Accounting Policy

Report on accounting Policy Contents chronicle Policy3 intangible asset3 special(a) Life3 Unlimited Life3 quantity of Intangible Assets4 Evaluation Criteria4 scholarship equal4 Current address4 Estimates of Economic set4 Exit Price4 Market Value4 Opportunity Cost4 qualitative Measurement4 Examples of Intangible Assets5 Patents5 Copyrights5 Trademarks5 exemption License5 Government Licenses5 Goodwill5 References6 Accounting Policy Rules and principles or policies that argon picked up and followed upon by a company or an brass section based upon a standard, which ar in turn apply in the creation of financial statements and separate reports required by the state or the company. There ar multiple types of accounting policies which cover one or more(prenominal) areas specific to proceedings or other backup activities. Accounting policies are more of a guideline and they do not dictate as per say on how to actually fulfill a business activi ty.

Accounting policies brace a behave in them which advise be used both in positive and a negative manner to bring out the desired result interest is the list of a few accounting policies that generally play a role in one organization: * Depreciation * Materiality * tax taxation Recognition Principle * Matching Principle * Going stage business * Full Disclosure Principle * Cost Principle * era Period Assumption * Intangible Asset Intangible Asset Intangible addition is an identifiable asset without any sensual substance. These generally take on anything and everything that falls under Reputation, drive in How, Knowledge, Recognit ion and Intellectual piazza which are long ! terminal in nature. Intangible Assets are further divided into 2 types based upon the usefulness of their life Limited Life These types of assets have an expiration date associated with them, such as goodwill, secure or patents. Unlimited Life These types of assets do not have any...If you pauperization to get a full essay, order it on our website: OrderEssay.net

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