Tuesday, December 31, 2019
What Is Faith Integration - 2122 Words
What is Faith Integration? Faith integration in business has been a hot topic in recent years. Many researchers and critics have come to the conclusion that religious values have major impact on organizations and in the workplace. According to Alan G. Walker, in his scholarly journal, The Relationship Between the Integration of Faith and Work with Life and Job Outcomes, about 9 out of 10 Americans express belief in a higher divine being and almost 45% claim to have awareness of their faith in the workplace. (Walker, 2012) In this case, Christian value is examined to see how it is incorporated in businesses. Faith integration can be defined by â€Å"living out your faith in the workplace†. (Marlee, n.d.) On the corporate level, faith integration means incorporating Christian values into the company value. This does not mean a company that integrates faith in the workplace has to become a â€Å"Christian company†. Furthermore, any company name with â€Å"Christian†in place can seem e xclusive to non-Christian consumers. Faith integration also does not mean the work environment has to be heavily emphasized with scriptures or filled with Christian workers. Christians are called to be salt and light in the world, which is a concept that is applicable in the business environment. Implementation As a businessperson, prior to applying Christian values in the company, has to understand what exactly he or she believes. A sound spiritual foundation has to beShow MoreRelatedIntegrative Approaches Of Psychology And Christianity1495 Words  | 6 Pages Summary â€Å"Integrative Approaches to Psychology and Christianity, An Introduction to Worldview Issues, Philosophical Foundations and Models of Integration†is a book written by David N. Entwistle that offers insight and awareness to the relationship between psychology and theology. Psychology and theology share a common interest in the nature and purpose of human beings. This book introduces worldview issues and a philosophical source that provides a framework of the relationship between the scienceRead MoreThe Transformational Psychology View, By Coe And Hall Essay1625 Words  | 7 Pagesthink â€Å"Christianly.†Its an approach that states psychology is an act of doing love. It emphasizes learning, practicing, and living psychological science through the Spirit. The goal is not to relate aspects of science to faith, rather to transform science into an actual act of faith. The transformational view offers and values the idea of soul care for individuals. This view still respects the traditions and historical aspects of psychology. It emphasizes the importance of openness towards experienceRead MoreGod and Government Essays1537 Words  | 7 PagesIntegrating Faith and politics can be difficult. Arguments can be made for whether to have complete separation of faith and politics, or to fully integrate the two. A balanced middle-ground between separation and integration can be looked at also. Examples of each can be looked at in history. Complete separation of faith and politics has consequences (both positive and negative). Government that is separated from faith can be efficient, but very inhumane and controlling. Complete integration of faithRead MoreRelationship Between Faith And Knowledge Essay1303 Words  | 6 Pages Faith Integration Jaelynne (Loft) Allen Azusa Pacific University Faith Integration According to William Hasker, â€Å"[Faith] integration is concerned with integral relationships between faith and knowledge, the relationships which inherently exist between the content of the faith and the subject-matter of this or that discipline; such connections do not have to be invented or manufactured. But they do need to be ascertained and developed; unless this is done faith and knowledgeRead MorePsychology, Theology, And Spirituality1658 Words  | 7 PagesSummary In the book, Psychology, Theology, and Spirituality in Christian Counseling, McMinn expands upon the theory of integrating psychology and theology by providing the reader with concrete methods to utilize in counseling. His approach to integration is filled with helpful guidance for any counselor striving to strike the appropriate balance in their sessions. McMinn divulges into how and when to use scripture, prayer, confession and redemption. He advocates for utilizing these methods on aRead MoreIntegrating Psychology And Theology Case Study1034 Words  | 5 Pagesremain true to their faith while working in the field that God has set forth for them. God has appointed His servants as the light in our darkened world. It is through Him that we are able to gain knowledge and understanding of the world around us. I believe that God has left us instructions in the Bible that cover all aspects of life and give us a starting point to base our knowledge off of. I identify with the Alli es integration approach when it comes to intertwining my faith