Financial accounting chapter 06 inventories

... Explain the basis of accounting for inventories and apply the inventory cost flow methods Inventory Costing Average Cost Illustration 6-8 6-13 LO Explain the basis of accounting for inventories and ... Explain the basis of accounting for inventories and apply the inventory cost flow methods Inventory Costing Financial Statement and Tax Effects Illustration 6-9 6-15 LO Explain the financial effects ... on the financial statements Inventory Costing Statement of Financial Position Effects Effect of inventory errors on the statement of financial position is determined by using the basic accounting...

Financial accounting chapter 01 accounting in action

... http://www.iasb.org/ International Financial Reporting Standards (IFRS) Financial Accounting Standards Board (FASB) http://www.fasb.org/ Generally Accepted Accounting Principles (GAAP) 1-8 LO Explain accounting ... Creditors Marketing 1-7 Regulatory Agencies Investors LO Identify the users and uses of accounting The Building Blocks of Accounting Accounting Standards 2011 year International Accounting Standards ... effects of business transactions on the accounting equation 1-2 Explain what accounting is Understand the four financial statements and how they are prepared What is Accounting? Accounting consists...

financial accounting chapter 02 the recording process

... in the recording process Steps in the Recording Process Standard Form of Account Illustration 2-17 2-25 LO Explain what a ledger is and how it helps in the recording process Steps Posting – process ... provide evidence of the transaction 2-14 LO Identify the basic steps in the recording process Team Quiz #1 2-15 2-16 Team Quiz #2 2-17 Team Quiz #3 2-18 Steps in the Recording Process The Journal  ... helps in the recording process Steps in the Recording Process Journalizing - Entering transaction data in the journal Illustration: On September 1, shareholders’ invested €15,000 cash in the corporation...

Financial accounting chapter 03 adjusting accounts IFRS

... Cash-Basis Accounting Cash-Basis Accounting   Expenses recognized when cash is paid  3-2 Revenues recognized when cash is received Cash-basis accounting is not in accordance with International Financial ... International Financial Reporting Standards (IFRS) LO Explain the accrual basis of accounting Timing Issues Accrual- vs Cash-Basis Accounting Accrual-Basis Accounting   Revenues are recognized when ... revenues.” 3-5 LO Explain the accrual basis of accounting The Basics of Adjusting Entries Types of Adjusting Entries Illustration 3-2 Categories of adjusting entries Deferrals Accruals Prepaid...

Financial accounting chapter 04 completing the accounting cycle

... Instructions Using the above information, complete the worksheet on the following page for Yang Bakery for the month of October 4-20 4-21 Closing the Books At the end of the accounting period, the company ... one year or the operating cycle, whichever is longer Operating cycle is the average time it takes from the purchase of inventory to the collection of cash from customers LO Identify the sections ... makes the accounts ready for the next period Illustration 4-5 4-22 LO Explain the process of closing the books Closing the Books Preparing Closing Entries Closing entries formally recognize, in the...

Financial accounting chapter 08 accounting for receivables

... acceptable for financial reporting LO Accounts Receivable Allowance Method for Uncollectible Accounts Companies estimate uncollectible accounts receivable Debit Bad Debt Expense and credit Allowance for ... Allowance for Doubtful Accounts $2,000 Dr Solution: Bad debts are estimated to be 10% of receivables Prepare the entry to adjust Allowance for Doubtful Accounts Bad debts expense 5,000 * Allowance for ... Statement of Financial Position? Accounts Receivable Allowance for Doubtful Accounts Beg 500 25 Beg End 500 25 End 8-10 Accounts Receivable 8-11 Accounts Receivable Journal entry for credit sale...

Financial accounting chapter 09 plant assets, natural resources, and intangible assets

... property, plant, and equipment; plant and equipment; and fixed assets 9-2 Plant Assets Plant assets are critical to a company’s success Illustration 9-1 9-3 Determining the Cost of Plant Assets ... related to accounting for intangible assets Accounting for Intangible Assets Franchises and Licenses  Contractual arrangement between a franchisor and a franchisee ► BP (GBR), Subway (USA), and Europcar ... to property, plant, and equipment, IFRS Similar to property, plant, and equipment, IFRS permits revaluation of intangible assets to fair value, permits revaluation of intangible assets to fair...

