Current Assets
Publisher: Bookboon.com
Published: 2013
ISBN-13: 9788776814854
Table of contents: title: Part 1. Special Issues for Merchants; title: 1. The Merchandising Operation - Sales; title: 1.1 Sales; title: 1.2 Sales Returns and Allowances; title: 1.3 Trade Discounts; title: 1.4 Credit Cards; title: 1.5 Cash Discounts; title: 2. Purchase Considerations for Merchandising Business; title: 2.1 Merchandise Acquisition; title: 2.2 Periodic Inventory System; title: 2.3 Purchase Returns and Allowances; title: 2.4 Cash Discount; title: 2.5 Gross Recording of Purchases/Discounts; title: 2.6 Net Recording of Purchases/Discounts Lost; title: 2.7 Comparison of Gross vs. Net; title: 2.8 Freight Charges; title: 2.9 The Calculation of Net Purchases; title: 2.10 Cost of Goods Sold; title: 2.11 Detailed Income Statement for Merchandise Operation; title: 2.12 Closing Entries; title: 3. Alternative Inventory System; title: 4. Income Statement Enhancements; title: 4.1 Analysis of a Detailed Income Statement; title: 5. The Control Structure; title: 5.1 Internal Control in the Merchandising Environment; title: 5.2 Internal Control and the Purchasing Cycle; title: 5.3 Generalizing About Control; title: Part 2. Cash and Highly-Liquid Investments; title: 6. Cash Composition; title: 6.1 Cash Equivalents; title: 7. Cash Management; title: 7.1 Strategies to Enhance Cash Flows; title: 8. Bank Reconciliation; title: 8.1 Comprehensive Illustration of Bank Reconciliation; title: 8.2 Proof of Cash; title: 9. Petty Cash; title: 9.1 Replenishment of Petty Cash; title: 9.2 Cash Short and Over; title: 9.3 Increasing the Base Fund; title: 10. Trading Securities; title: 10.1 An Illustration; title: 10.2 Rationale for Fair Value Accounting; title: 10.3 Alternative: A Valuation Adjustments Account; title: 10.4 Dividend and Interest; title: 10.5 Derivatives; title: Part 3. Accounts Receivable; title: 11. The Costs and Benefits of Selling on Credit; title: 11.1 Credit Sales; title: 11.2 Credit Cards; title: 12. Accounting for Uncollectible Receivables; title: 12.1 Direct Write-off Method; title: 13. Alternative Approaches for Uncollectible; title: 13.1 Determining the Allowance Account; title: 13.2 Writing off Uncollectible Accounts; title: 13.3 Collection of an Account Previously Written off; title: 13.4 Matching Achieved; title: 13.5 Monitoring and Managing Accounts Receivable; title: 14. Notes Receivable; title: 14.1 Accounting for Notes Receivable; title: 14.2 A Dishonored Note; title: 14.3 Notes and Adjusting Entries; title: Part 4. Inventory; title: 15. The Components of Inventory; title: 15.1 Determining Which Goods to Include in Inventory; title: 16. Inventory Costing Methods; title: 16.1 Determining the Cost of Ending Inventory; title: 16.2 Costing Methods; title: 16.3 First-in, First-out Calculations; title: 16.4 Last-in, First-out Calculations; title: 16.5 Weighted-Average Calculations; title: 16.6 Preliminary Recap and Comparison; title: 16.7 Detailed Illustrations; title: 16.8 FIFO; title: 16.9 LIFO; title: 16.10 Weighted-Average; title: 16.11 Comparing Inventory Method; title: 16.12 Specific Identification; title: 17. Perpetual Inventory Systems; title: 17.1 Perpetual FIFO; title: 17.2 Journal Entries; title: 17.3 Perpetual LIFO; title: 17.4 Moving Average; title: 18. Lower of Cost or Market Adjustments; title: 18.1 Measuring Market Value; title: 18.2 Application of the Lower-of-Cost-or-Market Rule; title: 19. Inventory Estimation Techniques; title: 19.1 Gross Profit Method; title: 19.2 Retail Method; title: 20. Inventory Management; title: 21. Inventory Errors