TAILIEUCHUNG - Ebook Financial accounting (9/E): Part 2

(BQ) Part 2 book “Financial accounting” has contents: Reporting and interpreting cost of goods sold and inventory, reporting and interpreting liabilities, reporting and interpreting bond securities, analyzing financial statements, and other contents. | Reporting and Interpreting Cost of Goods Sold and Inventory T he Harley-Davidson eagle trademark was once known best as a popular request in tattoo parlors. Now, Harley-Davidson dominates the heavyweight motorcycle market in North America with a percent market share. Harley is also a market leader in Canada, Japan, and Australia and is a growing presence in Europe. But the heavyweight king took a major hit from the worldwide economic downturn that started in 2008. Harley responded with an aggressive plan to enhance profitability through continuous improvement in manufacturing, product development, and business operations. These plans are aimed at shortening product development lead times and implementing flexible manufacturing at its Wisconsin, Missouri, and Pennsylvania facilities, which reduce costs and allow the company to better respond to the needs of the dealer network. Controlling inventory quality, quantities, and cost are key to maintaining gross profit margin. Introducing new products to stay ahead of major competitors Honda and BMW and providing a premium dealer experience to all of Harley’s customers will also increase gross margin. Finally, selecting appropriate accounting methods for inventory can have a dramatic effect on the amount Harley-Davidson pays in income taxes. Harley produced strong financial Lea r ni ng Obj ec ti ves After studying this chapter, you should be able to: 7-1 Apply the cost principle to identify the amounts that should be included in inventory and the expense matching principle to determine cost of goods sold for typical retailers, wholesalers, and manufacturers. 7-2 Report inventory and cost of goods sold using the four inventory costing methods. 7-3 Decide when the use of different inventory costing methods is beneficial to a company. 7-4 Report inventory at the lower of cost or market (LCM). 7-5 Evaluate inventory management using the inventory turnover ratio. 7-6 Compare companies

• Y khoa - Dược
• Financial accounting
• Reporting and interpreting cost
• Interpreting bond securities
• Analyzing financial statements
• Interpreting liabilities
• Issues in financial accounting
• Kế toán tài chính
• Financial statements
• Accounting standards
• Financial reporting
• Financial Accounting Standards Board
• Fundamental financial accounting
• Lecture Fundamental financial accounting concepts
• Financial statement
• Accounting cycle
• Accounting for accruals
• Lecture Financial accounting
• Accounting system
• Accounting activities
• Financial accounting practice
• Accounting information system
• Accounting terminology
• Reporting financial results
• Evaluating liquidity
• Business firms
• The financial reporting reform
• Accounting information
• Management accounting
• Accounting equation
• Accounting systems
• Decision making
• External financial reporting
• Accounting for business
• Lecture Accounting for business
• Financial accounting reports
• Statement of financial performance
• Accrual accounting systems
• Statement of financial position
• Mastering financial accounting essentials
• Financial accounting essentials
• Accrual accounting
• Income statement
• Accounting conventions
• Internal control
• Accounting for cash
• Accounting for receivables
• Computing uncollectible accounts expense
• Long term debt
• Accounting for long term debt
• Paper F3
• Revision kit 2016
• Accounting Financial
• Accounting Financial Review
• Financial Review accounting exam
• Study text 2016
• Language of business
• Double entry accounting system
• Credit terminology
• Merchandising businesses
• Accounting for merchandising businesses
• Accounting for inventories
• Cash discounts
• The accounting cycle
• International financial reporting standards
• Completing the accounting cycle
• Accounting worksheet
• Classified balance sheet