Crocs Case Study - 1443 Words

Crocs made a splash in 2003 when they introduced their funny looking, brightly colored, plastic clogs that the whole family could wear (Hoyt Silverman, 2008). By 2007, the company reported $847 million in revenues (von Briesen, 2009). From preschoolers to doctors, these shoes appealed to a vast array of consumers. The reason for Crocs’ success over the past few years can be attributed to their value chain strategy in which customers ultimately had the power (Robbins Coulter, 2009). Value chains exist to create value for the customer at each step of the product’s life, from raw materials to marketing to final product disposal or reuse (â€Å"Value Chain,† n.d.). The sequence of this chain is intended to create a high value product for the†¦show more content†¦Additionally, their initial marketing tactics gave them an opportunity to identify customer needs (â€Å"The Value Chain,† 2010). When the company first started out, Crocs employees would pe rsonally interact with customers at trade shows and retail stores to educate customers and also create a buzz about their product (Hoyt Silverman, 2008). Furthermore, the most significant part of Crocs’ value chain is their success in making their product ubiquitous and easily attainable. Most shoe companies produce a limited amount of inventory per season and when the inventory is depleted, customers are out of luck until the next season. However, Crocs revolutionized the traditional shoe market with their ability to manufacture more shoes as needed. This flexibility exceeded customers’ needs because the company was able to supply an increase in demand within the same season (Hoyt Silverman, 2008). Finally, Crocs saw the value chain through to the end stage by offering their customers a way of giving back by recycling Crocs they no longer used. Crocs’ partnership with a company called Soles4Souls allows customers to donate their gently used shoes to the less fortunate (â€Å"Donate Your Crocs,† 2010). Crocs’ sequence of â€Å"organizational work activities† added value at each step (Robbins Coulter, 2009, p. 431). Additional value was added to their value chain by increasing variety of the product (â€Å"Value Chain,† 2010). Whether you lovedShow MoreRelatedCrocs Case Study2682 Words   |  11 Pages The ability to fulfill orders based off of true and current demand is the staple of the Crocs supply chain. The flexibility in the Crocs supply chain has been in the company’s ability to provide additional products within the same season of release by not requiring their customers to order one time for the season and months in advance (Marks, Holloway, Lee, Hoyt, Silverman, 2011, para. 11). However, this design is not without dependency for a demand for the product. In its current structureRead MoreCrocs Case Study1351 Words   |  6 Pages The history of Crocs can be roughly summed up as three friends that pursued an idea and it worked. Crocs established in 2002 after three friends took a fishing trip to the Caribbean. Lyndon â€Å"Duke† Hanson, Scott Seamans and George Boedecker, were so impressed with the slip-resistant foam shoes, they decided to sell the Canadian produced clog shoes manufactured by Finproject NA out of a leased warehouse in Florida. The friends choose the name Croc to â€Å"capture the amphibious nature of the product.†Read MoreEssay about Crocs Case Study1385 Words   |  6 Pagesbusinesses and the footwear industry is no exception. Datamonitor’s profile of the industry estimates that in 2008 the global footwear market was valued at $196.6 billion and projects that figure to grow to 232.1 billion by 2013. How can firms such as CROCS or ECCO succeed in this global market? Datamonitor points out that this industry is highly competitive and that rivalry between firms is strong. A key success factor for the footwear industry is the successful development and management of a profitableRead MoreCrocs Case Study Essay1114 Words   |  5 PagesCASE: Crocs, Inc. 1. Which comparable company is a useful peer for valuation purposes as of the case date? Will it continue to be a good match into the future? Lululemon is a useful peer for valuation purposes as of the case date. There are three main factors to determine a useful peer. First one is comparable growth. Fiscal year 2006 sales growth of Crocs had been %227 and growth of over %130 was likely for fiscal year 2007. On the other side, compound annual growth rate of sales of Lululemon isRead MoreCrocs Case Study Essay1060 Words   |  5 PagesCrocs emerged in 2003, quickly growing in both scope and profitability as a result of its unique value chain management system. Foregoing traditional models, Crocs q uickly acquired and established a world-wide network of supply, manufacturing, production, and delivery systems. This gave Crocs the ability to minimize costs, maximize efficiency, and deliver the best value to their customers. Within this customer-focused framework, Crocs created a unique global value management system, superior inRead MoreCrocs, Inc. Case Study Report Essay2078 Words   |  9 PagesUNIVERSITY CROCS, INC. Case Study Report  ¹ SUBMITTED TO PROF. NEIL COHEN School of Business and