Search Results for 'historical cost concept as it applies to long term operational assets'

  1. Poa-Historical Cost Concept

    the purchase documents. The historical cost concept is clarified by the cost principle, which states that you should only record an asset, liability, or equity at...

  2. The Use Of The Historical Cost Convention And The Accrual Concept...

    of time. Clearly, the usefulness of the historical cost principle is zero when it comes to decision making. Decision makers rely on the concept of relevant...

  3. Historical Cost Vs Current Cost

    recognized current market price of those assets. Besides that, it might bring other disadvantages to us. The historical cost does not consider current purchasing...

  4. Historical Cost And Fair Value

    at the time of a transaction. The term historical cost helps to distinguish an assets original cost from its replacement cost, current cost, or inflation-adjusted...

  5. Historical Cost

    several advantages over the historical cost concept. The current cost represents the amount the firm would have to pay currently to obtain the asset or its services...

  6. Historical Cost Accounting

    can be thought of as mixed values in that historical costs may represent out of date values (when particular assets were acquired many years ago), but in other cases...

  7. Comparison With Historical Cost Accounting

    The main alternative to fair-value accounting is historical-cost accounting. Here, assets are recorded at historical cost, which generally equals the fair value...

  8. Historical Cost

    the situation in which accountants record revenue, expenditure and asset acquisition and disposal at historical cost: that is, the actual amounts of money, or money...

  9. Historical Cost

    concept. 3. Yet it may not always be advisable to measure all assets at fair value - for example factory land and building. Historical cost...

  10. Why Is Ifrs So Strong In Using Fair Value Instead Of Historical Cost For...

    knowledgeable willing parties in an arms length transaction. Whereas Historical cost ignores the amount the asset could be sold for in the open market, called fair...

  11. Should We Use Fair-Value Accounting Or Historical Cost Accouting?

    value accounting is used for valuing financial assets, disclose in the notes what the historical cost was. Undoubtedly, this approach is extremely difficult and time...

  12. Historical Cost Accounting

    years financial statements are flawed in that historical costs do not accurately reflect current market conditions. Assets are not valued at their existing market...

  13. Historical Cost Accounting

    monetary value at the date of transaction (i.e. their historical cost). An asset or liability being measured using the historical cost basis is recognized initially...

  14. Historical Cost Accounting

    : http://papers.ssrn.com/paper.taf?abstract_id=270778 Historical Cost and Price-Level Accounting: an study for Brazilian companies Abstract I am trying, in...

  15. Long-Term Contracts For Natural Gas

    are a way of minimizing transaction costs for two parties engaging in a commitment involving significant specific assets. Long-term contracts including requirement...

  16. Advantages And Disadvantages Of Historical Cost Accounting

    reporting, as examined in the IASBs Framework. As a past value, for most assets historical cost is more reliably determined than other current valuation such as fair...

  17. Is Market Value The Best Alternative To Historical Cost?

    market (fair) value accounting that has beenthinking as the best alternative to the historical cost accounting. The market value of an asset (liability)is the amount...

  18. Recruitment And Retention For Long Term Employees

    Recruitment and Retention for Long Term Employees By Patricia Gonzalez BUSI526 Abstract This paper describes what recruitment and retention are when...

  19. Does Divorce Have Long Term Damaging Effects On Children

    Welfare- Issue Analysis Report Rachel Gates- Jan.09 Does Divorce Have Long-Term Damaging Effects on Children? The author presenting a pro position in this text is...

  20. Long-Term Financing

    with greater than one-year maturities, and the cost of this long-term capital can be calculated using either the Capital Asset Pricing Model (CAPM) or Discounted...