Inventory cost flows

Ebook "Effective accounting for small businesses: A guide to business and personal financial success" is designed for college courses in “Managerial Accounting,” “Cost Accounting,” “Accounting II” and others of similar name and nature. This book is presented in outline format with minimal text. It is up to you and/or your instructor to fill in the blanks based on the goals and priorities of your class, and your business and your personal life.

88p tuongnhuoclan 27-11-2023 6 4   Download

Part 1 of ebook "Intermediate accounting (2nd edition)" provides readers with contents including: financial reporting and accounting standards; conceptual framework for financial reporting; the accounting information system; income statement and related information; statement of financial position and statement of cash flows; accounting and the time value of money; cash and receivables; valuation of inventories, a cost-basis approach; inventories additional valuation issues; acquisition and disposition of property, plant, and equipment;...

617p mocthanhdao0210 20-11-2023 8 4   Download

Continued part 1, part 2 of ebook "Fundamentals of financial accounting (5th edition)" provides readers with contents including: inventories and cost of goods sold; receivables, bad debt expense, and interest revenue; long-lived tangible and intangible assets; liabilities; stockholders' equity; statement of cash flows; measuring and evaluating financial performance;...

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Part 1 of ebook "Lean manufacturing that works: Powerful tools for dramatically reducing waste and maximizing profits" provides readers with contents including: customer satisfaction; cost and profit; metrics; cash flow; inventory and carrying cost; velocity, throughput, and lead time; batch and queue vs. lean flow; waste; value added, non-value-added, required non-value-added;...

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Chapter 8 - Valuation of inventories: A cost-basis approach. After studying this chapter, you should be able to: Identify major classifications of inventory, distinguish between perpetual and periodic inventory systems, identify the effects of inventory errors on the financial statements, understand the items to include as inventory cost, describe and compare the cost flow assumptions used to account for inventories.

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Lecture Financial accounting (8/e) - Chapter 7: Reporting and interpreting cost of goods sold and inventory. After studying this chapter, you should be able to: Apply the cost principle to identify the amounts that should be included in inventory and the matching principle to determine cost of goods sold for typical retailers, wholesalers, and manufacturers; report inventory and cost of goods sold using the four inventory costing methods; decide when the use of different inventory costing methods is beneficial to a company.

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Lecture Fundamental accounting principles (21e) - Chapter 4: Completing the accounting cycle. After completing this chapter you should be able to: Describe merchandising activities and identify income components for a merchandising company, identify and explain the inventory asset and cost flows of a merchandising company, compute the acid-test ratio and explain its use to assess liquidity,...

37p haojiubujain05 27-07-2023 5 4   Download

After completing this chapter you should be able to: Describe merchandising activities and identify income components for a merchandising company, identify and explain the inventory asset and cost flows of a merchandising company, compute the acid-test ratio and explain its use to assess liquidity,...

43p haojiubujain05 27-07-2023 7 3   Download

Lecture Fundamental accounting principles (21e) - Chapter 9: Accounting for receivables. After completing this chapter you should be able to: Describe merchandising activities and identify income components for a merchandising company, identify and explain the inventory asset and cost flows of a merchandising company, compute the acid-test ratio and explain its use to assess liquidity,...

39p haojiubujain05 27-07-2023 6 4   Download

Lecture Fundamental accounting principles (21e) - Chapter 10: Plant assets, natural resources, and intangibles. After completing this chapter you should be able to: Describe merchandising activities and identify income components for a merchandising company, identify and explain the inventory asset and cost flows of a merchandising company, compute the acid-test ratio and explain its use to assess liquidity,...

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Lecture Intermediate accounting - Chapter 8: Inventories: measurement. The goals of this chapter are: Explain the difference between a perpetual inventory system and a periodic inventory system, explain which physical quantities of goods should be included in inventory, determine the expenditures that should be included in the cost of inventory,...

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Ebook Intermediate accounting (15th Ed): Part 1 includes contents: Chapter 1 financial accounting and accounting standards; chapter 2 conceptual framework for financial reporting; chapter 3 the accounting information system; chapter 4 income statement and related information; chapter 5 balance sheet and statement of cash flows; chapter 6 accounting and the time value of money; chapter 7 cash and receivables; chapter 8 valuation of inventories: a cost-basis approach; chapter 9 inventories: additional valuation issues; chapter 10 acquisition and disposition of property, plant, and equipment; ...

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Chapter 4 - Accounting for merchandising operations. After completing this chapter, students will be able to: Describe merchandising activities and identify income components for a merchandising company, identify and explain the inventory asset and cost flows of a merchandising company, compute the acid-test ratio and explain its use to assess liquidity,...

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Chapter 6 - Inventories. In this chapter, the learning objectives are: Describe the steps in determining inventory quantities, explain the accounting for inventories and apply the inventory cost flow methods, explain the financial effects of the inventory cost flow assumptions.

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Chapter 11 - Financial statement analysis. After reading this chapter, you should be able to answer the following questions: How can liquidity measures be influenced by the inventory cost-flow assumption used? How do suppliers and creditors use a customer’s payment practices to judge liquidity? What are the influences of alternative inventory cost-flow assumptions and depreciation methods on turnover ratios?...

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Chapter 9 - The income statement and the statement of cash flows. After reading this chapter, you should be able to answer the following questions: What is revenue, and what are the two criteria that permit revenue recognition? How is cost of goods sold determined under both perpetual and periodic inventory accounting systems? What is the significance of gross profit, and how is gross profit calculated and used?...

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After completing this chapter you should be able to: Describe merchandising activities and identify income components for a merchandising company, identify and explain the inventory asset and cost flows of a merchandising company, compute the acid-test ratio and explain its use to assess liquidity,...

41p koxih_kothogmih6 22-09-2020 17 0   Download

After completing this chapter you should be able to: Identify major classifications of inventory, distinguish between perpetual and periodic inventory systems, identify the effects of inventory errors on the financial statements, understand the items to include as inventory cost, describe and compare the cost flow assumptions used to account for inventories...and other contents.

55p koxih_kothogmih6 22-09-2020 14 1   Download

In this chapter, the learning objectives are: Describe the steps in determining inventory quantities, explain the accounting for inventories and apply the inventory cost flow methods, explain the financial effects of the inventory cost flow assumptions.

47p koxih_kothogmih6 22-09-2020 23 0   Download

Lecture 21 - Inventory Fundamentals. The contents of this chapter include all of the following: Inventory fundamentals, aggregate inventory management, how company use their inventory, objectives of inventory management, relevant inventory cost, inventory function, types of inventory, material flow, functions of inventory, inventory cost, inventory turns.

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