with the field ofRead More4-Mat-Review1471 Words  | 6 PagesChristianity were not separate theories, but is an integration of both when used together. Entwistle shows us in his book that the integration of science and theology has always interacted but it will give the reader a better understanding and knowledge of the integration process and how the modern psychological approach is correlated to Christianity. Entwistle (2010) reminds us that if Christ has a stake on all of our lives then the works of integration will become feasible and imperative, as we attemptRead MoreThe Integration Perspective And The Christian Psychology Perspective913 Words  | 4 Pagesand incorporate Christian values, principles and knowledge into modern psychological counseling, research, and practice. Two of the main perspectives that tries to merge the two principles and theories is the Integration perspective and the Christian Psycho logy perspective. The Integration perspective is the view that incorporates and offers a theory that integrates and creates a balance between Christian doctrine and modern psychology. Characteristic of this approach is the inclusion of ChristianRead MoreThe Need For Sex Therapy929 Words  | 4 PagesThe Need for Sex Therapy As research suggests, sex therapy can be an effective mode of treatment for many issues in regards to sexual activity. From an outsider’s perspective, it may be hard to understand the process of sex therapy ad what it is used for. I would assume that people might think sex therapy is for pedophiles or rapist, trying to control their â€Å"urges†. However, sex therapy is more than just for that reason, it can be a healing process for those who have been abused or even a buildingRead MorePersonal Evaluation of My Faith Essay588 Words  | 3 Pages Assessment Paper As an image bearer of God this assessment is an evaluation my faith and spiritual development while learning to function as a believer in the Father, Son and Holy Spirit. This personal assessment is essential in the strengthen and development of witnessing for Jesus and spreading the gospel through effective ministries to win souls for Christ. This course gives the essential strength of one’s faith that is paramount in creating a spiritual foundation of becoming an effective Christian
Monday, December 23, 2019
Exam Paper - 2332 Words
U212/SEP Specimen Examination Paper with Notes CHILDHOOD Time allowed: 3 hours This paper is divided into FOUR sections. You should answer three questions in total, each one from a different section. All questions carry the same number of marks. Spend about one hour on each question. At the end of the examination Check that you have written your personal identifier and examination number on each answer book used. Failure to do so will mean that your work cannot be identified. Put all your used answer books and your question paper together, with your signed desk record on top. Fix them all together with the paper fastener provided. Copyright  © 2007 The Open University Printed in the United Kingdom SUP 00107 5 2.1†¦show more content†¦The Specimen Examination Paper is set out in exactly the same way as the actual examination paper will be, with the same sections, each containing three choices. As set out on page 3, in the actual exam we will include a list of titles of the chapters and the audio-visual bands. We hope that these will be useful memory aids, if required. These notes do not advise you on how to go about your revision of the course. This is something that your tutor will help you with. However, the structure and requirements of the paper may help to inform what you do and what you concentrate on. The end-of-course examination is part of the assessment of U212 and contributes to 50 per cent of your overall course score. The paper is divided into four sections which relate to the four blocks of the course. Each section contains three questions, each addressing a significant body of material. Some questions can be answered by drawing mostly on a single unit of work within the block and others invite you to range more widely over the block. For a number of the questions there is scope to draw on material from outside the block immediately concerned, so although the paper is structured in this way you should not feelShow MoreRelatedExam Paper7169 Words  | 29 PagesChapter 4 Personality and Values MULTIPLE CHOICE Personality 1. Which of the following statements about personality is correct? a. Personality is always stable. b. Personality is a part of a person. c. Personality is an aggregate whole. d. Personality is for the most part comprised of traits that cannot be measured. e. Personality is the primary source of emotions in most people. (c; Easy; Personality; p. 105) 2. Which of the following statements about theRead MoreExam Paper3002 Words  | 13 PagesCHEMISTRY Paper 1 Multiple Choice Additional Materials: Multiple Choice Answer Sheet Soft clean eraser Soft