Authentic assessment prt 1 Essay Example | Topics and Well Written Essays - 2000 words

Authentic assessment prt 1 - Essay Example The export plan will cover summary of the subject that will include details about the product, target country, social differences, customer types, export and import regulations, safety regulations, cost assumption, export price, terms of sales, landed cost, local pricing policy, format, question and citation. Therefore, these aspects will be covered under the plan. The product category, that is chosen, is a range of sunglasses (â€Å"Product description†). The product supplier will be China as it produces goods at cheapest possible price. The suppliers selected for this purpose are ready to manufacture the product and timely deliver them as per the contract. They have a good collection of designs, already prepared by their designers, which acts as an advantage. The aviators are given an absolutely new look and hues by these designers. There is also a new line of unique shades of mirrored aviators. The tea shades and shutter shades are shaped in a new form and design. The oversized glasses are designed to have a revivified look. In totality, the product range is quite refreshing and a welcomed change from the old formulated designs. They are impressive and notable. The concerned products will be exported to India, where there is a prodigious appeal for sunglasses, considering the hot and humid climate (â€Å"Make Up + Face†). Ever y other person in India, especially those residing in urban areas, are interested to purchase sunglasses and wear it whenever they move out of their home; so as to avoid excessive heat of the sun. Sunglasses are a source of relief for nearly all the people in India, regardless of age groups. Hence, exporting the products in India will be an assured way to success, as per the research made on the country. The target market is India as the product experiences a huge demand in this market. The population of India is 1.27 billion, which is a positive indication for high sales volume. Although most Indians claim

International Accounting Assignment Example | Topics and Well Written Essays - 750 words - 1

International Accounting - Assignment Example In the US, UK GAAPs and others around the world R & D costs have been considered as expenses. According to Gornik and Miguel (2005), the FAS 2 issued in 1974 by the FASB set out that all R & D costs such as costs of material, equipments and facilities together with purchases made on intangibles with no optional future uses, remuneration to the involved workforce, contract services, considerable indirect costs except for general and administration costs to be charged to expenses. The FASB opposed the capitalization of such, as it was before that year, based on factors such as the unpredictability of future benefits from R & D and lack of a clear relationship between what is spent and the gains obtained thereafter. This standard was challenged by the IASB resulting to the formulation of IFRS 3 and IAS 38 in December 2002 and their revision in March 2004. According to these standards all expenses incurred in research work on an internal project will be considered as an expense and any intangible asset arising from it will not be recognized. However those intangible assets arising from development or its phase in an internal project will be recognized if it meets the following criteria. It should be identifiable, the business entity should have control over it, should demonstrate the possibility of bringing in economic benefits and its cost should be measurable reliably. In addition to this, the business entity should demonstrate technical feasibility, clear intention of completion, use and sale of the asset, ability to use and sell the asset, generate probable future benefits and reliably measure the expenditure to be incurred on the asset and finally availability of enough resources required t o complete the development (Linden and Spek n.d.). It is only after meeting these criteria that the internal development expenditure shall be recognized as an asset and only that incurred after