Tài liệu Kế Toán - Kiểm Toán

Acquisition costs include Purchase price (less cash discounts) All expenditures connected with purchasing the equipment and preparing it for use Freight Insurance in transit Excise taxes and tariffs Buying expenses Installation costs Cost of test runs Equipment is subject to depreciation because it has a limited useful life

105 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 654 | Lượt tải: 0

Apply the perpetual inventory system to the pricing of inventories at cost. State the effects of inventory methods and misstatements of inventory on income determination, income taxes, and cash flows. Apply the lower-of-cost-or-market (LCM) rule to inventory valuation.

89 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 553 | Lượt tải: 0

EFT (Electronic Funds Transfer) A company has cash transferred from its bank to another company’s bank instead of writing checks Wal-Mart Stores, Inc. makes 75% of its payments to suppliers this way Debit cards A customer’s retail purchase is deducted directly from his/her bank account The bank documents transactions for the retailer The reta...

79 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 569 | Lượt tải: 0

is all the policies and procedures management uses to ensure the reliability of financial reporting compliance with laws and regulations and the effectiveness and efficiency of operations

100 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 552 | Lượt tải: 0

World’s largest computer network Any computer in the network can communicate with any other computer in the network Computers connect to the Internet using a modem connected to a phone line A subscription to an Internet service provider (ISP) is necessary America Online (AOL) MCI WorldCom AT&T Local service providers

112 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 626 | Lượt tải: 0

To provide financial information about a company, particularly its ability to generate adequate cash flows Interested parties include Investors Interested in returns from dividends and the market price of their investment Creditors Interested in a company’s ability to repay debt

107 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 598 | Lượt tải: 0

A physical count of all merchandise on hand Required under both the perpetual and periodic inventory systems Under the perpetual inventory system, the actual count is compared to accounting records to determine any shortages that may exist Used to facilitate control over merchandise inventory

116 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 659 | Lượt tải: 0

Relevant data collected by accountants Calculations to determine the amount of Prepaid insurance that has expired Depreciation Inventory of supplies on hand Accrued wages Analyses Preliminary drafts of financial statements

60 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 643 | Lượt tải: 0

The process of determining when revenue is earned and when it should be recorded Four criteria for revenue recognition established by the Securities and Exchange Commission (SEC) Persuasive evidence of an arrangement Delivery has occurred or services have been rendered The seller’s price to the buyer is fixed or determinable Reasonable assuran...

92 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 613 | Lượt tải: 0

July 1: Joan Miller invests $20,000 to start her own advertising agency Increase in assets Increase in owner’s equity Debits increase assets (Cash) Credits increase owner’s equity (Joan Miller, Capital)

106 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 717 | Lượt tải: 0