TAILIEUCHUNG - Lecture Survey of accounting - Chapter 3: Accounting for merchandising businesses

The purpose of this chapter is: Identify and explain the primary features of the perpetual inventory system; show the effects of inventory transactions on financial statements; explain the meaning of terms used to describe transportation costs, cash discounts, returns or allowances, and financing costs; explain how gains and losses differ from revenues and expenses;. | McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 3: Accounting for Merchandising Businesses Learning Objectives Identify and explain the primary features of the perpetual inventory system. Show the effects of inventory transactions on financial statements. Explain the meaning of terms used to describe transportation costs, cash discounts, returns or allowances, and financing costs. Explain how gains and losses differ from revenues and expenses. Compare and contrast single and multistep income statements. Show the effect of lost, damaged, or stolen inventory on the financial statements. Use common size financial statements to evaluate managerial performance. Identify the primary features of the periodic inventory system. (Appendix) The learning objectives in this chapter are: Identify and explain the primary features of the perpetual inventory system. Show the effects of inventory transactions on financial statements. Explain the .

• Kế toán - Kiểm toán
• Survey of accounting
• Lecture Survey of accounting
• Accounting for cash
• Accounting cycle
• Merchandising businesses
• Transportation costs
• Financial resources
• Accounting provides information
• Internal controls
• Accounting profession
• Accounting for receivables
• Inventory cost flow
• Accounting for liabilities
• Bonds issued
• Managerial accounting
• Product costing
• Financial statements
• Ledger accounts
• Long term operational assets
• Depreciation method