pencil (type B or HB is recommended) Data Booklet 9701/11 May/June 2012 1 hour *6083199800* READ THESE INSTRUCTIONS FIRST Write in soft pencil. Do not use staples, paper clips, highlighters, glue or correction fluid. Write your name, Centre number and candidate number on the Answer Sheet in the spaces provided unless this has been done for you. There are forty questions on this paper. AnswerRead MorePhysical Exam Paper1951 Words  | 8 PagesDOCUMENTATION Nursing 200: Complete Physical Examination (PE) Written Documentation       Indiana State University College of Nursing, Health, and Human Services Nursing 200: Complete Physical Examination (PE) Written Documentation The format for this paper is based on : Jarvis (2008). Examiner:      , SN ISU Date: 4/12/09 Patient: S.C. Age: 20 Occupation: Full-time nursing student taking 14 hours Language spoken: English Gender: Marital Status Race: Caucasian Ethnic affiliationRead MoreEcon2206 Exam Paper2868 Words  | 12 PagesTHIS EXAMATION PAPER HAS 9 PAGES 4. TOTAL NUMBER OF QUESTIONS - 6. 5. ANSWER ALL QUESTIONS. 6. ALL QUESTIONS ARE OF EQUAL VALUE 7. TOTAL MARKS AVAILABLE FOR THIS EXAMATION - 60. 8. THE MARKS AWARDED TO EACH PART OF A QUESTION ARE INDICATED. 9. CANDIDATES MAY BRING THEIR OWN CALCULATORS TO THE EXAM 10. STATISTICAL TABLES ARE PROVIDED AT THE END OF THE EXAM PAPER 11. ALL ANSWERS MUST BE WRITTEN IN PEN. PENCILS MAY BE USED ONLY FOR DRAWING, SKETCHING OR GRAPHICAL WORK. 12. THIS PAPER MAY BE RETAINEDRead MoreMgt B399 Exam Paper1539 Words  | 7 PagesSUGGESTED GUIDE FOR MGT B399 Specimen Exam Paper BA OUHK PART A Question 1 (a) Describe the role of organizational control and organizational culture play in strategy implementation. (20 marks) Organizational controls guide the use of strategy, indicate how to compare actual and expected results, and suggest actions to take to improve performance when it falls below expectations. When properly matched with the strategy for which they were intended, structure and controls can be a competitiveRead MoreInternational Economic Exam Paper1163 Words  | 5 PagesINTERNATIONAL BUSINESS ECONOMICS - PAPER FOR RESIT CANDIDATES PAPER A Time Allowed: THREE hours Answer THREE questions No credit will be given for attempting any further questions. This exam paper has been made available in electronic form strictly for the educational benefit of current Royal Holloway students on the course of study in question. No further copying, distribution or publication of this exam paper is permitted. By printing or downloading this exam paper, you are consenting to theseRead MoreMba 9004 - Exam Paper1598 Words  | 7 PagesMBA9004 Indicative solutions to Sample Exam paper 1 Q1 General Machinery Important note: These are INDICATIVE answers only. They are written in bullet point form but in answering any similar examination question, you would need to argue your case clearly, showing †¢ What are the key issues; Your evidence for identifying these as issues; Your reasons as to why the issue is important; Recommendations for improvement After a decline, the company’s profitability (ROI, ROCE, OperatingRead MoreInvestment Analysis Exam Paper2439 Words  | 10 PagesInvestment Analysis Sample Mid-Exam Paper Formula Sheet Answers 1 Sample Mid-Exam Paper PART I 2 1. Let  µm = 0.01 and ÃÆ'm = 0.002 be the sample mean and variance of monthly 2 returns of a risky asset. Denote  µa and ÃÆ'a the annualized sample mean and variance of returns of the risky asset. Then 2 (a).  µa = 0.01 and ÃÆ'a = 0.024; 2 (b).  µa = 0.12 and ÃÆ'a = 0.024; 2 (c).  µa = 0.12 and ÃÆ'a = 0.288; (d).  µa = 0.12 and ÃÆ'a = 0.024; (e). None of the above. 2. Which of the following statements isRead MoreElectronic Final Exam Paper1096 Words  | 5 PagesSEMESTER I, 2005/2006 SESSION KULLIYYAH OF ENGINEERING Programme Time Duration : ENGINEERING : 2:30 pm - 5:30 pm : 3 Hrs Section(s) : 3 Level of Study Date : UG 1 : 24/10/2005 Course Code : ECE 1312 Course Title : Electronics This Question Paper Consists of Eight (8) Printed Pages (Including Cover Page) With Six (6) Questions. INSTRUCTION(S) TO CANDIDATES DO NOT OPEN UNTIL YOU ARE ASKED TO DO SO †¢ †¢ †¢ Total marks of this examination is 100. This examination is worth 40% of the totalRead MoreIb Exam Paper 20111392 Words  | 6 PagesBiology HigHER lEvEl PaPER 2 Candidate session number Tuesday 2 November 2010 (afternoon) 0 2 hours 15 minutes 0 INSTRUCTIONS TO CANDIDATES Write your session number in the boxes above. Do not open this examination paper until instructed to do so. Section A: answer all of Section A in the spaces provided. Section B: answer two questions from Section B. Write your answers on answer sheets. Write your session number on each answer sheet, and attach them to this examination paper and your cover sheet
Sunday, December 15, 2019
Nisa Critique Free Essays
