Intangible Assets Management and Evaluation Essay

Intangible Assets Management and Evaluation - Essay Example The present research has identified that identification of an intangible asset is possible if it attains a specific criterion. The criteria used in the recognition of these assets involve a demonstration by the entity that the item meets the outlined definition of an intangible asset and the recognition criteria. Intangible assets that meet the relevant criteria are measurable at cost, subsequently measured at cost or using the revaluation model and amortized on a systematic basis over their useful lives. However, intangible assets with indefinite useful life are not amortized. Examples of assets that may remain classified as intangible items include trademarks, patents, fishing licenses, and computer software and import duties. An asset is identifiable when it is transferrable separately, rented, exchanged or licensed. An intangible asset is recognizable if there exist probability of expected future economic benefits related to the asset will flow and entity or cost of the asset tha t is measurable reliably. Most often, it is confused how intangible assets can be classified as non-monetary when valuing them in the financial statements. In the definition, items such as cash, bank deposits, and trade receivables are monetary assets and remain excluded. In addition, brand image and goodwill are intangible assets instances that need separate identification before inclusion as business assets. Where there exists external acquisition of goodwill and brands, their cost and existence remain identified and capitalized. Internally generated goodwill is not recognizable as an asset since it is not distinguishable from the business. Moreover, goodwill does not arise from contractual or other legal rights. Its cost cannot remain measured reliably.

Research of GEN George Washington, specifically focusing on leadership Essay

Research of GEN George Washington, specifically focusing on leadership qualities he possessed to become an effective leader and how he influenced the developmen - Essay Example Long overseas deployments and worsening situation in Iraq may soon affect the very sustainability of AVF. (Greenewalt, 1969) Thus, new ways have to be evolved to attract sufficient and suitable youth towards the AVF. The future leaders of this country will need all lessons of history to motivate the youth towards joining the AVF. Towards this end, applicability of leadership qualities displayed by Gen George Washington and President George Washington during Revolution and initial formative years of America cannot be overemphasized. The aspect that he was trusted unanimously and the fact that he managed to successfully lead the military revolution against England using a ill-trained, war-torn, disarrayed and demotivated army gives an insight of his capabilities to turn-around an adverse situation and achieve seemingly impossible results effectively. This study aims at bringing out various leadership traits of Gen George Washington which need to be studied and emulated by present and... Aim This study aims at bringing out various leadership traits of Gen George Washington which need to be studied and emulated by present and future generations of American leaders to effectively maintain military's present all voluntary structure and yet successfully achieve desired results more effectively. Brief Biography (http://www.nps.gov/history/logcabin/html/gw6.html) Born in 1732, George Washington, in his initial years, dreamt of mastering military art and western expansion while learning high morals and also gathered knowledge required by a Virginia gentleman. After working briefly for land survey, George Washington was commissioned as a Lieutenant Colonel in Virginia Militia in 1754. He fought French and Indian wars as an aide to Gen Edward Braddock. His experiences helped develop his skills to be a great military leader later needed in the fight for independence from England. During 1759 - 1775 until outbreak of revolution, Washington managed his lands around Mount Vernon. During protests with England for excess taxes, Washington firmly expressed his objections to British policies. While serving as a Virginia delegate to the Second Continental Congress in Philadelphia in 1775, he was unanimously elected Commander-in-Chief of the Continental Army. He took over command of his ill-trained troops and entered a war of independence lasting 8 years. Gen George Washington was a brave leader, using military tactics learned during formative years efficiently. Most importantly, he utilised the element of surprise besides maintaining morale of troops during most adverse conditions and turning them around to serve well-beyond stipulated engagement