'Realizable value' presentation slideshows

Chapter 9

Chapter 9. Translation Of Foreign Currency Transactions. The Need For Translation. Foreign Currency Transaction Buying or selling goods or services Borrowing or lending money denominated in a foreign currency Acquiring investments that must be paid for in a foreign currency

1.03k views • 82 slides

Receivables

8. Receivables. 1. Describe the common classes of receivables. 8-2. 1. Classification of Receivables. The term receivables includes all money claims against other entities, including people, business firms, and other organizations. 1. Classification of Receivables.

959 views • 71 slides

Chapter 6

Chapter 6. Reporting and Interpreting Sales Revenue, Receivables, and Cash. Accounting for Sales Revenue. The revenue principle requires that revenues be recorded when earned:. An exchange has taken place. The earnings process is nearly complete. Collection is probable. Reporting Net Sales.

1.01k views • 68 slides

Chapter 8

Chapter 8. Interests In Joint Ventures. Joint Venture Defined. Paragraph 3055.03(c) A joint venture is an economic activity resulting from a contractual arrangement whereby two or more venturers jointly control the economic activity. Other Terminology.

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Assets

558 views • 35 slides

Cost Allocation: Joint Products and By-products

Cost Allocation: Joint Products and By-products. ACCT7320 Dr. Bailey Tuesday, September 29, 2009. Nature of Cost Allocations. Pervasive in accounting Across time (depreciation) Between departments (e.g., service depts ) To products, customers, branch offices, etc. Often arbitrary

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CHAPTER 16

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Chapter 3: The Measurement Fundamentals of Financial Accounting

Chapter 3: The Measurement Fundamentals of Financial Accounting. Basic assumptions are foundations of financial accounting measurements The basic assumptions are Economic entity Fiscal period Going concern Stable dollar. Basic Assumptions.

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COST AND MANAGEMENT ACCOUNTING

COST AND MANAGEMENT ACCOUNTING. METHODS. P.RAJU IYER.

337 views • 21 slides

The Gross profit method may be used to estimate ending inventory

The Gross profit method may be used to estimate ending inventory. For annual financial reporting purposes For interim financial reporting purposes If no physical count of inventory is possible For both B and C. Gross profit method.

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Inventory Valuation Issues

Inventory Valuation Issues. Sid Glandon, DBA, CPA Associate Professor of Accounting. Lower of Cost or Market. Historical cost principle is violated Conservative approach Recognize loss in period incurred not the period that the sale is made Lower of cost or market The lesser of Cost, or

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Team Dynamics and Effectiveness

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Cash

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Hyperinflation: IAS 29

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Receivables

Receivables. By Rachelle Agatha, CPA, MBA. Slides by Rachelle Agatha, CPA, with excerpts from Warren, Reeve, Duchac. 0. Objectives:. Describe the common classifications of receivables. Describe the nature of and the accounting for uncollectible receivables.

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Wacky Warning Labels (from www.wackywarnings.com)

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BSAD 221 Introductory Financial Accounting Donna Gunn, CA

BSAD 221 Introductory Financial Accounting Donna Gunn, CA. Service revenue $ XXX Expenses Operating and administrative expense X Depreciation expense X Income tax expense X Net income $ X. Revenue $ 703.2 Cost of goods sold 419.8

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