tailieunhanh - Lecture Financial reporting for managers: A value-creation perspective - Chapter 7

Chapter 7 Operating transactions - revenues, expenses, and working capital. The following will be discussed in this chapter: Income statement: disclosure and presentation; operating revenues and expenses; other revenues and expenses; interest expense, net; disposal of a business segment – discontinued operations;. | CHAPTER 7 Operating Transactions—Revenues, Expenses, and Working Capital Working Capital Current assets minus current liabilities. Provides needed liquidity. Requires costly financing via long-term debt or equity. Current operating assets are intended to be used or converted into cash within a year (or the company’s operating cycle, if longer). Current operating liabilities are expected to require the use of current assets (or creation of other current liabilties). Cash Cash restrictions. Cash management. Cash control. Accounts Receivable and Revenue Recognition Managing receivables. Valuing receivables on the balance sheet. Accounting for bad debts. Estimate bad debts. Record a charge against income Bad debt write-off. Accounts receivable control and aging schedules. Inventory Acquire inventory. Carry inventory. Sell inventory. Ending inventory. Four Important Issues Acquiring Inventory What costs to capitalize? What units to include? What | CHAPTER 7 Operating Transactions—Revenues, Expenses, and Working Capital Working Capital Current assets minus current liabilities. Provides needed liquidity. Requires costly financing via long-term debt or equity. Current operating assets are intended to be used or converted into cash within a year (or the company’s operating cycle, if longer). Current operating liabilities are expected to require the use of current assets (or creation of other current liabilties). Cash Cash restrictions. Cash management. Cash control. Accounts Receivable and Revenue Recognition Managing receivables. Valuing receivables on the balance sheet. Accounting for bad debts. Estimate bad debts. Record a charge against income Bad debt write-off. Accounts receivable control and aging schedules. Inventory Acquire inventory. Carry inventory. Sell inventory. Ending inventory. Four Important Issues Acquiring Inventory What costs to capitalize? What units to include? What costs to attach? Carrying Inventory Technology has made this much easier than in the recent past. Bar codes facilitate recording of each inventory transaction. Perpetual Method Sell Inventory Which cost flow assumption? LIFO FIFO Average Specific identification Cost flow assumption affects cost of goods sold on the income statement. Inventory Cost Flow Assumptions: Effects of the Financial Statements The effect of the cost flow assumption varies depending on whether the inventory costs are increasing or decreasing. In an environment where costs are rising, FIFO will cause profits to be higher than the average method, and LIFO will cause profits to be lower than average method. Observations about LIFO Liquidations The LIFO assumption rarely matches the actual flow of costs. Use of LIFO has the effect of creating “layers” of inventory, based on the years during which the inventory levels grew . In years during which inventory decreases, the effect on .

• Ngân hàng - Tín dụng
• Financial reporting
• Financial reporting for managers
• Financial statements
• Operating transactions
• Operating revenues
• Accounting methods
• The impact of creative accounting methods on earnings per share
• Creative accounting methods on earnings per share
• Earnings per share
• The Amman Stock Exchange
• corporate audit
• the audit regime
• accounting
• statistics
• accounting salaries
• business ghiep accounting
• audit documents
• the accounting
• auditing
• business
• vouchers
• Issues in financial accounting
• Financial accounting
• Accounting standards
• Fair value measurement
• Current assets
• Institutional arrangements
• Setting accounting standards
• The choice of accounting methods
• Employee benefits
• Kế toán tài chính
• Fundamentals of financial accounting
• Accounting equation
• Business decision
• Lecture Financial accounting
• Inventory costing methods
• Periodic inventory system
• Calculate inventory
• International accounting
• Lecture International accounting
• Foreign currency financial statements
• Translation methods
• Current rate methods
• Balance sheet exposure
• Intermediate accounting
• Lecture Intermediate accounting
• Explain special depreciation methods
• Decreasing charge methods of depreciation
• Compare activity
• The depreciation process
• Teaching accounting
• Innovating methods of teaching accounting
• Auditing to Laotian students
• Abroad learning Laotian students
• Relating to teachers
• Merchandise inventory
• Accounting principles
• Inventory accounting
• business accounting
• Inventory cost flows
• Inventory methods
• Perpetual inventory system
• Lecture Accounting
• Managerial accounting
• Accounting information
• Financial statement presentation
• Interest calculation methods
• Accounting History
• Environmental Accounting
• Finance Research
• Analysing Data
• Research Process
• Practice Accounting
• Accounting regime
• Administrative unit
• Accounting basis
• International economic integration
• Vietnamese public accounting system
• Public finance managers
• Ebook Classical cooking the modern way
• Classical cooking the modern way: Methods and techniques
• Meal composition
• Basic kitchen accounting terms
• Cooking techniques
• Basic cooking methods
• Braising tender meat pieces