Resource consents - intangible fixed assets? Yes, but, too difficult by far!

Recent international attempts to draft an accounting standard (IAS38) which establishes the most widely acceptable treatment for intangible assets have sparked debate among standard setters, practising accountants and media analysts. Contentious issues include differing treatment for internally and externally generated intangible fixed assets, and the requirement for the existence of a ready market for the exchange of intangible assets. A further question has been identified, that of whether the ‘right to do something’, as in permission to act, is in itself an intangible asset and if so how should it be treated. An example of this is resource consents issued under the Resource Management Act 1991. The aim of this research was to investigate the nature of resource consents as intangible assets according to ICANZ disclosure and recognition standards and to determine the level of disclosure practised by companies listed on the New Zealand Stock Exchange. Disclosure of resource consent details as non-financial information would provide a significant proportion of the benefits involved in disclosing this class of asset while limiting the costs involved in the production of the information. We conclude that the details of resource consents held should be disclosed in the annual report as additional non-financial information, or as a separate schedule of resource consents held in the notes to the financial statements as per FRS1. This view is not addressed by the requirements of IAS38 or ED87 as this 'class of intangible assets' is not discussed at all. However, it can be argued that the omission of resource consents and other similar intangibles is contrary to the spirit of the true and fair view requirement of the Financial Reporting Act and Generally Accepted Accounting Principles (GAAP)

Management accounting education: is there a gap between academia and practitioner perceptions?

A mail survey was conducted of all Institute of Chartered Accountants of New Zealand accredited Tertiary Education Institutions and 300 randomly selected New Zealand companies to ascertain the views of management accounting academics and practitioners on the contents of management accounting courses and the skills and competencies of recent graduates. The results show that practitioners placed an emphasis on traditional management accounting techniques, while academics placed an emphasis on contemporary techniques. Both groups were in agreement on the skills and characteristics required of recent graduates. An interesting finding was the emergence of negative comments on the arrogance of new graduates and an increased need for graduates to be work ready. These two aspects were not a feature of previous studies. The implications of the results are that academics cannot ignore the teaching of traditional management accounting techniques and may need to increase the coverage of the issues involved in implementing contemporary management accounting techniques

Wake in faint television meteors

The two component dustball model was used in numerical lag computation. Detached grain lag is typically less than 2 km, with expected wakes of a few hundred meters. True wake in television meteors is masked by apparent wake due to the combined effects of image persistence and blooming. To partially circumvent this problem, we modified a dual MCP intensified CID video system by addition of a rotating shutter to reduce the effective exposure time to about 2.0 ms. Preliminary observations showed that only 2 of 27 analyzed meteors displayed statistically significant wake

Web assisted teaching: an undergraduate experience

The emergence of the Internet has created a number of claims as to the future of education and the possibility of dramatically changing the way in which education is delivered. Much of the attention has focussed on the adoption of teaching methods that are solely web-based. We set out to incorporate web-based teaching as support for more traditional teaching methods to improve the learning outcomes for students. This first step into web-based teaching was developed to harness the benefits of web-based teaching tools without supplanting traditional teaching methods. The aim of this paper is to report our experience with web-assisted teaching in two undergraduate courses, Accounting Information Systems and Management Accounting Services, during 2000. The paper evaluates the approach taken and proposes a tentative framework for developing future web-assisted teaching applications. We believe that web-assisted and web-based teaching are inevitable outcomes of the telecommunications and computer revolution and that academics cannot afford to become isolated from the on-line world. A considered approach is needed to ensure the integration of web-based features into the overall structure of a course. The components of the course material and the learning experiences students are exposed to need to be structured and delivered in a way that ensures they support student learning rather than replacing one form of learning with another. Therefore a careful consideration of the structure, content, level of detail and time of delivery needs to be integrated to create a course structure that provides a range of student learning experiences that are complimentary rather than competing. The feedback was positive from both extramural (distance) and internal students, demonstrating to us that web sites can be used as an effective teaching tool in support of more traditional teaching methods as well as a tool for distance education. The ability to harness the positives of the web in conjunction with more traditional teaching modes is one that should not be overlooked in the move to adopt web based instruction methods. Web-based teaching need not be seen as an all or nothing divide but can be used as a useful way of improving the range and type of learning experiences open to students. The Web challenges traditional methods and thinking but it also provides tools to develop innovative solutions to both distance and on campus learning. Further research is needed to determine how we can best meet the needs of our students while maintaining high quality learning outcomes

Establishing normative values for 18-35 years age in neuropsychological tests used with head and brain injury patients during cognitive rehabilitation: Benton Visual Retention Test and National Adult Reading Test

The Benton Visual Retention Test (BVRT) is a neuropsychological assessment of visuo-spatial and visuo-memory ability. Claims of high reliability and validity are based on solitary samples representative of a wide age range. This study validated theBVRTagainst the National Adult Reading Test (NART), a highly validated and reliable test of estimated pre-morbid IQ in an age-specific group of participants (18-35 years). Using Between-subjects factorial design, fifty-three participants (24 female, 29 male) aged 18-35 years (inclusive) were administered the NART and 3 administrations of the BVRT. Significant positive correlations were found betweenBVRTError scores and NART Error scores for administrations B and C of theBVRTwhich is when presented stimuli are followed by a short time delay before allowing respondents to recall. Significant negative correlations were found over these administrations forBVRTCorrect scores and NART Error scores. No significant relationship was found between depression and performance on theBVRT. However, a weak, non-significant relationship was found between anxiety andBVRTperformance. The BVRTis a well-validated and highly reliable neuropsychological test of visuo-spatial and visuo-memory abilities. Findings provide new data for the 18-35 years age group as well as providing a cautionary note on the possible influence of anxiety on performance levels in light of the frequent occurrence of anxiety post-neurological injury

Effects of Imagined Social Rejection and Acceptance across Varying Relationships.

Previous research (Tesser, Millar, & Moore, 1988) has shown that being close to one’s rejecter intensifies negative outcomes associated with rejection. Other research, however, has shown that people’s fundamental needs are threatened equally when they are ostracized by in-group members or despised groups (i.e., KKK members; Gonsalkorale & Williams, 2007), suggesting that perhaps acceptance by close others may not differ from acceptance by strangers. In this study, we examined the effects of imagined rejection and acceptance across varying degrees of relationship intensity (close other, acquaintance, or stranger). Participants who imagined being rejected by a close other reported higher depressed mood than those who imagined being rejected by an acquaintance or by a stranger and more hurt feelings than those who imagined being rejected by a stranger. Interestingly, those who imagined being accepted by a close other reported higher anxiety than those imagining being accepted by an acquaintance or stranger

On Human fertility: Individual or group benefit?

pre-printCaldwell et al. (CA 28:25-43) have pointed to the pervasive influence of Carr-Saunders's (1922) concept of population regulation throughout two-thirds of a century of anthropology and demography

The derived features of human life history

pre-printThis chapter compares and contrasts the life histories of extant great apes in order to construct a hypothetical life history of the last common ancestor of all great apes and to identify features of human life history that have been derived during the evolution of our lineage. Data compiled from the published literature indicate some variation across the living taxa, but all great apes have relatively long lifespans and late maturity. Therefore, we infer that a slow life history is the ancestral state of all great apes. We examine variation in the timing of brain growth and aspects of dental development and find that they are not correlated in the life history variation across these species. We conclude that adjustment in growth and development, though constrained by life history, are imperfect predictors of life history variables