中级财务会计英文第四章课件FAReceivablesPPT资料.ppt
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中级财务会计英文第四章课件FAReceivablesPPT资料.ppt
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,Receivables,Chapter4,IntermediateAccounting12thEditionKieso,Weygandt,andWarfield,Definereceivablesandidentifythedifferenttypesofreceivables.Explainaccountingissuesrelatedtorecognitionandvaluationofaccountsreceivable.Explainaccountingissuesrelatedtorecognitionandvaluationofnotesreceivable.Explainaccountingissuesrelatedtodispositionofaccountsandnotesreceivable.,LearningObjectives,Receivables,others.,Claimsheldagainstcustomersandothersformoney,goods,orservices.,Collectwithinayearorduringthecurrentoperatingcycle.,Currentreceivables,Noncurrentreceivables,Forfinancialstatementpurposes,Tradereceivables,Receivables,Writtenpromisestopayasumofmoneyonaspecifiedfuturedate.,Tradereceivables,Oralpromisesofthepurchasertopayforgoodsandservicessold.,AccountsReceivable,NotesReceivable,Examples:
@#@P141,NontradeReceivables,Advancestoofficersandemployees.Advancestosubsidiaries.Depositstocoverpotentialdamagesorlosses.Depositsasaguaranteeofperformanceorpayment.Dividendsandinterestreceivable.Claimsagainst,RecognitionofAccountsReceivable,Inmostreceivablestransactions,theamounttoberecognizedistheexchangepricebetweenthetwoparties.,Theexchangepriceistheamountduefromthedebtor.债务人所欠金额,Twokindsofdiscountsmaycomplicatethemeasurementoftheexchangeprice:
@#@
(1)Tradediscounts,and
(2)Cashdiscounts.商业折扣现金折扣,TradeDiscounts,Companiesusesuchtradediscountstoavoidfrequentchangesincatalogs,toalterpricesfordifferentquantitiespurchased,ortohidethetrueinvoicepricefromcompetitors.,Tradediscountsarecommonlyquotedinpercentages.,ReductionsfromthelistpriceNotrecognizedintheaccountingrecordsCustomersarebillednetofdiscounts,CashDiscounts/salesdiscounts,Adeductionfromtheinvoicepricegrantedtoinduceearlypaymentoftheamountdue.,Paymenttermsare2/10,n/30,InducementsforpromptpaymentGrossMethodvs.NetMethod,TermsTimeDue,DiscountPeriod,CreditPeriod,2/10,n/30,DiscountPeriod,Otherwise,Net(orAll)isDue,CreditPeriod,DiscountPercent,AccountingforCashDiscounts,GrossMethod,NetMethod,Companiesrecordsalesandrelatedcashdiscountsbyenteringthereceivableandsaleatgrossamount.Companiesrecognizecashdiscountsonlywhentheyreceivepaymentwithinthediscountperiod.,Companiesrecordsalesandreceivablesnet.TheysubsequentlydebitanydiscountsnottakentoAccountsReceivablesandcredittoSalesdiscountsForfeited.,Example:
@#@OnJune3,BenedictCorp.soldtoChesterInc.,merchandisehavingasalepriceof$5,000withtermsof2/10,n/60,f.o.b.shippingpoint.OnJune12,BenedictreceivedacheckforthebalanceduefromChester.PreparerequiredjournalentriesassumingBenedictrecordsthesaleatgross.,Accountsreceivable5,000Sales5,000,June3,Cash($5,000x98%)4,900Salesdiscounts100Accountsreceivable5,000,June12,GrossMethod,Example:
@#@OnJune3,BenedictCorp.soldtoChesterInc.,merchandisehavingasalepriceof$5,000withtermsof2/10,n/60,f.o.b.shippingpoint.OnJune12,BenedictreceivedacheckforthebalanceduefromChester.PreparerequiredjournalentriesassumingBenedictrecordsthesaleatnet.,Accountsreceivable4,900Sales4,900,June3,Cash4,900Accountsreceivable4,900,June12,NetMethod,Example:
@#@OnJune3,BenedictCorp.soldtoChesterInc.,merchandisehavingasalepriceof$5,000withtermsof2/10,n/60,f.o.b.shippingpoint.OnJune29,BenedictreceivedacheckforthebalanceduefromChester.PreparerequiredjournalentriesassumingBenedictrecordsthesaleatnet.,Accountsreceivable5,000Sales5,000,June3,Cash5,000Accountsreceivable5,000,June29,GrossMethod,Example:
@#@OnJune3,BenedictCorp.soldtoChesterInc.,merchandisehavingasalepriceof$5,000withtermsof2/10,n/60,f.o.b.shippingpoint.OnJune29,BenedictreceivedacheckforthebalanceduefromChester.PreparerequiredjournalentriesassumingBenedictrecordsthesaleatnet.,Accountsreceivable4,900Sales4,900,June3,Cash5,000Accountsreceivable4,900Salesdiscountsforfeited100,June29,NetMethod,Acompanyshouldmeasurereceivablesintermsoftheirpresentvalue.Inpractice,companiesignoreinterestrevenuerelatedtoaccountsreceivablebecausetheamountofthediscountisnotusuallymaterial.,NonrecognitionofInterestElement,ValuationofAccountsReceivable,ClassificationValuation(netrealizablevalue可实现净额),thenetamounttheyexpecttoreceiveincash,Determiningnetrealizablevaluerequiresestimatingbothuncollectiblereceivablesandanyreturnsorallowancestobegranted.,ReportingReceivables,UncollectibleAccountsReceivable,AllowanceMethod备抵法Amethodofrecordingcollectionlossesbasedonestimatesofhowmuchmoneythebusinesswillnotcollectfromitscustomers.,DirectWrite-OffMethod直接冲销法Amethodofaccountingforbaddebtsinwhichthecompanywaitsuntilacustomersaccountreceivableprovesuncollectibleandthen
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