Intuitive Surgical Inc.

“…. However, if alternative courses of action to recover the carrying amount of a long-lived asset (asset group) are under consideration or if a range is estimated for the amount of possible future cash flows associated with the likely course of action, the likelihood of those possible outcomes shall be considered. A probability-weighted approach may be useful in considering the likelihood of those possible outcomes.”

On December 31 2007, your company determined that a loss in connection to the claim was probable.

M International and W Inc. have been engaged in long-standing litigation over a specific patent infringement matter. Pertains to the accounting for this contingency loss, this memo has made the following conclusions:

This article was interesting because similarly to the other article, Robotic Surgical Training, this one talks about the simulation that is used to help the surgical teams train properly. The teams have to be familiar and have operational knowledge of the robotics. The teams have to know how to properly use and manipulate the instruments with hands on experience.

Whether certain allocations of partnership income, gain, loss, deductions, and credits have substantial economic effect and whether that has any impact on the partners’ distributive shares.

As discussed above, if indicators of impairment exist for an asset (group) to be held and used, an entity determines whether the sum of the estimated undiscounted future cash flows attributable to the asset (group) in question is less than its carrying amount. If those undiscounted cash flows are less than

The company has been engaged in a dispute over a long-standing litigation with W Inc. The dispute involves a specific patent infringement matter. In May 2007, W Inc. filed a claim against the company for patent infringement and management determined that a loss was probable and estimated it would be between $15 million and $20 million, with $17 million being the most likely amount of loss within the estimated range (December 31, 2007). In September 2009, a jury trial took place for the litigation involving the company and W Inc. A verdict for the trial was reached; a judgment was ordered that

The SCHC utilized the members of their own staff who work directly in the area to train other members; the book refers to these as super-users. The SCHC believed it was important for training to be conducted by someone who was “speaking their own language” to increase the users comfort and knowledge while using the system. The textbook recommends giving an ample amount of time to practice. In this case the health center provided 3 weeks of job-specific training by in house staff (“A West Virginia Health Center”, 2012).

These types of losses might incorporate out-of-pocket expenditure, and even loss of possible profits had BTT honored their part of the

Recently your company was named as defendant in lawsuit involving a patent pending held by your company. Due to the concern of losing the lawsuit your company has asked that our firm research and identify the impacts to your company’s financial statement if a loss of lawsuit should occur. Based on the information provided by your company our firm has prepared the following memo which will outline the current Financial Accounting Standards Board (FASB) practice and thought related to: contingencies, troubled debt restructuring, and impairment.

A loss contingency can be listed under liability when there is a high probability that the company will lose the lawsuit. On the other hand, when a lawsuit is expected to be won –which is the case of Brandon’s lawsuit- , it should not be listed under assets. Rather, it should be annotated in the footnotes. According to GAAP, contingencies that might result in gains usually are not reflected in the accounts because to do so may cause recognition of revenue prior to its realization. (Becker, p. f6-39)

Nurses and other health care providers have to be able to provide the proper education about robotic surgery for their patients, so it is essential that they know all aspects about this technology.

When a competitor develops and introduces a superior product, that is less costly to manufacture and even many times usable and durable, Hans Thorborg, the general manager of the German plant of Precision Worldwide, Inc.(PWI), and his team have to decide to math the competitor’s product. When to do so, how to price or what sustainable competitive advantage they need to adopt during the next strategic period, given that they hold a large inventory, which is now inferior product. PWI is confronted not only with a substitute product that is both cheap and durable; Compared to PWI’s steel rings, the plastic rings being produced by Henri Poulenc is both cheaper and lasts longer. PWI is also facing

Extraordinary sales growth for AMT of 30% annually is resulting in major operating losses, and external funds are necessary to be able to continue with this rapid expansion. The net operating losses from 1983-1985 were $1,289,000 in 1983; $1,176,000 in 1984; and $1,487,000 in 1985. The bulk of these losses were a direct result of both

The following case study was based on the positive and negative aspects of a delivery system named Sharp Healthcare. Sharp Healthcare was integrated serving a population of about three million (Burns, Bradley, & Weiner, 2011). The delivery system was located in San Diego, California, in which it had several hospitals, facilities, and services as well as being the largest employer. Sharp sought out to be one of the top places to work and 2007 won an award. Sharp promotes six pillars in order to make the company successful overall: organizational goal setting, priority setting, performance evaluations, as well as setting high standards for the employees. Sharp has been determined to target quality, service, and people through employee standards