Archive | Assets

Valuation of Intangible Assets | Accounting

The below mentioned article provides an overview on the Valuation of Intangible Assets:- 1. Meaning of Intangible Asset 2. Process of Valuation of Intangible Assets 3. Recognition and Initial Measurement 4. Separate Acquisition 5. Acquisition by Way of a Government Grant 6. Cost of an Internally Generated 7. Recognition of an Expense 8. Amortization 9. Impairment […]

Combination of Values Approach

In this article we will discuss about the combination of values approach. The combination of values approach has been suggested as a way of avoiding some of the disadvantages of the different current value valuation methods. The Canadian Accounting Research Committee (CARC) favours a combined use of current entry and current exit prices. More specifically, […]

Advantages of Historical Cost

In this article we will discuss about the advantages of historical cost. Firstly, historical cost principle automatically requires the recording of all actual transactions in the past. The market value of finished goods can be ascertained without knowing how the goods were actually produced. But there is no way to determine the historical cost of […]

shopify traffic stats