Accounting Financial Tax

How to Account Fixed Assets Acquired by Leasing?

Putra — Sat, 25 Feb 2012 11:01:35 +0000

Companies acquire their fixed asset in some different ways. Rather than simply purchase their fixed asset, some companies may choose to lease theirs. You record purchased fixed assets at their cost (purchased amount plus any expenditures related to the purchase,) how about leased ones? How to...

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Deciding Whether to Expense or Capitalize Fixed Asset-Related Expenditures

Putra — Thu, 23 Feb 2012 08:51:48 +0000

While capital and repair expenditures have been long recognized in both the accounting and tax area, deciding whether to capitalize or expense fixed asset-related expenditures still causes significant issues for the rest of us. All companies utilize fixed asset to run businesses they make,...

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Testing Management’s Fair Value Measurements in Auditing

Putra — Mon, 20 Feb 2012 08:38:02 +0000

The increase in the amount of fair value measurements, in financial reporting, creates a challenge for auditor. Auditing the fair value measurements is complex since fair value measurements often include assumptions that are based on judgment or other non-market-based information. An independent...

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