the period 2005–2018. We employ random effect models to test our hypothesis.FindingsWe found a positive relationship between audit fees and the proportion of fair value assets, which implies that external auditors are more likely to spend more effort for complex estimates, thereby increasing audit fees. We examined the relationship between audit fees and three levels of fair value inputs and found a positive relationship between the level of effort spent on assessment of higher uncertainty fair value inputs and audit fees. The findings are consistent with the expectation that more audit effort is required in a highly regulated environment due to the possibility of a higher cost of litigation.Practical implicationsThe findings of this study could be beneficial for a number of users of financial information, such as investors, regulators, auditors. This group of users might consider the results of this study when they are using a company's financial information, and consequently, better able to make the right decisions.Originality/valueAlthough prior studies have researched fair value, no study to date among developing countries has investigated its relationship with audit fees. This study, therefore, provides new empirical evidence that the complexity and risk of fair value estimates significantly influences auditors' motivation to expend additional effort, resulting in higher audit cost.

scholarly journals ІДЕНТИФІКАЦІЯ ТА КЛАСИФІКАЦІЯ ГЛОБАЛЬНИХ ВИКЛИКІВ

2020 ◽  
pp. 36-44
Author(s):  
М. С. Татар
Keyword(s):  
Social Economic ◽  
Practical Significance ◽  
Interstate Relations ◽  
Systematic Classification ◽  
Probability Of Occurrence ◽  
Global Challenge ◽  
Global Challenges ◽  
The Impact

Global challenges complex affect the system of international relations, interstate relations, the nature of interaction between economic entities within the state and between economic entities of different states, requiring a radical transformation and modification of the modern global system and the actions of its actors. The aim of the research is to identification, classification of global challenges by strength of impact and probability of occurrence to further determine their impact on the economic entities behavior and the formation of relationships between them. The subject of the research is the global challenges, the strength of their impact and the probability of occurrence and change in time. The methods of the research: logical-substantive method, method of comparison, methods of induction and deduction, analysis and synthesis. The hypothesis of the research. There is a need to identify and classify global challenges to further determination of their impact on the nature of behavior and the system of relationships of economic entities in the context of global challenges. The statement of basic materials. The concepts of global challenge, global problem, global risk, global crisis, global catastrophe are considered. It is proposed to consider the global challenge as a situation facing a large number of people who are not able to solve it on their own in an adequate time and they need to join efforts to solve it, which can create a global threat that will result in global problems, risks, crises and catastrophes, and be an incentive for global positive change. The classification of global challenges is proposed, which includes geopolitical, social, economic, biological, demographic, climatic, technological, informational, cultural. The originality and practical significance of the research lies in the systematic classification of global challenges in order to further determination of the impact of each group of global challenges on changes in both interstate relations and the nature of interaction between individual entities. Conclusions and perspectives of further research. The proposed by the author classification of global challenges on the basis of the annotated critical analysis of scientific literature, which is presented by 7 groups of global challenges such as geopolitical, social, economic, biological, demographic, climatic, technological, informational, cultural – will be the basis for global challenges impact determining on the nature of behavior and the system of relationships of economic entities in the context of global challenges.

scholarly journals Evaluation of the Impact of the External Audit in the Functioning of Health Public Institutions "Cases of the General Hospitals of Reference of Kabondo and Makiso/Kisangani of 2011 and 2014"

2019 ◽  
pp. 1-10
Author(s):  
Assani Ramazani Raymond ◽  
Isetcha Tawiti Désiré
Keyword(s):  
Financial Management ◽  
Descriptive Study ◽  
Public Institutions ◽  
Financial Information ◽  
The Self ◽  
External Audit ◽  
General Hospitals ◽  
Good Image ◽  
The Impact

