Chapter 9 inventories: additional issues Sommers ACCT 3311

Jan 02, 2013

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Chapter 9 inventories: additional issues Sommers ACCT 3311

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Reporting and Analyzing Long-Term Assets

8. Reporting and Analyzing Long-Term Assets. Chapter. UAA – ACCT 201 Principles of Financial Accounting Dr. Fred Barbee. ACCT 201 ACCT 201 ACCT 201. Day #2. IS FUN!. ACCOUNTING. Chapter 8 - Day 2 - Agenda.

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Issues relating to GHG, Sectors and Source Categories in IPCC Inventory Guidelines. AWG5 - Kyoto Protocol Bangkok, April 2008. National Inventories of GHG. IPCC evolutionary approach for national inventories of GHGs 1995 IPCC Guidelines for National Greenhouse Gas Inventories

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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 Inventories

Chapter 9 Inventories. 1. Internal Control of Inventories 2. Effect of Inventory Errors 3. Inventory Cost Flow Assumptions 4. Perpetual Inventory Costing Methods 5. Periodic Inventory Costing Methods 6. Comparing Inventory Costing Methods 7. Inventory Valuation Other Than Cost

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Reporting and Analyzing Inventories

5. Reporting and Analyzing Inventories. Chapter. UAA – ACCT 201 Principles of Financial Accounting Dr. Fred Barbee. ACCT 201 ACCT 201 ACCT 201. Day #1. IS FUN!. ACCOUNTING. Chapter 5 - Day 1 - Agenda.

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INVENTORIES: ADDITIONAL ISSUES

Chapter 9. INVENTORIES: ADDITIONAL ISSUES. Reporting -- Lower of Cost or Market. GAAP requires that inventories be carried at cost or current market value, whichever is lower. LCM is a departure from historical cost. Determining Market Value. Market Should Not Exceed Net Realizable

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Perspective on Investing

Perspective on Investing. Chapter 10 acquisition and disposition of property, plant and equipment Sommers – ACCT 3311. Expected to Benefit Future Periods. Tangible Property, Plant, Equipment & Natural Resources. Types of Operational Assets. Long-lived, Revenue-producing Assets.

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Additional Consolidation Reporting Issues

Chapter 10. Additional Consolidation Reporting Issues. General Overview. This chapter discusses the following general financial reporting topics as they relate to consolidated financial statements: The consolidated statement of cash flows Consolidation following an interim acquisition

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Concept Inventories

Concept Inventories. What is a concept inventory? How are concept inventories built? How many concept inventories are there in biology? Are concept inventories the “silver bullet”? How might you use a concept inventory in your SoTL project?. Jim Smith Michigan State University

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Chapter Objectives

Chapter Objectives. Introduce the different types of inventories that exist in a company and provide a rationale for why companies maintain inventories. Identify the various costs associated with carrying and maintaining inventories.

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UNIT-2 Acct - 103. College of Business Administration, Al-Kharj Salman Bin Abdulaziz University KINGDOM OF SAUDI ARABIA. Unit – II (Acct-103) Accounting System: Classifications of accounts, Double Entry system, Accounting Equations. AFTER THIS CHAPTER, YOU WOULD BE ABLE TO KNOW:.

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ACCT 302, FALL 1998

ACCT 302, FALL 1998 The following slides cover the tentatively planned Exam 2 Exercises and Problems Ch.15, Ch.16, & partial Ch.17 Chapter 15 Chapter 16 Chapter 17 (partial) Ex 15-2 E16-1 Ex 17-1 Ex 15-3 E16-5 Ex 17-2 Ex 15-4 E16-6 Ex 17-8 Ex 15-5 E16-17 Ex 17-18

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Chapter 8 VALUATION OF INVENTORIES: A COST-BASIS APPROACH Sommers – ACCT 3311

Chapter 8 VALUATION OF INVENTORIES: A COST-BASIS APPROACH Sommers – ACCT 3311. Discussion Question. Q8-6 Goods out on approval to customers Goods in transit that were recently purchased f.o.b. destination Land held by a realty firm for sale R aw Materials

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Chapter Nine Inventory: Additional Issues

Chapter Nine Inventory: Additional Issues. LCM is a departure from historical cost and is a conservative accounting method. Lower of Cost or Market (LCM). GAAP requires that inventories be carried at cost or current market value, whichever is lower. Determining Market Value. Net Realizable

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Inventories

Chapter 9. Inventories. Objectives. Discuss the nature of inventories and how to measure them Explain what is included in the cost of inventory Explain cost flow assumptions and apply both FIFO and weighted average cost formulas

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Asset Valuation

Asset Valuation. Inventories (HKSSAP 22) Valuation of Stock. Introduction. Hong Kong statement of Standard accounting Practice (2.122) – Inventories (i.e. Stock) is to prescribe the accounting treatment for inventories. Inventories. Inventories are assets:

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Inventories

Inventories. http://www.cc.cec/budg/. Overview of session. 1. Scope of application and key concepts. 2. Recognition and measurement. 3. Disclosures. 4. E.C. specific implications. 5. Questions. Inventories. 1. Scope of application and key concepts. Definition. Inventories are assets:

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Inventories

7. Inventories. 0. After studying this chapter, you should be able to:. Describe the importance of control over inventory. Describe three inventory cost flow assumptions and how they impact the income statement and balance sheet. 0. After studying this chapter, you should be able to:.

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ECO 3311 Ch 11: Monetary Policy

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