Public Management The George Washington University BY Anil Kumar Cheerla FINA 6224 FINANCIAL MANAGEMENT WASHINGTON, DC January 26, 2011 Q1: Consider which comparable peers are good matches and use them to perform a multiples analysis, calculating and defending an estimate of Crocs value. Soln: Comparable companies analysis – Done to determine appropriate valuation multiple for Crocs, Inc.Read MoreEssay Value Chain Management - Crocs Case Study1257 Words   |  6 PagesCrocs splashed onto the scene in 2002 with brightly colored plastic shoes that the whole family could wear. From preschoolers to doctors, these shoes appealed to a vast array of consumers. The reason for Crocs’ success can be attributed to their value chain development. Value chains exist to enhance value created at every step of the manufacturing process, from raw materials to final product disposal or reuse (â€Å"Value Chain,† n.d.). The sequence of this chain gives the customer high value for a lowRead MoreEssay about Value Chain at Crocs, Inc.977 Words   |  4 PagesThe first impression one might have about Crocs products are that they are basically plastic looking shoes that are comfortable and readily available. Customers familiar with this product boast, like on the company website, about the company’s proprietary closed-cell resin, Crosliteâ„ ¢, a technology that gives each pair of shoes the soft, comfortable, lightweight, non-marking and odor-resistant qualities(Company.crocs.com, 2011). There are also various comments about how the material does notRead MoreSwot Analysis : Publix Inc. Core Competencies888 Words   |  4 PagesCrocs Case Analysis This case analysis will discuss Crocs, Inc. core competencies and explain how Croc should exploit these competencies in the future. There will be an examination of options and an identified recommended choice (i.e. further vertical integration, growth by acquisition, or growth by product extension). In addition, there will be a review of the alternatives that fit and do not fit within the company’s core competencies. Finally, there will be a recommendation on how Crocs shouldRead MoreCrocs Shoes Itself in Global Supply Chain2868 Words   |  12 PagesBy: Hanan Alzayied KMBS student-Kuwait-July2012 Crocs Shoes itself in Global Supply Chain Abstract: Crocs, Inc. is a U.S. based shoe designer, manufacturer, and retailer that launched its business in 2002 selling Crocsâ„ ¢ brand casual plastic clogs with straps in a variety of solid, bright colors, Crocsâ„ ¢ introduced an innovative shoe made of a revolutionary material called Crosliteâ„ ¢ technology which held unique characteristics that allowed it to perform on both land and in water. The

Spartans and Special Forces Free Essays

The Spartans were the Special Forces (SF) of their time. Now we have Delta Force, Navy SEALS, Green Berets, Marine Force RECON and Army Rangers. All are small elite groups of warriors trained to kill. We will write a custom essay sample on Spartans and Special Forces or any similar topic only for you Order Now How many of today’s warriors would equal one Spartan? Given the vast differences in technology and the way that battles are fought, who would come out on top? Spartan warriors are taken from their families at the age of seven to begin the training of a warrior. These boys where placed into groups also referred to as â€Å"packs† and sent to Agoge, what we today call boot camp. While in Agoge they became accustomed to hardship and given just minimal amounts of food and clothing to survive. By having just enough to get by they were encouraged to steal. If they where caught stealing they would be punished, not for stealing, but for being caught. The boys where also encouraged to compete in mock fights and games to promote unity. They learned songs of Spartan victories and how to read and write. They didn’t learn how to read and write for cultural purposes, but rather so that they could read maps. When the boys reached the age of 12 they became youths. Much more was demanded of youths than children. They began a more intensified physical training regime, were given extra tasks and discipline became harsher. They were forced to go barefoot and wear only a tunic in both summer and winter. When the boys reached the age of 18 they became young adults. They served as trainers for the youths. Also included in this category where the most promising youths. These elite boys where the ones that stood out among all others and chosen for possible leadership positions. When a Spartan turned 20 years of age he became eligible for service in the military. They joined a â€Å"messes† ( a group meal ) consisting of fifteen men of various ages. The ones who where not chosen for the messes where given a lesser citizenship. Only soldiers where of equal status and rank. Until the age of thirty the Spartan soldiers spent almost all of their time in the barracks with the unit. This included even soldiers that where married. Spartans remained in the military until the age of sixty. Today, at the age of seven, children are in school and living with their families in a warm home. They have enough food and clothing provided that there is no need