TABLE OF CONTENTS - CHAPTER 11 I. CHAPTER 11 – INVENTORY 1 II. OVERVIEW AND OBJECTIVES 1 A. Overview 1 B. Objectives 1 III. DEFINITION OF INVENTORY 1 IV. INTERNAL CONTROLS 2 V. ESTABLISHING AND MAINTAINING AN INVENTORY 2 VI. VALUING THE INVENTORY 4 A. FIFO 5 B. Weighted Average 6 VII. YEAR-END PHYSICAL INVENTORY 7 VIII. EXHIBITS 8 CHAPTER 11 – INVENTORY The purpose of this chapter of The Guide is to explain the concept of inventory and to discuss the policies‚ guidelines
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4 (brown-grayblack) 18 Ω 17.1 Ω - 18.9 Ω 18.1 Ω 0.5% color code # 5 (green-bluebrown) 560 Ω 532 Ω - 588 Ω 550 Ω 1.78% ! Calculations :! color code accepted value : ! #1 : R : (5 × 10 + 6) × (100) = 5600 Ω! #2 : R : (1 × 10 + 0) × (10³) = 10000 Ω! #3 : R : (8 × 10 + 2) × (10) = 820 Ω! #4 : R : (1 ×10 + 8) × (10 ⁰) = 18 Ω! #5 : R : (5 × 10 + 6) × (10¹) = 560 Ω! Tolerance : ! #1 : (5600 Ω × 5) / 100 = 280 Ω! (5600 - 280) - (5600 + 280) = 5320 Ω - 5880 Ω! #2 :
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THE CHINESE UNIVERSITY OF HONG KONG School of Accountancy ACCT 3111 Financial Reporting I Sections A (Mon 08:30 – 11:15 pm) & B (Wed 08:30 – 11:15 pm) & C (Fri 08:30 – 11:15 am) (First Term‚ 2014-2015) INSTRUCTOR Name: CHIU‚ Peng-Chia Office: Room 1015‚ 10/F‚ Cheng Yu Tung Building Telephone: 3943-7835 Email: chiupc@cuhk.edu.hk Office hour: Friday 3:30-5 pm or by appointment Course website: https://elearn.cuhk.edu.hk TEACHING ASSISTANT Name: Wilburn Tsang Office Location: Room 1049‚ 10/F
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BDP 301: Principles of Business Syllabus November 25‚ 2009 version The University of Texas at Austin School of Undergraduate Studies Professor Michael Brandl (See information below) Unique: 63610 Spring 2010 Lecture: 2:00-3:15pm TTh in GSB 2.126 Professor Contact Information Email: michael.brandl@mccombs.utexas.edu Office: CBA 2.212 Office Hours: Tu Th 12:30 to 2pm and by appointment Office Phone: 512-232-3355 Course Description The vast majority of non-business majors will‚ at some point
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Review sheet Test 2 Chapters 4 & 5 (33 Multiple choice) Chapter 4 ▪ Definitions or calculations presentation on financial statements- Net Sales‚ COGS‚ gross profit‚ selling and administrative expenses o Sale - sale discount = Net sales o Net sale – COGS = Gross profit o Sale discount + net sale= sale o Sale – net sale = sale dis o Net sale – gross profit= COGS New asset -> inventory Expense -> COGS Revenue -> sales Contra revenue (debit)
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information‚ 4‚consequence providing wrong information to users. 2. How is materiality (and immateriality) related to the proper presentation of financial statements? Start with what is materiality Proper presentation of FS is complying with acct standards‚ true information. in terms of true and fair the amount is correct‚ no mistake. Any mistake‚ which like is more than this level‚ we will considered as material mistake‚ and auditor can collect and find evidence all the amount and transactions
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edu/owl/resource/664/01/ APA Formatting and Style Guide. https://owl.english.purdue.edu/owl/resource/560/1/ APA InText Citations: The Basics https://owl.english.purdue.edu/owl/resource/560/02/ APA Reference List: Basic Rules https://owl.english.purdue.edu/owl/resource/560/05/ APA Reference List: Electronic Sources (Web Publications) https://owl.english.purdue.edu/owl/resource/560/10/ Question 1: Fill in the blank “ When using APA format‚ follow the ______________ method of intext citation
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Prepare to update your instructor on your team’s progress on Learning Team assignments. a) The Straight-Line 2800/4 = 700 The arithmetic sequence: 700‚ 700‚ 700‚ 700 4(2800)/10 = 1120 ‚ 3(2800)/10 = 840 ‚ 2(2800)/10 = 560 ‚ 1(2800)/10 = 280 Arithmetic sequence: 1120‚ 840‚ 560‚ 280 The value of the computer drops $2800 in 4 years (from $3000 to $200). So in turn using the straight-line method this is $700 per year since 2800/4 = 700. The sequence of depreciation amounts is listed in the depreciation
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FREQUENTLY ASKED QUESTIONS OFFER RELATED: I have already communicated my acceptance of the Offer of Employment over an email. Do I still have to bring the duly signed hard copy of the offer letter? Yes‚ as a token of acceptance of the Offer of Employment‚ it is mandatory for you to bring a signed copy of the same on the date of joining. I have not yet received the hardcopy of the offer letter. Whom do I contact in this regard? Normally‚ the hard copy of the offer letter is dispatched shortly
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The Human Resource Management Concentration is designed to prepare students for a career in the HR field. Graduates of the program will possess the basic‚ technical‚ theoretical and application skills required for HR positions in industry‚ government and nonprofit organizations. What is Human Resource Management? • HRM includes all management decisions and practices that directly impact or influence the people who work for an organization. • HRM recognizes that employees enable an organization
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