paid for but not should be reduced used up. as expires. Balance Sheet Existence or Completeness Rights and Valuation or Presentation and Accounts Occurrence Obligations Allocation Disclosure Deferred tax asset Deferred tax assets Deferred tax assets The company has a Deferred tax assets Deferred tax assets can be measured should include obligation to should reflect the should be by looking at accruals and record on the net tax effects of appropriately stated previous reserves, deferred income statement temporary on the balance sheet, financial compensation, in order to reduce differences and notes should statements. share-based the tax later on. between the reflect the carrying payments, net carrying amounts amounts of the operating loss of assets used for assets used for carry forwards, financial reporting financial reporting cash conversion and amounts used purposes. derivative, etc. for income tax purposes. Property and Property and The account The company is Depreciation on All property and equipment equipment should should list the net entitled to all property and equipment accounts be physically values of all property and equipment is should be accounted for to leasehold equipment, recognized using adequately disclosed make sure that improvements, including the straight-line less accumulated they align with computer leasehold method over depreciation. The balance sheet equipment and improvements, useful lives of notes should discuss accounts. related software, computer three to seven methods of furniture and equipment and years for furniture depreciation for each office equipment, related software, and other office account under and capital furniture and equipment. property and projects in process. office equipment, Leasehold equipment. and capital improvements are projects in process, depreciated over
paid for but not used up. should be reduced as expires. Balance Sheet Accounts Existence or Occurrence Completeness Rights and Obligations Valuation or Allocation Presentation and Disclosure Deferred tax asset Deferred tax assets can be measured by looking at previous financial statements. Deferred tax assets should include accruals and reserves, deferred compensation, share-based payments, net operating loss carry forwards, cash conversion derivative, etc. The company has a obligation to record on the income statement in order to reduce the tax later on. Deferred tax assets should reflect the net tax effects of temporary differences between the carrying amounts of assets used for financial reporting and amounts used for income tax purposes. Deferred tax assets should be appropriately stated on the balance sheet, and notes should reflect the carrying amounts of the assets used for financial reporting purposes. Property and equipment Property and equipment should be physically accounted for to make sure that they align with balance sheet accounts. The account should list the net values of all leasehold improvements, computer equipment and related software, furniture and office equipment, and capital projects in process. The company is entitled to all property and equipment, including leasehold improvements, computer equipment and related software, furniture and office equipment, and capital projects in process, Depreciation on property and equipment is recognized using the straight-line method over useful lives of three to seven years for furniture and other office equipment. Leasehold improvements are depreciated over All property and equipment accounts should be adequately disclosed less accumulated depreciation. The notes should discuss methods of depreciation for each account under property and equipment.
Thesis%20Healthways%20Final%20Formatting.docx