Introduction: The Kung people are a tribe of hunter-gatherers who live as bushmen in the southwestern part of Africa, in isolated areas of Botswana (where they make up only 3 percent of the population), Angola, and Namibia, deep in the Kalahari desert. After gaining fluency in the language of the! Kung, Shostak returned to Botswana in 1975 for six months to complete the life histories of several women in the tribe. Marjorie Shostak manages to takes us into the oldest culture on earth by living with a hunter/gatherer tribe in southern Africa and manages to give us the details of there way of life through an interview with them, of course, before their way of life was further damaged by careless government administration policies. We will write a custom essay sample on Nisa Critique or any similar topic only for you Order Now She reflexively collects interviews and anecdotes that enable her to explain their morals, architecture, tribal politics, spirituality, games, marriage rituals and subsistence lifestyle, giving us one of the best looks at how human society began all those thousands of years ago. One of its major flaws especially for those with a strong understanding of anthropology is the fact that she concentrates her analysis from the report of one dominant character named NISA [the name is fictitious]. This results in a narrative of an idiosyncratic life, one that, as the !Kung woman Nisa once told Shostak, †I will break open the story and tell you what is there. Then, like the others that have fallen out into the sand, I will finish with it, and the wind will take it away†; seems to imply that each woman’s life is unique and may not reflect the truth about women’s lives in the general community of the !Kung clan, even though it truly attempts to mirror the conventions and culture of the group as well. However, from the book we are able to determine Nisa’s character as a woman who is forthcoming in personality, and unabashed and expressive in her native tongue, although she also comes across as demanding and manipulative in behavior. This presented to Shostak great problems in gaining an objective analysis, a fact that generated early ambivalent feelings towards Nisa which as she reports, did not endear Nisa to her any bit. Although Shostak tried to interview more than a dozen other women of all ages; inviting recall, asking pertinent questions and seeking bio-graphical highlights she seems to finally have settled her choice on Nisa as informant because of her particularly forceful, colorful language, and generally truthful replies. Secondly, although the justification of Nisa as informant is reliable, it only serves to foster the concept of authenticity in ethnographic representation. The importance of authenticity in ethnographic representation is still in doubt as portrayed in James Clifford’s review of Edward Said’s Orientalism, Clifford asks, â€Å"Should criticism work to counter sets of culturally produced images like Orientalism with more â€Å"authentic†or more â€Å"human†representations? Or, if criticism must struggle against the procedures of representation itself, how is it to begin?’ The general consensus seems to be that authenticity is itself a representation which can be misused. For example, the purpose of the poet or novelist is creative self-expression. For the creative writer, representation is the vehicle for expression; the creative writer consciously chooses representations as representations. The writer of nonfiction, however, typically focuses on the substance of what she wishes to communicate, and often fails to realize that she uses representations when communicating her ideas hence giving rise to rhetoric. Rhetoric is the characteristic manner by which a text’s language and organization convinces its readers of the truth, but is itself not truth. Thirdly is the issue of dialogue versus monologue in ethnographic presentation. It is very apparent that Shostak’s  focus moves away from the central position of the ethnographer (implicit in ethnographic realism and explicit in Dumont’s example of the self-reflexive approach in his book The Headman and I: Ambiguity and Ambivalencein the Fieldworking Experience), and brings the importance of native informants to the foreground. â€Å"The other†is given the opportunity, albeit limited, to represent herself in Shostak’s text. Shostak’s text is also significant because it attempts to incorporate dialogue as a structural feature. Shostak demonstrates the potential usefulness of multiple voices although her ultimate control over the text makes it a monologue. The monological aspect is repeated within the text itself: there is no true discourse between Shostak’s and Nisa’s portions of the text, only alternating monologues.  However, according to Stephen A. Tyler this presents a problem in ethnographic presentation, one that is solved in a different approach which he suggest when he says, â€Å"A post-modern ethnography is a cooperatively evolved text consisting of fragments of discourse intended to evoke in the minds of both reader and writer an emergent fantasy of a possible world of commonsense reality, and thus to provoke an aesthetic integration that will have a therapeutic effect.