소개글
Inventories 보고서에 대한 자료입니다.
본문내용
Inventories
Contents
① Determining inventory quantities.
② The accounting for inventories and the inventory cost flow methods.
③ The financial effects of the inventory cost flow assumptions.
④ The lower-of-cost-or-market basis
⑤ The effects of inventory errors on the financial statements.
⑥ The inventory turnover ratio.
Accounting Terms
income statement
손익계산서
balance sheet
대차대조표
financial statement
재무제표
periodic inventory system 실질재고조사법
Perpetual inventory system 계속기록법
Specific identification
개별법
Goods in transit 미착상품
Consigned goods 위탁상품
Days in Inventory
재고자산회수기간
Lower-of-cost-or-market
저가기준
accounting receivable 매출 채권
cash sales 현금매출
credit sales 신용판매(외상판매)
net sales 순 매출액
cost of goods purchased
구입원가
Beginning/ ending inventory
기초/기말 재고액
sales revenue 매출수입
①Determining inventory Quantities
Perpetual inventory method
Periodic inventory method
Goods in transit
To arrive at an accurate count, the company must determine ownership of goods in transit.
Because the company may have purchased goods that have not been received, or it may have sold goods that have not yet been delivered.
Goods in transit should be included in the inventory of the company that has legal title to the goods
FOB Shipping Point &Destination