会计学原理-第五章.ppt

Chapter5AccountingforMerchandisingOperations

ConceptualLearningObjectives

C1:DescribemerchandisingactivitiesandidentifyincomecomponentsforamerchandisingcompanyC2:IdentifyandexplaintheinventoryassetofamerchandisingcompanyC3:DescribebothperpetualandperiodicinventorysystemsC4:Analyzeandinterpretcostflowsandoperatingactivitiesofamerchandisingcompany

AnalyticalLearningObjectives

A1:Computetheacid-testratioandexplainitsusetoassessliquidityA2:Computethegrossmarginratioandexplainitsusetoassessprofitability

ProceduralLearningObjectives

P1:AnalyzeandrecordtransactionsformerchandisepurchasesusingaperpetualsystemP2:AnalyzeandrecordtransactionsformerchandisesalesusingaperpetualsystemP3:PrepareadjustmentsandcloseaccountsforamerchandisingcompanyP4:Defineandpreparemultiple-stepandsingle-stepincomestatementsP5:Appendix5A:Recordandcomparemerchandisingtransactionsusingbothperiodicandperpetualinventorysystems

MerchandisingActivitiesServiceorganizationsselltimetoearnrevenue.

Examples:Accountingfirms,lawfirmsandplumbingservicesRevenuesExpensesMinusNet

incomeEqualsC1

ManufacturerWholesalerRetailerCustomerMerchandisingCompaniesMerchandisingActivitiesC1

ReportingIncomeofaMerchandiserMerchandisingcompaniessellproductstoearnrevenue.Examples:sportinggoods,clothing,andautopartsstoresCostof

GoodsSoldGross

ProfitExpensesNet

IncomeNet

SalesMinusEqualsMinusEqualsP2

OperatingCycleforaMerchandiserBeginswiththepurchaseofmerchandiseandendswiththecollectionofcashfromthesaleofmerchandise.PurchasesMerchandise

inventoryCreditsalesAccount

receivableCash

collectionPurchasesMerchandise

inventoryCash

salesCashSaleCreditSaleC2

InventorySystems++Beginning

inventoryNetcostof

purchasesMerchandise

availableforsaleEndinginventoryCostofgoods

sold=C3

MerchandisePurchasesOnJune20,Jason,Inc.purcha