TAILIEUCHUNG - Lecture International accounting: Chapter 4 - Nguyễn Quốc Nhất

Lecture "International accounting - Chapter 4: Merchandising operations" has content: What are merchandising operations, accounting for inventory in the perpetual system, adjusting and closing the accounts of a merchandiser, preparing a merchandiser’s financial statements, three ratios for decision making. | International accounting Chapter 4: Merchandising Operations LOGO Chapter 4 MA. Nguyen Quoc Nhat Learning Objectives 1. Describe and illustrate merchandising operations and the two types of inventory systems 2. Account for the purchase of inventory using a perpetual system 3. Account for the sale of inventory using a perpetual system 4. Adjust and close the accounts of a merchandising business 5. Prepare a merchandiser’s financial statements 6. Use gross profit percentage, inventory turnover, and days in inventory to evaluate a business 7. Account for the sale of inventory using a periodic system 8. Prepare worksheets for a merchandiser Company Logo Chapter ‘s content What Are Merchandising Operations? Accounting for Inventory in the Perpetual System Adjusting and Closing the Accounts of a Merchandiser Preparing a Merchandiser’s Financial Statements Three Ratios for Decision Making MA. NguyenQuocNhat Company Logo 1 International accounting Chapter 4: Merchandising Operations What Are Merchandising Operations? Company Logo What Are Merchandising Operations? The operating cycle of a merchandiser is as follows : 1. It begins when the company purchases inventory from a vendor. 2. The company then sells the inventory to a customer. 3. Finally, the company collects cash from customers. Company Logo What Are Merchandising Operations? Inventory Systems: There are two main types of inventory accounting systems: ● Periodic system ● Perpetual system MA. NguyenQuocNhat Company Logo 2 International accounting Chapter 4: Merchandising Operations What Are Merchandising Operations? Inventory Systems: There are two main types of inventory accounting systems: ● Periodic system - the business physically counts its inventory periodically to determine the quantities on hand ●

• Kế toán - Kiểm toán
• Lecture International accounting
• International accounting
• Merchandising operations
• The perpetual system
• The accounts of a merchandiser
• Merchandiser’s financial statements
• International convergence
• Financial reporting
• International accounting standard
• International federation of accountants
• Comparative accounting
• Accounting environment
• Accounting profession
• Accounting regulation
• Kế toán quốc tế
• Bài giảng Kế toán quốc tế
• International taxation
• International business decisions
• Corporate income tax
• Tax jurisdiction
• Corporate governance
• International trends
• International diversity
• The adjusting process
• Accrual accounting versus cash basis
• Other accounting principles
• Two categories of adjusting entries
• The adjusted trial balance
• Completing the accounting cycle
• The worksheet
• Closing the accounts
• Classifying assets
• Liabilities and payrol
• Current liabilities of known amount
• Current liabilities
• Accounting for payroll
• Worldwide accounting diversity
• Accounting diversity
• Inflation accounting
• Inflation accounting internationally
• Consolidated financial statements
• Foreign capital markets
• Financial statements
• Auditing research
• Accounting research
• International research
• Environment of international research
• International accounting environment
• International accounting standards board
• Merchandise inventory
• Accounting principles
• Inventory costing methods
• Inventory accounting
• International business
• Foreign customer
• International financial reporting standards
• Intangible assets
• International transfer pricing
• Cost minimization
• International corporate social reporting
• Corporate social reporting
• Foreign exchange risk
• Foreign direct investment
• Intangibles acquired
• Internally generated intangibles
• Performance evaluation
• Transfer pricing
• External reporting
• Regulating CSR practices