to steal. The only type of training they are receiving is basic schooling and fighting gets you in nothing but trouble. The only other type of military training a child can receive would be if they where sent to a military academy and only wealthiest of families can afford to do that. At the age of 12 what was expected of youths is a little more demanding than that of a child. You are expected to do more chores and the physical training is from playing with your friends or gym class at school. We definitely didn’t wear a tunic in both summer and winter and you are only barefoot if you want to be. We have plenty of clothes for all seasons and footwear to stay protected from the elements. Now we reach the age of 18 and you have either graduated from high school or received your GED. Then and only then you are allowed to join the military after meeting one of these two goals. For the most fortunate of this age group, they may go to college. For the ones who want to become leaders in the military they go to a military academy like West Point or The Citadel to become officers. For those who chose to just join the military, they go to basic training. This is nothing compared to what the Spartans have already been through. They have already been in training now for 12 years. Basic training only lasts eight weeks and then you go on to your military occupational specialty (MOS) school which could last up to a year. If you become and infantryman like a Spartan begins as, you have an additional 11 weeks of training to complete. In the Army you can apply for Special Forces Green Berets, and if you are chosen you now begin more intensified training. If you are one of the few enlisted men or officers chosen for Special Forces you now must complete the SF Qualification (Q) Course. The Q Course can last anywhere from 12 to 24 months depending on the MOS you choose. Special Forces soldiers have four MOS categories to choose from: Weapons Expert (18B), Engineer (18C), Medic (18D) and Communications (18E). When an officer trains for SF they are only given one MOS to choose from Career Management (18A). When you have completed your SF training you are then assigned to your unit and then to your team. At age 20 you have been in the military for two to three years and have moved up the ranks to at least a Specialist or Corporal in the Army. If you chose to go one of the military academies you are half way through your training and the process of getting your degree, which is required to be an officer in the military. Unlike Spartans though, today you are allowed to be at home with your family and only if you are single you are not committed to staying in the barracks with the unit. There are other daily rituals that you do while with your unit, such as physical training (PT), training with the unit at the range and cleaning your equipment. Those are only a few of the things that you do with the unit. Special Forces units, unlike Spartans, have what is referred to as a Real World Mission, meaning they can deploy to any part of the world within 24 hours. They are SF Teams deployed today in support of Operation Iraqi Freedom, Operation Enduring Freedom, the war on drugs in Central and South America and SF Teams in Africa on Peace Keeping missions. When you reach your 20 year mark in the military you have the choice of retiring or staying in longer. If I where to have stayed in for twenty years I would have retired at the age of 42. Being part of the military until the age of 60 is not required of any soldier today. Spartans, like the citizens of many other Greek States, where trained as soldiers and used the Phalanx formation in battle. The Phalanx formation was rectangular in design and the Spartans where the masters in the use of this formation. The traditional formation consisted of a strait line of men in a file 8 to 12 deep. This formation used pushing and required a lot of strength and stamina to endure long days of fighting. The Elite, as they are referred to, would take up the honorary right flank when fighting with their allies. When they broke through the line of the enemy, as they usually did, the Spartans would sweep left and roll through the enemy. The picture below is that of a Phalanx formation and shows the position of Elite forces on the honorary right side of the formation. [pic] [pic] The above picture is that of a Phalanx formation. The tactics of today’s soldier are vastly more superior because of the way battles are fought. Battles today are not fought by masses of men on one field of battle slugging it out with spears, swords and shields. Today, we rely heavily on technology to fight our battles. The Spartans didn’t have the luxury of a Tomahawk cruise missile or artillery barrage to soften a target before attacking the enemy. Special Forces soldiers are taught Small Unit Tactics, SERE (Survival, Evasion, Resistance and Escape) tactics, Combat Skills Training and Special Forces Field Craft Training. All of this training combined prepares the soldiers for their Unconventional Warfare Combat Exercise called â€Å"Robin Sage† at Fort Bragg, North Carolina. This exercise demonstrates the skills that the