†Tyler’s emphasizes the dialogical nature of ethnography [alternating monologues as is the case in Shostak’s work], were the discourse is between reader and writer rather than between the writer and the culture he studies. Tyler maintains that the experience which matters is not the fieldwork but the writing of the ethno graphy; the ethnographer does not attempt to represent another culture to the reader, but rather to evoke in the reader a recollection of his own culture. Ethnography is a way to make the familiar unfamiliar and then familiar again. Lastly is the authors choice of topics that evolve around the issue f sex and violence maybe justifiable if viewed from the perspective that narrative is highly charged with sex because sex is important in !Kung life. From Shostak’s very provocative findings, such as a much more sexually egalitarian sensibility than our own, we see that in the !Kung culture, marriages are largely monogamous, with some sanction for a second wife; lovers are accepted for both husbands and wives, but discretion is made more important expressly because discovery can lead to mayhem and even murder. However, Shostak seems to get this information largely from Nisa’s own personal account. Personal accounts are rarely written without particular motivation. Every account has some agenda. Scholars suggest that we need to always consider why the subject feels it is important to share his or her life either privately or with an anonymous public. This is because the narrator’s motivation will account for what parts of a life are discussed and what details are filtered out. What motivated the author of the personal account? Whether written or oral, a personal account is a subjective, selective account of a life recorded for a specific purpose, ranging from personal catharsis to revisionist history. There are many motivations for the creation of personal accounts, including a focus on the self, on others, or on posterity. In this particular account, were Shostak seems to have solicited the story, rather than finding the account, the scholar’s reason for seeking the personal account will probably color the nature of the questions asked. In this case, the personal account will likely reflect the scholar’s interests more than those of the subject. Hence, it can be postulated that Shostak’s interests in giving Nisa’s account was to highlight the issue of women and not entirely for ethnographic purposes. This can be evidenced by the fact that in her time all the way to date, women’s stories in the West have been increasingly considered valid testimonies, along with accounts by people of color and those outside the highest strata of socio-political influence. Therefore, although it is impossible to view history from a wholly objective position, it is still helpful to be aware of such biases. In conclusion, I believe that what Shostak should have done was to strive to consider other sources that could offer insight about the !Kung people, such as official documents (marriage, divorce, and birth records, public notices), archived newspapers (human interest stories, political coverage), and glossy magazines (regional and national views reflecting social trends of the time, setting a context). Although her learning of the language is a great achievement enabling her to establish effective communication with the subject, it serves to tell us only a fragment of the whole picture. This fact takes on a deeper gravity when we consider that the question of truth may have many answers. Nisa’s portrayal of her life is indeed accurate in her own mind. Yet we know that, after all, memory is selective: people’s responses to experiences vary and people’s memories of experiences change with time and influence. Events that happen in a person’s life between live d experiences and recording those events can shape their telling, which only confirms that truth may have many answers. Reference: THE PROBLEM OF ETHNOGRAPHIC REPRESENTATION http://home.pacbell.net/nicnic/ethnographic.html#14 Shostak, Marjorie, Nisa: The Life and Words of a!Kung Woman. Cambridge, Mass.: Harvard University Press (1981). How to cite Nisa Critique, Essay examples
Saturday, December 7, 2019
Intangible Capital and Productivity
