This chapter discusses the role of inventories in accounting. The valuation of inventories of current assets raises a number of questions of accounting theory. The quantities and values of stocks of raw materials and finished goods and the value of working progress at the beginning and ending of ...
访问沪江小D查看accounting for inventories的更多详细解释> 参考例句 The period inventory system is typically used to account for inventory items that have a low unit cost.定期盘存制主要用于对单位成本较低的行货项目进行会计处理。 Therefore, the estimated cost of this coal is debited to the Inventory...
1、Chapter 4Accounting for Inventories and merchandising sales存货和商品销售的会计核算Key WordslCash discount 现金折扣lCost of goods sold 商品销售成本lCredit memorandum 贷记通知单lCredit period 信用期限lCredit terms 信用条件lDebit memorandum 借记通知单lDiscount period 折扣期lEOM (End of month)月末Key...
4) accounting principle 会计原则 1. An analysis of the constraint of accounting principles in financial management; 会计原则在会计账务处理中的制约因素分析 2. The a rticle has explained the impact on accounting realm of knowledge economy from the respects,such as ac countant s supposing,...
In inventory accounting,cost is the sum of the expenditures and charges,direct and indirect,in bringing goods to their required condition or location. SR1:Precious metal and farm Products Net Realizable Value(NRV)is an item‘s net selling price less the costs to complete and dispose of the in...
Accounting Inventories InventoriesInventories consist of raw material, work-in-process and finished goods which are held by a business in ordinary course of business, either for sale or for the purpose of using them in the process of producing goods and services....
aWork processes, inventories, and accounting should be subject to regularly scheduled and announced internal audits. In addition, unscheduled -- or surprise -- internal audits also should be conducted. Work processes, inventories, and accounting can be altered in advance of regular audits, but knowin...
They are usually written down to their NRV on an item-by-item basis; however, in certain conditions, also by a group of similar or related items. 展开 关键词: International Accounting Standard 2 IAS 2 inventories cost formulas financial instruments net realizable value NRV accounting treatment ...
2. (Accounting & Book-keeping) (often plural) accounting chiefly a. the amount or value of a firm's current assets that consist of raw materials, work in progress, and finished goods; stock b. such assets individually vb, -tories, -torying or -toried (tr) to enter (items) in an...
International Accounting Standard 2 (IAS 2) definesinventoriesas the “assets: (a) held for sale in the ordinary course of business; (b) in the process of production for such sale; or (c) in the form of materials or supplies to be consumed in the production process or in the rendering...