Special Forces soldiers have been taught over a 28 day period. For a Spartan to have achieved this type of training he would have been training for almost 14 years. The Spartan would have been much more refined in his combat skills than the average Special Forces soldier. Spartans wore hoplite armor which consisted of armor with flanged bronze cuirasses, leg greaves and a Corinthian style helmet. The weapons they would have carried into battle would have been a bronze shield weighing up to 15 pounds known as a Hoplon, a 6 to 10 foot spear called a Sarissas for thrusting at advancing soldiers and a two foot long sword called a Xiphos for thrusting and cutting in close combat. All of this equipment was simple and yet very effective on the battlefield. Below is a picture of a Spartan soldier with all of his equipment needed for battle. [pic] The equipment of a Special Forces soldiers varies drastically from one combat theatre to the next. The basic equipment used consists of a uniform with boots, knee pads, elbow pads, protective eyewear, Interceptor Body armor with Ballistic plates to stop a hi-powered rifle round, a ballistic helmet. The weapons carried by Special Forces Soldiers also vary from mission to mission. The basic weapons carried on a mission for an SF soldier are an M-4 5. 6 millimeter Carbine, M-9 9 millimeter pistol, a bayonet, ammunition for both the pistol and rifle and hand grenades. Below is a group of Special Forces Soldiers posing for a photo in Iraq. [pic] In my opinion, the Spartans would be the toughest of the tough. They endured many more hardships over the span of their lifetime. They where taken from their families at the age of s even and spent their lives in the military. We, on the other hand, have all the luxuries one could ever want, and more. We are not brought up to be killing machines like the Spartans were. Thankfully most of us will never have to kill another human being in our lifetime. References Headquarters, Department of the Army, Field Manual (FM) 3-05, Army Special Operations Forces, September 2006 Wikipedia, the free encyclopedia Retrieved: December 12, 2009 from http://en.wikipedia.org/wiki/Special_Forces_Qualification_Course Wikipedia, the free encyclopedia Retrieved: December 12, 2009 from http://en.wikipedia.org/wiki/Exercise_Robin_Sage ABC News, Retrieved: December 12, 2009 from http://a.abcnews.com/images/International/ht_berets06_070530_ssh.jpg Wikipedia, the free encyclopedia Retrieved: November 11, 2009 from http://en.wikipedia.org/wiki/Sparta Wikipedia, the free encyclopedia Retrieved: November 11, 2009 from http://en.wikipedia.org/wiki/Spartan_Army Wikipedia, the free encyclopedia Retrieved: December 12, 2009 from http://en.wikipedia.org/wiki/Phalanx_formation Wikipedia, the free encyclopedia Retrieved: December 12, 2009 from http://en.wikipedia.org/wiki/File:Hop2.jpg Wikipedia, the free encyclopedia Retrieved: December 12, 2009 from http://en.wikipedia.org/wiki/File:Greek_Phalanx.jpg Military Factory, website about ancient and modern weapons and armor Retrieved: December 13, 2009 from http://www.militaryfactory.com/ancient-warfare/spartan-hoplite.asp How to cite Spartans and Special Forces, Papers

A critical analysis of CSRs financial reporting disclosures Essay Example For Students

A critical analysis of CSRs financial reporting disclosures Essay Table of Contentss Executive Summary 1.Introduction 2.The Conceptual Framework for Financial Reporting 2.1.The aim of general intent of fiscal coverage 2.2.The qualitative features of utile fiscal information 3.A critical reappraisal of the revelations of Property, Plant and Equipment 3.1.The construct of the revelation of fiscal information 3.2.The revelation for PPE in CSR 3.3.The revelations of PPE and the qualitative features of utile fiscal information 4.Conclusion and recommendations 5.List of mentions 6.Appendix Outline1 Executive Summary2 1. Introduction3 2. The Conceptual Framework for Financial Reporting4 2.1. The aim of general intent of fiscal coverage5 2.2. The qualitative features of utile fiscal information6 3. A critical reappraisal of the revelations of Property, Plant and Equipment7 3.1. The construct of the revelation of fiscal information8 3.2. The revelation for PPE in CSR9 3.3. The revelations of PPE and the qualitative features of utile fiscal information10 4. Decision and recommendations11 5. List of mentions12 6. Appendix Executive Summary The primary purpose of this study was to find whether the revelation demands for Property, Plant and Equipment ( PPE ) in the latest one-year study in CSR were satisfied and whether it was qualified as utile and relevant fiscal information. At first, the object of general purpose fiscal coverage ( GPFR ) and the qualitative features of utile fiscal information were exhaustively reviewed. Then, the revelations of PPE in the fiscal statements were critically analysed based on AASB116. Under the thorough probe, it was found that the demands of the revelations of PPE in CSR were sufficiently satisfied and it was qualified as utile fiscal information, though a certain feature may non hold been included. Meanwhile, the significance that the utile fiscal statement must be qualified based on both the revelations demands by AASB116 and The Conceptual Framework for Financial Reporting by IASB were highlighted in the undertaking. Besides, a possible recommended action for an addition in the dep endability of the revelation of PPE in CSR was provided. 