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ID:51498172
大小:1.16 MB
页数:45页
时间:2020-03-25
《会计学原理 第五章.ppt》由会员上传分享,免费在线阅读,更多相关内容在行业资料-天天文库。
1、Chapter5AccountingforMerchandisingOperationsConceptualLearningObjectivesC1:DescribemerchandisingactivitiesandidentifyincomecomponentsforamerchandisingcompanyC2:IdentifyandexplaintheinventoryassetofamerchandisingcompanyC3:DescribebothperpetualandperiodicinventorysystemsC4:Analyzean
2、dinterpretcostflowsandoperatingactivitiesofamerchandisingcompanyAnalyticalLearningObjectivesA1:Computetheacid-testratioandexplainitsusetoassessliquidityA2:ComputethegrossmarginratioandexplainitsusetoassessprofitabilityProceduralLearningObjectivesP1:Analyzeandrecordtransactionsform
3、erchandisepurchasesusingaperpetualsystemP2:AnalyzeandrecordtransactionsformerchandisesalesusingaperpetualsystemP3:PrepareadjustmentsandcloseaccountsforamerchandisingcompanyP4:Defineandpreparemultiple-stepandsingle-stepincomestatementsP5:Appendix5A:Recordandcomparemerchandisingtran
4、sactionsusingbothperiodicandperpetualinventorysystemsMerchandisingActivitiesServiceorganizationsselltimetoearnrevenue.Examples:Accountingfirms,lawfirmsandplumbingservicesRevenuesExpensesMinusNetincomeEqualsC1ManufacturerWholesalerRetailerCustomerMerchandisingCompaniesMerchandisin
5、gActivitiesC1ReportingIncomeofaMerchandiserMerchandisingcompaniessellproductstoearnrevenue.Examples:sportinggoods,clothing,andautopartsstoresCostofGoodsSoldGrossProfitExpensesNetIncomeNetSalesMinusEqualsMinusEqualsP2OperatingCycleforaMerchandiserBeginswiththepurchaseofmerchandi
6、seandendswiththecollectionofcashfromthesaleofmerchandise.PurchasesMerchandiseinventoryCreditsalesAccountreceivableCashcollectionPurchasesMerchandiseinventoryCashsalesCashSaleCreditSaleC2InventorySystems++BeginninginventoryNetcostofpurchasesMerchandiseavailableforsaleEnding
7、inventoryCostofgoodssold=C3MerchandisePurchasesOnJune20,Jason,Inc.purchased$14,000ofMerchandiseInventorypayingcash.P1TradeDiscountsUsedbymanufacturersandwholesalerstoofferbetterpricesforgreaterquantitiespurchased.ExampleMatrix,Inc.offersa30%tradediscountonordersof1,000unitsormore
8、oftheirpopularproductRacer.EachRa
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