'Cost flow assumptions' diaporamas de présentation

Inventories: Measurement

Inventories: Measurement. Objectives of this Chapter. Discuss the importance of inventory valuation. Study perpetual and periodic inventory systems and the ending period adjustments for inventory. Study and compare the inventory cost flow assumptions. Explain the effect of LIFO liquidations.

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Accounting for Inventories

Accounting for Inventories. Inventory Costs. All expenditures incurred. Inventory Costs. All expenditures incurred to bring the item to its. Inventory Costs. All expenditures incurred to bring the item to its existing condition and location. Costs include. Invoice cost Shipping

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Inventories

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Learning Objectives After studying this chapter, you should be able to:

6. Inventories. Learning Objectives After studying this chapter, you should be able to: [1] Determine how to classify inventory and inventory quantities. [2] Explain the accounting for inventories and apply the inventory cost flow methods.

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REPORTING AND ANALYZING INVENTORY

REPORTING AND ANALYZING INVENTORY. 6. Accounting, Fourth Edition. Study Objectives. Describe the steps in determining inventory quantities. Explain the basis of accounting for inventories and apply the inventory cost flow methods under a periodic inventory system.

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Intermediate Accounting, Ninth Edition

Intermediate Accounting, Ninth Edition. Kieso and Weygandt. Prepared by Catherine Katagiri, CPA The College of Saint Rose Albany, New York. John Wiley & Sons, Inc. 1. 1. 1. 1. Chapter 8: Valuation of Inventories: A Cost Basis Approach. After studying this chapter you should be able to:

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Demonstration Problem

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Intermediate Accounting November 22 nd , 2010

Intermediate Accounting November 22 nd , 2010. General Course Questions Return Discussion Question #4 Revenue Recognition Turn in Columbia Sportswear Annual Report Projects Discuss Final Group Project Chapter 8 Inventory (using assigned homework) A . When is it Inventory (Ex 1, 3, 5)

671 views • 39 slides

Learning Objectives After studying this chapter, you should be able to:

6. Inventories. Learning Objectives After studying this chapter, you should be able to: [1] Determine how to classify inventory and inventory quantities. [2] Explain the accounting for inventories and apply the inventory cost flow methods.

370 views • 36 slides

CHAPTER 9 INVENTORIES

CHAPTER 9 INVENTORIES. Roadmap. Components of inventories Two inventory system Allocate Fixed Overhead costs: variable costing vs. absorption costing Three cost flow assumptions LIFO reserve and LIFO liquidations Adjusting FIFO Lower of cost or market Dollar value of LIFO.

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Chapter 9

Chapter 9. Accounting for Inventories. Inventory. Retailers: finished goods held for sale; balances can be large (77% of current asset & 25% of total assets for Wal-Mart) Manufacturers: raw materials, work-in-progress & finished goods

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Chapter 7: Inventory

Chapter 7: Inventory. Acquisition of inventory: What costs to capitalize? Recording inventory activity: Which method? Selling inventory: Which cost flow assumption? Ending inventory: Lower-of-cost-or market valuation. Chapter 7: Inventory. What items or units to include?

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HUANGHUAI UNIVERSITY & BANGOR UNIVERSITY Chapter 6

HUANGHUAI UNIVERSITY & BANGOR UNIVERSITY Chapter 6 Liquidity of Short-Term Assets; Related Debt-Paying Ability DR. AZIZ JAAFAR. Current Assets. Current assets

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