1. Introduction Fiscal studies are by and large prepared by entities to supply information that is important to extra users to do concern determinations. The Conceptual Framework for Financial Reporting ( CFFR ) is critically of import for the users who are trusting on the entity’s fiscal studies. Unlike Australian Accounting Standard Board ( AASB ) , CFFR may non mandatory regulations for all entities ; nevertheless, it is likely the important tool for AASB to publish accounting criterions and regulations. As an addition in the users demand for the fiscal studies that must be utile and dependable, CFFR is the rule that an entity can non disregard. In order to fulfill the demand, the aim of General Purpose of Financial Report ( GPFR ) and the qualitative features of utile fiscal information should be reviewed and applied. Meanwhile, to show the dependable and faithful representation of the fiscal studies, it is of import to analyze whether the revelation demands for Property, Plant and Equipm ent ( PPE ) are adequately met. This study will specify the aim of GPFR and the qualitative features of utile fiscal information. Besides, this will analyze whether the company fulfil the revelation demands for PPE based on AASB116, whether it is qualified as utile fiscal information and discuss methods to run into the standards. 2. The Conceptual Framework for Financial Reporting 2.1. The aim of general intent of fiscal coverage The aim of general intent of fiscal coverage ( GPFR ) is to supply utile and relevant fiscal information for bing users: investors, loaners and other creditors who are trusting on the information ( IFRS Foundation 2010 ) . The users will be able to make up ones mind whether to put, which company to corporate with, and where to sell and purchase a certain resources. While its significance, it is stated that the users can non straight require an administration to supply the fiscal studies for their peculiar demands and therefore they need to trust on GPFR ( IFRS Foundation 2010 ) . This could take an entity to be just to all bing users in markets. Besides, GPFR requires an entity to provides the information about a alteration in economic resources resulted from the past minutess and events, which helps users to measure an entity’s liquidness and solvency ( IFRS Foundation 2010 ) . The revelation of entity’s fiscal public presentation throughout periods would significantly impact on user’s fiscal determinations. 2.2. The qualitative features of utile fiscal information In order to be qualified as utile and relevant fiscal information, there are by and large certain features that should be included in the fiscal studies. As shown the figure1 below, the features are divided into two parts ; viz. , cardinal qualitative features: relevancy and faithful representation and heightening qualitative features: comparison, verifiability, seasonableness and comprehensibility. Figure 1: The qualitative features of utile fiscal information Features Description Cardinal qualitative features Relevance Relevant fiscal information is relevant to do determinations. Faithful representation All available information is dependably represented without mistakes. Enhancing qualitative features Comparison Users should be able to compare the information to its in different periods or companies. Verifiability The information can be represented dependably by sing economic phenomena and other fortunes. Seasonableness The latest information could be more utile than the older. Comprehensibility Clear and concise representation of information is apprehensible. Beginning: IFRS Foundation 2010 In following subdivision, the construct of the revelation of fiscal information will be mentioned before the representation of the chief issue, which is whether the company satisfy the revelation demands for PPE based on AASB116. Above the qualitative features of utile fiscal information will besides be utilised to measure the revelation of PPE as the utile fiscal information may be needed to carry through both the revelation demands and the above features. A Raisin In The Sun Essay Introduction** During the twelvemonth ended 31 March 2012, plus write downs and damages of $ 4.3 million related to site closings in the Building Products concern. Beginning: CSR Limited 2013 3.3. The revelations of PPE and the qualitative features of utile fiscal information As discussed in subdivision 3.1 and 3.2, it is understood that the aim of the revelation of PPE is to help users to understand an entity’s investing, their hazards and chances by supplying the information of depreciation, impairment losingss and a alteration in transporting sum during the period. Besides, it could be concluded that CSR could adequately content the demands for the revelation of PPE. To better its utility, it is rather of import to measure whether the revelation