In other words, pfizer is paying $83 billion for intangibles, including drug patents and goodwill if that deal were done under the proposed new rule, pfizer would be required to amortize all the intangible assets, including goodwill, against reported earnings over a period of 20 years or less. Note: citations are based on reference standards however, formatting rules can vary widely between applications and fields of interest or study the specific requirements or preferences of your reviewing publisher, classroom teacher, institution or organization should be applied. The other cases will explore the accounting issues for the major financial statement line items particular emphasis will be placed on the latitude and judgment management has. Nafta: us and mexico relations patricia foster empire state college us/mexican relations have had their difficulties over the yearsthe most significant issue was the approval of the north america free trade agreement (nafta) with canada.
Hewlett-packard last week disclosed an $88 billion writedown of goodwill and other intangible assets from its 2011 purchase of the uk software maker autonomy corp. Austin, texas--(business wire)--borland software corporation (nasdaq:borl), the global leader in open application lifecycle management (alm), today announced preliminary financial results for the. Borland software corporation (borl) q3 2008 earnings call transcript november 6, 2008 8:00 am et executives aaron feigin - vp, corporate communications tod nielsen - president and ceo erik.
To eliminate segue's historical goodwill and establish the fair value of goodwill and amortizable intangible assets resulting from the acquisition had the acquisition occurred on december 31, 2005, the fair value of goodwill would have been approximately $555 million. The accompanying borland software corporation (borland) condensed consolidated financial statements at march 31, 2006 and december 31, 2005 and for the three months ended march 31, 2006 and 2005 are unaudited and have been prepared in accordance with accounting principles generally accepted in the. Price / book value ratios of stocks covered in the application software sector ranged from 110 (iw) down to 10 (nasdaq:obas), with a median value of 27 price / tangible book value ratios.
The consolidated statement of financial position as of june 30, 2012 of cervantes corporation ltd reported intangible assets of $188,670 accordingly, notes to the financial statements (notes 1 (i) and 13) disclosed the composition, nature, valuation, useful life and provision for impairment of these assets. You expressly understand and agree that open lab shall not be liable for any direct, indirect, incidental, special, consequential or exemplary damages, including but not limited to, damages for loss of profits, goodwill, use, data or other intangible losses (even if open lab has been advised of the possibility of such damages), resulting from. Austin, texas -- borland software corporation (nasdaq:borl), the global leader in open application lifecycle management (alm), today announced preliminary financial results for the first quarter ended march 31, 2008 borland also announced today a definitive agreement to sell the assets of its. Goodwill is an intangible asset, probably the most intangible of all intangible assets, hard to measure and even more difficult to account for goodwill today constitutes a much larger part of acquisition prices than it did previously, resulting in a much greater impact on financial statements. Borland software corporation (nasdaq: borl), the global leader in open application lifecycle management (alm), today announced preliminary financial results for the fourth quarter and fiscal year ended december 31, 2008.
Borland excludes restructuring charges, including (i) employee severance and other termination benefits, (ii) lease termination costs and other expenses associated with exiting a facility, and (iii) other costs associated with terminating contracts, from its non-gaap net income and net income per share calculations. Issuu is a digital publishing platform that makes it simple to publish magazines, catalogs, newspapers, books, and more online easily share your publications and get them in front of issuu's. Essay on intangible assets borland software corporation-goodwill and other intangible assets analysis of maintenance and repairs analysis of advertising analysis. On behalf of borland software corporation (borland or the company), we are electronically transmitting to you this letter in response to comments received from the staff (the staff) of the securities and exchange commission by letter dated december 16, 2008 with respect to the quarterly report on form 10-q for the quarter.
The carrying value of goodwill at the beginning of the period was $32277m (woolworths 2012, p 126) an additional $421m was recognised throughout the year due to additional acquisition of businesses, with less $15m for disposals and $07m for other expenses. Issuu is a digital publishing platform that makes it simple to publish magazines, catalogs, newspapers, books, and more online and equipment 15 borland software corporation— goodwill and. - certain intangible assets are like land as they have an indefinite useful life, while other intangible assets are like equipment and have a limited useful life - similar to buildings and equipment, only intangible assets with estimated useful lives are amortized. More essay examples on software rubric the financial reporting process is governed by accounting rules and standards, managerial incentives, and enforcement and monitoring mechanisms - borland software corporation-goodwill and other intangible assets introduction.
The accompanying borland software corporation, or borland, condensed consolidated financial statements at june 30, 2004 and december 31, 2003 and for the three and six months ended june 30, 2004 and 2003, are unaudited and have been prepared in accordance with accounting principles generally accepted in the united states (gaap) for interim. Although these intangible assets generate revenue for borland, borland excludes the associated amortization expense because it is non-cash in nature and because borland believes its measures of.
The statement of cash flows shows that borland spent a large portion of its expenditure on acquisitions of different companies (legadero, teraquest, and segue software), technologies, and investments that include goodwill and intangibles, which further supports this analysis. The original purchase price was $3,849, initial goodwill was valued at $740 and the other intangible assets were valued at $631 (2001 annual report boeing corporation) this amount was increased to $2,166 after the company finished its assessment of the net assets acquired.