英語の後に日本語が続きます。
The sawtooth oak (Quercus acutissima) is native to North East Asia and can be found across Japan. The tree is known for its acorns but its calybia and cupules are beautiful and so are its flowers, produced from April to May (scroll down), which always remind me of a "noren" or bead curtain hung at the entrance of many izakaya restaurants in Japan😆.By the way, the term "noren" has another meaning in Japan, that is, goodwill for accounting and tax purposes because noren, which often has a trade name on it, is believed to represent customers' trust and brand value. Noren or goodwill is generally amortized over 20 years or less under Japanese GAAP and 5 years for Japanese tax purposes but not amortized but impaired when devalued for IFRS purposes. Why so different?
As a relatively conservative country, Japan has preferred to take a conservative approach that goodwill, i.e., value in excess of market value, should decline as time goes by. Japan also doesn't like an impairment test, which could be manipulated by the management. Which approach would you choose?
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| 2026/6/26 Calybium and cupule |