of PPE has included the qualitative features: relevancy, faithful representation, comparison, verifiability, seasonableness and comprehensibility, which were mentioned in subdivision 1. The revelations of PPE in CSR may hold satisfied at least two cardinal qualitative features: relevancy and faithful representation and three heightening qualitative features: comparison and seasonableness and comprehensibility. First, the information is likely relevant and faithful as it is utile for users to do determinations about puting resources to an entity and it was dependably represented without mistakes. Besides, the revelation of PPE provided both the current period and the old period that could enable users to compare the entity’s public presentation throughout the periods. Furthermore, this information is up to informations and briefly written that could fulfill seasonableness and comprehensibility. However, verifiability is the characteristic that is rather hard to be assessed accurately and therefore it could non confidently be stated that it was fulfilled. Although the Numberss or measures may hold been presented without mistakes, it is about impossible for the entity to absolutely predict hereafter hard currency flows ( Maines A ; Wahlen 2003 ) . While this is a dissatisfactory world, actions for sweetening should be taken. The revelation of the information about implicit in economic factors is considered to be important to better the dependability of accounting information ( Maines A ; Wahlen 2003 ) . This could allow users to obtain more dependable information from the revelation of PPE for their hereafter investing due to its sweetening in transparence. 4. Decision and recommendations This paper demonstrated the importance of certain features that should be included in the fiscal statements to supply utile and dependable fiscal information for users. This besides significantly linked to the aim of GPFR: to supply utile and relevant fiscal information for external and bing users and therefore it helps user’s to do concern determinations. Besides, this world could sufficiently recommend that the construct of the function of CFFR is to help Accounting Standard Board to put accounting criterions and regulations. Through thorough analysis on the revelations of PPE in CSR, it can be concluded that the revelation demands for PPE were sufficiently satisfied. However, since there may be the restriction in truth of supplying the information about future net hard currency flows by analyzing the current economic fortunes, at least one of qualitative features: verifiability may hold non been contented. Hence, notwithstanding the revelations of PPE in CSR is considered t o be utile and dependable, the information about implicit in economic premise could be provided to heighten its verifiability. 5. List of mentions Australian Accounting Standards Board 2012,Glossary of Defined Footings,Australian Accounting Standards Board, viewed 18 April 2014, lt ; hypertext transfer protocol: //www.aasb.gov.au/admin/file/content102/c3/AASB_Glossary_30_September_2012.pdf gt ; Australian Accounting Standards Board 2013,Property, Plant and Equipment, Australian Accounting Standards Board, Melbourne. CSR Limited 2013,CSR Limited Annual Report 2013, CSR Limited, North Ryde, viewed 18 April 2014, lt ; hypertext transfer protocol: //www.csr.com.au/Investor-Centre-and-News/Annual-Meetings-and-Reports/Documents/CSR % 20Annual % 20Report % 2031 % 20Mar % 202013.pdf gt ; IFRS Foundation 2010,Conceptual Framework for Financial Reporting 2010, ISBN 978-1-907026-69-0, IFRS Foundation Publications Department, London. IFRS Foundation 2013,A Review of the Conceptual Framework for Financial Reporting, ISBN: 978-1-909704-04-6, IFRS Foundation Publications Department, London. Pine tree states, L, A ; Wahlen, J 2006, The Nature of Accounting Information Reliability: Inferences from Archival and Experimental Research ,Accounting Horizons, vol. 20, no. 4, pp. 399-425. 6. Appendix Amortization The depreciable sum of an plus that is consistently allocated over its utile life. Transporting sum The sum of an plus recognised after infering accrued depreciation and amortization and impairment losingss. Cost The sum of hard currency payment occurred when geting an plus. Depreciation The depreciable sum of an plus that is consistently allocated over its utile life. foreign currency dealing A dealing that requires transition in a foreign currency. Impairment loss The extra sum occurred by deducting the recoverable sum from the transporting sum. Property, works and equipment Tangible assets that are held for administrative intent and expected to utilize over one period. Reappraisal The procedure of repeating the value of assets and liabilities. Useful life The period of an plus that is expected to be useable. Table 1: Variables chiefly used in the revelations of PPT Beginning: Australian Accounting Standard Board 2012 Table 2: Abbreviations AASB Australian Accounting Standard Board CFFR Conceptual Framework for Financial Reporting GPFR General Purpose of Financial Report IASB International Accounting Standard Board PPE Property, Plant and Equipment 1|Page