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Accounting for Intangible Assets

08 Mar 2012 / 0 Comments

Steve Collings looks at the fundamental principles in accounting for goodwill and intangible assets and also looks at some fundamental differences between current UK GAAP, IFRS and the proposed IFRS for SMEs.As accountants we are all aware that an intangible asset does not have any physical form

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Published On:Friday, 9 December 2011
Posted by Muhammad Atif Saeed

Variables and Algebraic Expressions

Variables and Algebraic Expressions

A variable is a symbol used to denote any element of a given set—often a letter used to stand for a number. Variables are used to change verbal expressions into algebraic expressions.
Example 1
Give the algebraic expression.
Verbal Expression
Algebraic Expression
The sum of a number n and 7
n + 7 or 7 + n
The number n diminished by 10
n – 10
Seven times the number n
7 n
x divided by 4
equation
Five more than the product of 2 and n
2 n + 5 or 5 + 2 n
Seven less than the quotient of y and 4
equation
  • Key words denoting addition:
    sum
    larger than
    enlarge
    plus
    gain
    rise
    more than
    increase
    grow
    greater than
      
  • Key words denoting subtraction:
    difference
    smaller than
    lower
    minus
    fewer than
    diminish
    lose
    decrease
    reduced
    less than
    drop
     
  • Key words denoting multiplication:
    product
    times
    of
    multiplied by
    twice
     
  • Key words denoting division:
    quotient
    ratio
    divided by
    half

Evaluating Expressions

To evaluate an expression, just replace the unknowns with grouping symbols, insert the value for the unknowns, and do the arithmetic, making sure to follow the rules for the order of operations.
Example 1
Evaluate each of the following:
  1. equation
  2. equation
  3. equation
  4. equation
  5. equation
 

About the Author

Posted by Muhammad Atif Saeed on 00:00. Filed under . You can follow any responses to this entry through the RSS 2.0. Feel free to leave a response

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I am doing ACMA from Institute of Cost and Management Accountants Pakistan (Islamabad). Computer and Accounting are my favorite subjects contact Information: +923347787272 atifsaeedicmap@gmail.com atifsaeed_icmap@hotmail.com
  1. Accounting for Intangible Assets
  2. Fair Value Measurement of Financial Liabilities
  3. The Concept of Going Concern
  4. The Capital Asset Pricing Model
  5. Bond Valuation
  6. Asset Management Market Efficiency Asset Management Market Efficiency
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