Objectives: This study aims at evaluating the effects of the external audit on the countable and financial management of the General Hospitals of Reference of Makiso/Kisangani and Kabondo. Methods: We worked with a sample with reasoned choice. It is about a descriptive study of the retrospective type which we associate the analytical method. The data collected in this study after the examination, were transformed into frequency, and then, expressed as a percentage. Results: For the HGR of Makiso/Kisangani, the receipts carried out for the audited period account for 55.56% against 45.44% for the not-audited period, that is to say a variation of 10.12%. While for the HGR of Kabondo, the receipts carried out for the audited period account for 63.81% against 36.19% for the not-audited period, that is to say a variation of 27.62%. Conclusion: We noticed that for the audited period the medical structures under study presented a performance by profitability, the permanent follow-up of its accountancy which reduces the risks of the frauds and errors as well as the financial hemorrhages, the reliability of financial information due to the self-checking and the credibility of the institution near the external contractors, since it presents a good image.

Formation of professionalism of executives

2017 ◽  
Vol 31 (1) ◽  
pp. 45-55 ◽  
Author(s):  
Kirill Gerasimov ◽  
Boris Gerasimov
Keyword(s):  
Professional Competence ◽  
Qualitative Evaluation ◽  
Economic Systems ◽  
Content Type ◽  
Professional Activities ◽  
A Value ◽  
Model Of Management ◽  
National Model

Purpose The purpose of this paper is to present the results of the research in the sphere of education and preparation of Russian executives in view of mentality and elements of national model of management. Design/methodology/approach The research consisted in analysis of modern developments in the sphere of HR management in socio-economic systems. The authors used the materials on structuring and classification of managerial activities from various points of view. The research is based on recent tendencies in the sphere of application of intensive educational technologies. Findings Ten levels of managerial activities were distinguished on the basis of the performed research. Each of these levels is a new step of qualitative significance and complication of managerial activities. In order to achieve new and higher levels of professionalism, a model of professional development of executives was created, which consists of several blocks, which stimulates obtaining the knowledge and acquisition of certain skills in this sphere. The structure of problem and situational game “Professionalism of executives” and methodology of evaluation of activities of game participants are given. Practical implications Using game modeling for determination of the level of professional activities will allow evaluating specialists, in particular, executives, and determine qualitative evaluation of the level of their competence in various aspects of their activities. Originality/value The research possesses a value for lecturers, managers, and consultants of educational establishments who perform training, additional training, and development of professional competence of executive in organizations of any profile in view of national mentality.

scholarly journals Bias of the Hubble Constant Value Caused by Errors in Galactic Distance Indicators

2021 ◽  
Vol 66 (11) ◽  
pp. 955
Author(s):  
S.L. Parnovsky
Keyword(s):  
Hubble Parameter ◽  
Least Squares Method ◽  
Statistical Processing ◽  
Hubble Constant ◽  
Real Data ◽  
True Value ◽  
Original Dataset ◽  
The Impact ◽  
Distance Indicators

The bias in the determination of the Hubble parameter and the Hubble constant in the modern Universe is discussed. It could appear due to the statistical processing of data on the redshifts of galaxies and the estimated distances based on some statistical relations with limited accuracy. This causes a number of effects leading to either underestimation or overestimation of the Hubble parameter when using any methods of statistical processing, primarily the least squares method (LSM). The value of the Hubble constant is underestimated when processing a whole sample; when the sample is constrained by distance, especially when constrained from above. Moreover, it is significantly overestimated due to the data selection. The bias significantly exceeds the values of the erro ofr the Hubble constant calculated by the LSM formulae. These effects are demonstrated both analytically and using Monte Carlo simulations, which introduce deviations in the velocities and estimated distances to the original dataset described by the Hubble law. The characteristics of the deviations are similar to real observations. Errors in the estimated distances are up to 20%. They lead to the fact that, when processing the same mock sample using LSM, it is possible to obtain an estimate of the Hubble constant from 96% of the true value when processing the entire sample to 110% when processing the subsample with distances limited from above. The impact of these effects can lead to a bias in the Hubble constant obtained from real data and an overestimation of the accuracy of determining this value. This may call into question the accuracy of determining the Hubble constant and can significantly reduce the tension between the values obtained from the observations in the early and modern Universes, which were actively discussed during the last year.

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