Internally Generated Intangibles Handled Under IFRS - 550 Words

How are Internally Generated Intangibles Handled Under IFRS? (Coursework Sample) Content: How are internally generated intangibles handled under IFRS? How does this differ from U.S. GAAP?The differences between International Financial Reporting Standards (IFRSs) and United States Generally Accepted Accounting Principles (U.S. GAAP) are classified according to the differences in definition, recognition, measurement, alternatives, guidance, presentation and disclosure. Under both IFRS and U.S. GAAP both define intangibles assets as assets without physical substance. However, there are differences as pertains how the intangibles are re-valued, recognition of research and development costs. Under IAS 38, Intangible Assets, the requirements for intangible assets dictate that research expenses are expensed while costs for development can be capitalized if the entity shows; it has the technical feasibility, intention and adequate resources to develop or complete the intangible asset; that the asset will generate future economic benefit; and that the entity has th e ability to measure reliably expenses attributable to the asset during development. The entity meeting the aforementioned also needs to demonstrate that the asset will be available for use or sale and expense off any advertising and promotional costs.U.S. GAAP, ASC 340-20,350 and 985-20, dictate that costs for developing, maintaining or restoring intangible assets should be expensed if the expenses are not specifically identifiable, the assets have undefined life or that it is intrinsic under the going concern basis to the business as a whole. However, it allows for capitalization of development expenses related to computer software when the software is for sale and when it is for internal use. As pertains to advertising and promotional costs, the company should have accounting policy choice to expense the s...

Research and Explain the Information on Epidemiology Curves - 275 Words

Research and Explain the Information on Epidemiology Curves (Essay Sample) Content: EpidemiologyNameInstitution AffiliationEpidemic CurvesThe first curve is an indicator of point source outbreak that shows the trend of Hepatitis cases during the period between November and December 1978. The curve is an indicator of how Hepatitis occurred in three levels including during the Hepatitis incubation period. Meaning, the disease case did not come about due to person to person disease spread. The presumed onset date indicate that is it not clear when the outbreak began. Food handler case was prevalence beginning started between 18th and 24th with about below one person reported of the illness ("Epidemiology Curves," 2017). The handle case on 30 with two people reported of the disease. The secondary causes incident occurred between 6th and 12th. Later between 18th and 24th, two people recorded to have the disease.The second curve is an intermittent representation of outbreak of diarrheal in the city between December 1989 and January 1990 ("Epidemiology Cur ves," 2017). The disease appears to have a common source which is not controlled making the disease to recur. The common cause in the case is the biology. The third graph indicates the measles disease began as an infection as a single case and full spread of an epidemic outbreak. It is because of the quick spread that the curve has tall peaks on 5th and 17th December 1970 ("Epidemiology Curves," 2017).The peaks continue until January when the number declines when measures are taken to curb the menace.I recommend that the first curve quick action needs to be taken to control the emergence of a secondary case. The subsequent case increases the number of the affected and if not corrected fast can lead to an epidem...