Question: Discuss about the Intangible Capital and Productivity. Answer: Introduction Organization is accompanied with several activities in which various functions are performed. This report is consisted with several accounting standards which provide what entries to be made by organization for research and development cost. This report provides about the factors which should be considered by board of directors for making adjustment and passing entries for intangible assets. However, Valuation of goodwill could not be made in the financial statement of organizations due to its fluctuation of amount. There are several principles which could be used by board of directors of Oregan NV for passing the journal entries for research and development cost (Ciftci, Darrough,Mashruwala, 2014). SSAP 13 gives guidance on the accounting policies to be followed in respect of research and development expenditure. These standards provide categories and specify the accounting policies that must be followed for each pure and applied research of Oregan NV(Vetoshkina,Tukhvatullin, 2014). Expenditure on pure and applied research of Oregan NVshould be written off in the same years through the profit and loss account. Development expenditure of Oregan NV should be written off in the year of expenditure except in certain defined circumstance. This expenditure should be capitalized only if the assets purchased or developed are generating the future economic benefits. Accounting team indulged in research and development department could be measured reliable (Bontempi,Mairesse, 2015). Accounting for research and development cost Journal entries Date Particular Amount 000 2011 Profit and loss account Dr To Research and development cost ( Transferring money in research and development cost) 50 50 2011 Plant and machinery To Banks ( Buying new fixed assets) 150 150 2011 Plant and machinery account Dr To Bank (Buying new fixed assets) 2500 2500 2011 Plant and machinery account Dr To Bank (Buying new fixed assets) 300 300 2011 Depreciation account Dr To Plant and machinery ( Charging depreciation) 300 300 2011 Profit and loss account Dr To Depreciation (Charging depreciation from Profit and loss account) 300 300 2012 Depreciation account Dr To Plant and machinery (Charging depreciation from Profit and loss account) 300 300 2012 Profit and loss account Dr To Depreciation (Charging depreciation from Profit and loss account) 300 300 2013 Depreciation account Dr To Plant and machinery (Charging depreciation from Profit and loss account) 300 300 2013 Profit and loss account Dr To Depreciation (Charging depreciation from Profit and loss account) 300 300 2014 Depreciation account Dr To Plant and machinery (Charging depreciation from Profit and loss account) 300 300 2014 Profit and loss account Dr To Depreciation (Charging depreciation from Profit and loss account) 300 300 2015 Depreciation account Dr To Plant and machinery (Charging depreciation from Profit and loss account) 300 300 2015 Profit and loss account Dr To Depreciation (Charging depreciation from Profit and loss account) 300 300 2016 Depreciation account Dr To Plant and machinery (Charging depreciation from Profit and loss account) 300 300 2016 Profit and loss account Dr To Depreciation (Charging depreciation from Profit and loss account) 300 300 2017 Depreciation account Dr To Plant and machinery (Charging depreciation from Profit and loss account) 300 300 2017 Profit and loss account Dr To Depreciation (Charging depreciation from Profit and loss account) 300 300 Factors need to be taken into account There are following factors need to be taken into account while assessing each research and development project for accounting purpose by the accountant of Oregan NV. As per the IFRS standard given Intangible assets of Oregan NVshould be capable of being sold, transferred, lice sensed either individual or with other contracts. Or these assets could be aroused out of legal or contractual rights of the organizations. Intangible assets should be recognized only when it is probable that future benefits to the organizations would arise consistently. Cost of these assets could be measured reliably Pure research cost would be recognized in Profit and loss account Cost of developed phase expenses would be capitalized in assets account or capital account of the organizations. Disclosure which would be made in published account of company Oregan NV needs to make disclosure regarding classification of expenses such as research cost would be recognized in Profit and loss account. Oregan NV should also disclose the life of the assets and other expenses which have been capitalized in assets account or capital account of the organizations. There would be disclosure of net exchange difference which is arising on the transactions of the financial statements into the presenting currency (Napier, 2014). In this case an adamantine study has been prepared on branding of accounting. It is observed that valuation of brand is complex due to its variation in itsfair value. It has been observed in the given case that company want to books its brand value in its financial statement. However, there are several improvements which have been made in accounting practice but determining the homegrown goodwill value is not possible due to its changing amount. Valuation of branding is completely depended on the market conditions and other internal and external factors of an organization. In this case, Management department of organization