Financial accounting chapter 10 liabilities kế toán nợ

... of 6%), the journal entry is: Cash 10, 600 Sales revenue 10, 000 payable Sales tax 600 10- 9 LO Explain the accounting for other current liabilities Current Liabilities Unearned Revenue Revenues ... account, and credits a Revenue account 10- 10 LO Explain the accounting for other current liabilities Current Liabilities Illustration: Busan IPark (KOR) sells 10, 000 season football tickets at W ... records the revenue earned Sept 10- 11 Unearned ticket revenue Ticket revenue 100 ,000 LO 100 ,000 Explain the accounting for other current liabilities Current Liabilities Current Maturities of...

A TRANSLATION QUALITY ASSESSMENT OF THE VIETNAMESE VERSION OF US FINANCIAL & ACCOUNTING APPLICATION SOFTWARE

... text of US F &A application software has based on the language qualities of a technical language text b To assess the translation quality of the translated version of US F &A application software, ... made in the text Signature Tran Thi Cam Tu DEABSTRACT This study investigates translation quality assessment of the Vietnamese version of US Financial and Accounting application software translated ... surveyed the typical features of US F &A application software Like other types of technical language, the language presented in US F &A application software is jazzed up, containing a huge number of...

Giáo trình: Marketing Management_ Chapter 06

... analysis is to enable the marketing manager to understand who the competition is Misidentification of the competitive set can have a serious impact on the success of a marketing plan, especially ... Core strategies Supporting marketing mix: – – – – Price Distribution Product Communications - 21 Product & Service Core strategies can be assessed Decisionsexamining by marketing communications ... competition or market definition • Competition is best defined by the customer, rather than by the marketing manager, as implied in the following definition 6-8 Product & Service Decisions “An industry...

Tài liệu Physics exercises_solution: Chapter 06 docx

... spring From either Eq (6.9) or Eq (6.10), W  kx  (200 N / m)(0.025 m)  0 .06 J 2 b) The work-energy theorem gives 2(0 .06 J ) 2W v   0.18 m / s (4.0 kg ) m 6.37: The work done in any interval ... is the magnitude 2 of the friction force Then, k 2f v x0  x0 m m 400 N / m 2(6.00 N) (0 .06 m)  (0 .06 m)  4.90 m / s 0.0300 kg (0.0300 kg) c) The greatest speed occurs when the acceleration ... maximum speed is vmax   k 2f ( x0  x )  ( x0  x) m m 400 N / m 2(6.00 N) ((0 .060 m)  (0.0150 m) )  (0 .060 m  0.0150 m) (0.0300 kg) (0.0300 kg)  5.20 m/s, which is larger than the result...

Financial accounting

... information for both Financial Accounting (FI) and Cost Accounting (CO) 01 In order to display a chart of accounts, follow the SAP Easy Access menu path: Accounting ► Financial Accounting General ... on the exit icon Financial Accounting (V1201) until you are back on the SAP Easy Access Screen Page 18 FI 8: Change Financial Accounting Document Exercise Change a financial accounting document ... types of accounting:  External accounting is oriented more towards satisfying the information requirements of external parties This is referred to as Financial Accounting (FI)  Internal accounting...

Tài liệu Thị trường tài chính và các định chế tài chính_ Chapter 06 ppt

... Chapter Outline       Money market securities Institutional use of money markets Valuation...

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Tài liệu Transparency, Financial Accounting Information, and Corporate Governance ppt

... International Financial Analysis and Research (1995), and appear in the table 76 Transparency, Financial Accounting Information Variables Used to Measure Corporate Transparency and Data Sourcesa Corporate ... Smith 2001 Financial Accounting Information and Corporate Governance. ” Journal of Accounting and Economics 32, no 1-3: 237-333 Carlin, W., and C Mayer 2000 “Finance, Investment and Growth.” ... the direct use of financial accounting information in specific corporate governance mechanisms The largest body of governance research in accounting examines the use of financial accounting information...

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