Managing Data Assignment Essay Example | Topics and Well Written Essays - 750 words

Managing Data Assignment - Essay Example Explain your answer. The second workshop required us to divide ourselves into groups and analyze tabular data presented to us. The data determined the proposition of the population in different countries living on less than 50% of median income between 1990 and 2000. The countries were; Sweden, Norway, Finland, Netherlands, Denmark, Germany, Luxembourg, France, Spain, Japan, Italy, Canada, Belgium, Australia, United Kingdom, Ireland, and United States. The table was constructed showing: Human poverty index ranking, Probability at birth of not surviving to age 60 (% of cohort) 2000-05, People lacking functional literacy skills (% age 16-65) 1994-98 and Long-term unemployment (as % of labour force) 2001, against the given countries. The table’s author combined these discrete data figures to obtain the precise proposition of the studied subject. Such a method of displaying tabular data allowed for direct and correct filling in of the obtained data figures. This method of tabular data presentation was effective since it easily showed the entire figures collected on the required study topics against the specific countries. The second part of the workshop required us to explain and interpret the tabular data. One member of the group described the tabular data and we attempted to interpret and draw the table. We then looked at the actual table and compared it to the one that we had drawn from the description. In the third workshop we studied, the conventions of graphical representation. It included; designing, formatting, and choosing an appropriate graph type. This workshop had for tables of tabulated data. The first table was for household disposable income per head in 2003, with the index, UK=100. The data was as: Inner London - West 177.6, Leicester 78.8, Surrey 139.3 Kingston upon Hull City of 78.3, Buckinghamshire 133.1, Nottingham 77.4, Hertfordshire 128.0, Stoke-on-Trent 76.9, Outer London - West and North West 120.9, West and South West of Northern

Radical changes are needed in company reporting to cope with the rise Essay

Radical changes are needed in company reporting to cope with the rise of intangible assets. Discuss - Essay Example 1. Ability to be separately recognised: Since the asset can be separately quantified, relative commercial transactions such as sale, transfer or exchange could be carried out, Further, the creation of an intangible asset is out of an agreement or other legal imposition, 2. Ability to produce future benefits: Software development expenses is example of an intangible asset that has the ability to produce future benefits. For the same reason, special distribution and selling rights, trademarks and intellectual properties ownerships also constitute intangible assets Intangibles can be acquired either externally or through internal means. Intangible assets acquired externally are through buying, transfer or leasing process and the internally generated ones are established by way of the companies’ own efforts and market reputation. The main aspect to be considered with regard to intangible assets is that it must be compatible to quantitative analysis and future benefits. Whether the intangible assets are self generated or acquired externally. If this parameter is not met the investment would be â€Å"recognised as an expense when it is incurred [IAS 38.68]1† and not as an intangible asset. The aspect of intangible asset which is self generated refers to determination of goodwill and its accounting treatment. In real effect, goodwill represents â€Å"the excess paid for a firm over its adjusted net asset value.†2 (p.992). The goodwill amount refers to the special ability of the firm to generate revenue by way of its current market standing and also its future earning capacity. Goodwill is only seen in the context of business mergers and acquisitions representing the difference between the purchase prices and the net value of assets acquired. The aspect of goodwill in accounting cannot be undermined because â€Å"when Philip Morris acquired Seven Up for a price of $ 520 Million, approximately $ 390 million of the purchase price represented goodwill,†3