have presented their view to book brand value in the financial statement in order to depict the true and fair value of its assets. As per the IAS 38 it is evaluated that company could not pass any entries for valuing its homegrown assets but it could go for valuing its purchased goodwill by adding amount equal to brand value on the assets side. Management department of organization needs to understand that brands are intangible assets so they are not sold and bought for a defined amount. They have no market value until they are sold in the market (Vetoshkina, Tukhvatullin, 2014). In this case, there are two cases to establish brand either to homegrown it or to purchase it. Brand of organizations could be bifurcated into two parts homegrown brand image and acquired brand image. In the given case it is given that company could make valuation of its both brands either acquired one and homegrown. As per the understanding developed by reading the Australian accounting standard it is observed that acquired brand image can be booked in the financial statement of company. It could show its brand value amount which it paid beyond the net assets value of Target Company. This different amount could be shown as goodwill in the assets side of acquirer Company. Company could amortize its goodwill throughout its life (Datta,Fuad, 2017). Purchased brand In this given case, it is observed that management department of organization want to book entries for its whole brand value as pet the practice adopted by Rank Hovis Mc Dougall. It is evaluated that RHM could only book value of purchased brand and it would be incorrect to book the value for homegrown brands. Accounting of brand purchased by company should be done by increasing its assets side from the difference amount which it paid to acquire Target Company beyond its capital assets. If companies book the value of its acquired brand image then it would surely deplete the value of its equity share due to the booking of capital reserve on the liabilities side. In addition to the following entries would be passed. All assets account should be put on the debit side, all liabilities on credit side. After that if assets side is less as compare to liabilities side then goodwill would be booked with the same amount This is the brand which is created by the business throughout its business functioning. Company could not estimate its exact brand value. In the given problem, management department want to pass an accounting entry for brand value. It is evaluated that it is impossible for the organizations to create exact value for passing accounting entries in financial statements. In addition to this, homegrown brand value can only be estimated when whole of the business is sold in the market. Apple bought a small startup business by paying more money than its brand worth. However, company could not be able to pass entries for booking brand value of organization. Even if its accountants were to account for brand value on the financial statements, their estimates could be still incorrect. In addition to this, it becomes cumbersome for Apple to estimate its home grown brand image. In the end Apple decided to mark only its purchased brand value in its financial statement and homegrown goodwill will not be booked due to its incorrect (Nurnberg, 2014). Conclusion In this report various facts and figures have been identified on the accounting entries for intangible assets. It becomes hard for an accountant to book value for the brand image of the organizations. It is provided that Organizations should not pass entries in its financial statement for its homegrown goodwill amount. Now in the end it would be inferred that valuation of intangible assets would be done as per the IFRS 38 and other international accounting standards as given. References Bontempi, M.E. Mairesse, J., (2015). Intangible capital and productivity at the firm level: a panel data assessment.Economics of Innovation and New Technology,24(1-2), pp.22-51. Ciftci, M., Darrough, M. Mashruwala, R.,(2014). Value relevance of accounting information for intangible-intensive industries and the impact of scale: The US evidence.European Accounting Review,23(2), pp.199-226. Datta, S. Fuad, S.M., (2017).Valuing Intangible Assets: A Balance Sheet Approach for DS30 Listed Companies.Australian Academy of Accounting and Finance Review, 2(2), pp.119-135. Napier, C., (2014). Brand accounting in the United Kingdom.AddfngVafue: Brands and Marketing fntbe Food and DrfnkIndustrfes, pp.76-180. Nurnberg, H., (2014). Applying the new accounting for business combinations and intangible assets to partner admissions.Issues in Accounting Education, 29(4), pp.527-543. Vetoshkina, E.Y. Tukhvatullin, R.S., (2014). The problem of accounting for the costs incurred after the initial recognition of an intangible asset.Mediterranean Journal of Social Sciences,5(24), p.52.
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