Fitness Tracking Study Essay Example | Topics and Well Written Essays - 1000 words

Fitness Tracking Study - Essay Example   As a person goes throughout their daily activities, the Fitbit logs this information. It logs data such as the estimated calories burned, the number of steps covered (distance covered), and the duration of sleep of its user. Many scientific studies have been done to ascertain the reliability and accuracy of the Fitbit. Mikel (2014) opines that the Fitbit was highly accurate in determining the number of steps taken by an individual.   However, Fitbit is not accurate when determining and measuring the distance covered.   Furthermore, it is not reliable in counting a number of calories burned.Each student in the fitness tracking study was required to collect data over a four-day period. The period of collection of data was not concurrent. The students were to collect data on the activity and food, which included continuing with their normal diet, free living and conducting a specified exercise treatment condition.   The data obtained by each and group was compared to the class data. The self-assessment aspect of this study interests me the most. My interest is peaked due to the opportunity of calculating one's overall health fitness.   Materials and Methods  The fitness tracking study follows a precise procedure to come up with data and figures from the Fitbit. The first step of the study begins with students wearing the Fitbit for four days in a twenty-four-hour cycle. The students log their food intake and sleep schedule in the databases.

Intangible assets as per IAS 38 Essay Example | Topics and Well Written Essays - 1250 words

Intangible assets as per IAS 38 - Essay Example IAS 38 does not recognize all intangibles as assets and thereby invokes various controversies. Intangible assets are important components of many enterprises. It is stressed that all intangible assets should be treated in a consistent way so that financial statements present really a true and fair view of business and other activities of organizations. Lack of consistent approach erodes the creditability and comparability qualities of financial statements. IAS 38 require a thorough revision because of the under noted reasons. There should be the uniform treatment of all types of intangible assets, whether monetary or non-monetary. There is no answer as to why financial assets have been left out to be recognized by IAS 38. The standard has not treated the recognition of research and development expenses on some logical accounting grounds. When the entire expenditure whether incurred in research phase or development phase is going to bring in future economic benefits to the organizatio n, then why there are two different treatments to expenditure on one particular created asset. IAS 38 does not specify the reasonability of expensing the research expenses and capitalizing the expenses during development stage, when the object of expenditure at both stages is same.