Reference no: EM131193283 , Length:
Communication and Leadership
Research and development costs
GeneTech Ltd a biological research company that is developing gene technology in the hope of finding a vaccine for skin cancer During the last financial year, GeneTech Ltd spent $1.2 million on research. The scientists involved in the Project believe they may he on the right track with the research, although many other companies are claiming the same thing and as yet no one has Patented a vaccine.
Required
In groups of three or four, discuss the Options under IAS 38/AASB 138 Intangible Assets for the accounting treatment of the $1.2 million. What impact will each of these options have on the company's profit?
Prepare a one-page letter to the managing director of GeneTech Ltd advising her of your preferred treatment for the research and development costs.
FINANCIAL ANALYSIS
Refer to the consolidated financial statements and their notes in the latest financial report of JB Hi-Fi Limited on its website, www.jbhifi.com.au, and answer the following questions.
1. Were any items of property, plant and equipment revalued by the entity during the current financial year? during previous years? If so, give details.
2. Were any items of property, plant and equipment derecognized during the year? If so, how has the entity disclosed any gains or losses made on derecognition of such assets? Provide details of any financial amounts involved.
3. From the latest statement of financial position (balance sheet), provide details of the types and amounts of assets regarded by JB Hi-Fi Limited as 'intangible'. What accounting treatment is adopted in accounting for the acquisition of goodwill?
4. Have there been any instances where the group's non-current assets were revalued upwards/ downwards'? if so, provide details.
Identify different diversities
: Identify different diversities that may be found within groups. Explain the impact of diversity on an organization. Identify the collaboration between a manager and human resources (HR) within organizational behavior.
|
Prepare report summarizing findings on denmarks taxation
: The top management of your company has requested information on the tax policies of Denmark. Prepare a short report summarizing your findings on Denmark's business taxation.
|
Is this advertisement technically reasonable
: Is this advertisement technically reasonable? If you are like most TV viewers, you don't know the R-value is defined as L/k, where L (in.) is the thickness of the insulation and k (Btu · in/hr · ft2 · oF) is the thermal conductivity of the materia..
|
Explanation of the importance of leadership development
: Provide a thorough explanation of the importance of leadership development. You may include responses to the following: Why is leadership development important to organizations?
|
Prepare a one-page letter to the managing director
: Prepare a one-page letter to the managing director of GeneTech Ltd advising her of your preferred treatment for the research and development costs.
|
Explain vr roadmap key components
: Explain the case at hand in less than 250 words. What is VR and how this problem is getting solved. Explain VR roadmap key components: objective, deliverables, and tools by phase. How VR phases align with Six sigma process.
|
Record an average concentration
: A domestic water supply has recorded an average concentration of 1,2 dichlorobenzene of 5.0 micrograms per liter. Determine the intake for a 200-pound adult who consumes 2.0 gallons of water per day over a 30-year period.
|
Why is the code of ethics significant to your organization
: Why is the Code of Ethics significant to your organization? How will your code apply to the international sales team? How will your organization balance performance-based incentives with its Code of Ethics?
|
Explain why this health policy change is important
: Explain the health policy you are proposing and its purpose. Explain why action is needed. Explain what course of action is recommended. Explain why this health policy change is important. Explain essential points that explain how this issue has e..
|