Tài liệu Khối Ngành Kinh Tế

Chi phí là tổng giá trị các khoản làm giảm lợi ích kinh tế trong kỳ kế toán dưới hình thức các khoản tiền chi ra, các khoản khấu trừ tài sản hoặc phát sinh các khoản nợ dẫn đến làm giảm vốn chủ sở hữu, không bao gồm khoản phân phối cho cổ đông hoặc chủ sở hữu.  Lên quan đến việc giảm bớt tài sản hoặc tăng nợ phải trả và,  Chi phí phải xác ...

15 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 589 | Lượt tải: 0

It often happens that cash payments of equal amounts are made periodically throughout a period of time. A flow of cash payments of equal amounts paid at periodic intervals is called an annuity. If these payments are made at the end of each period it is called an ordinary annuity or annuity in arrears.

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Required for financial statements by SFAS 95 (1987). Primary purpose is to provide relevant information about cash receipts and cash disbursements of the company during the period. Serves to complement the other financial statements. Focus is on cash flows, not income. Reconciles the balance sheet and the income statement.

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Financing and Investing transactions: Involve setting up a company so it can conduct operations Operating transactions: Entail the actual conduct of operations (normal everyday core activities)

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Preferred shareholders have rights not shared by common shareholders. Receipt of dividends – confers the right, if dividends are declared by the corporation’s board of directors Cumulative preferred stock means that missed dividends must be paid at a later date (dividends in arrears) Claims on assets in case of liquidation – higher priority than...

52 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 543 | Lượt tải: 0

Companies under U.S. GAAP and IFRS may choose to use the fair market value option vs. the effective interest method. Most companies choose to disclose the fair market value of the debt in the notes to the financials rather than to revalue the liability. Companies also disclose in the notes other financial instruments such as the guarantee of cre...

49 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 528 | Lượt tải: 0

Warranties A promise by a manufacturer or seller to ensure the quality or performance of the product for a specific period of time Record estimated expense and liability when products are sold (matching concept): Warranty Expense xx Contingent Warranty Liability xx As costs are incurred (usually in subsequent periods), charge expenditure to w...

40 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 511 | Lượt tải: 0

Acquisition cost is the fair market value (FMV) of the acquired asset or the FMV of what was given up to acquire the asset. FMV of what is given up is typically used as this is frequently cash. General Rule: Capitalize (add to an asset account) the costs to acquire the asset and bring it to its serviceable or usable condition and location. Dr. A...

49 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 503 | Lượt tải: 0

Companies may purchase equity securities in small amounts to earn investment income and not exert influence. These are passive investments. Passive investments use the mark-to-market rule. Assets are carried at their current market value. Changes in value of securities are recorded as income or loss on the income statement.

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Applying the lower-of-cost-or-market rule to ending inventory is accomplished by comparing the cost allocated to ending inventory with the market value of the inventory. If the market value exceeds the cost, no adjustment is made and the inventory remains at cost. If the market value is less than the cost, the inventories are written down to market...

45 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 490 | Lượt tải: 0