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intermediate accounting(fifteenth edition) ch08

intermediate accounting(fifteenth edition) ch08
intermediate accounting(fifteenth edition) ch08

CHAPTER 8

Valuation of Inventories: A Cost-Basis Approach ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)

Topics Questions

Brief

Exercises Exercises Problems

Concepts

for Analysis

1. Inventory accounts;

determining quantities,

costs, and items to be

included in inventory;

the inventory equation;

balance sheet disclosure. 1, 2, 3, 4,

5, 6, 8, 9

1, 3 1, 2, 3,

4, 5, 6

1, 2, 3 1, 2, 3, 5

2. Perpetual vs. periodic. 2 9, 13,

17, 20

4, 5, 6

3. Recording of discounts. 10, 11 7, 8 3 4

4. Inventory errors. 7 4 5, 10,

11, 12

2

5. Flow assumptions. 12, 13, 16,

18, 20 5, 6, 7 9, 13, 14,

15, 16, 17,

18, 19, 20,

21, 22

1, 4, 5,

6, 7

5, 6, 7, 8, 11

6. Inventory accounting

changes.

18 7 6, 7, 10

7. Dollar-value LIFO

methods. 14, 15, 17,

18, 19

8, 9 22, 23, 24,

25, 26

1, 8, 9,

10, 11

8, 9

ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE)

Learning Objectives

Questions

Brief

Exercises Exercises Problems

Concepts

for

Analysis

1. Identify major classifications of inventory. 1 1

2. Distinguish between perpetual and

periodic inventory systems. 3 2 4, 9, 13,

17

4, 5, 6

3. Determine the goods included in

inventory and

the effects of inventory errors on the

financial statements. 4, 5, 6, 7 4 5, 10, 11,

12

2 CA8-3,

CA8-5

4. Understand the items to include as

inventory cost. 8 3 1, 2, 3, 4,

5, 6, 7, 8

1, 2, 3 CA8-1,

CA8-2,

CA8-4

5. Describe and compare the cost flow

assumptions used to account for

inventories. 9, 10, 11,

12

5, 6, 7 9, 13, 14,

15, 16, 17,

18, 19, 20,

22

1, 4, 5, 6,

7

CA8-6,

CA8-7,

CA8-10

6. Explain the significance and use of a

LIFO reserve.

13, 18 21 CA8-11

7. Understand the effect of LIFO

liquidations.

20

8. Explain the dollar-value LIFO method. 14, 15, 17,

19 8, 9 22, 23, 24,

25, 26

1, 8, 9,

10, 11

CA8-9

9. Identify the major advantages and

disadvantages

of LIFO. 16 CA8-6,

CA8-8,

CA8-10

10. Understand why companies select given

inventory methods.

2

ASSIGNMENT CHARACTERISTICS TABLE

Item Description Level of

Difficulty

Time

(minutes)

E8-1 Inventoriable costs. Moderate 15–20 E8-2 Inventoriable costs. Moderate 10–15 E8-3 Inventoriable costs. Simple 10–15 E8-4 Inventoriable costs—perpetual. Simple 10–15 E8-5 Inventoriable costs—error adjustments. Moderate 15–20 E8-6 Determining merchandise amounts—periodic. Simple 10–20 E8-7 Purchases recorded net. Simple 10–15 E8-8 Purchases recorded, gross method. Simple 20–25 E8-9 Periodic versus perpetual entries. Moderate 15–25 E8-10 Inventory errors—periodic. Simple 10–15 E8-11 Inventory errors. Simple 10–15 E8-12 Inventory errors. Moderate 15–20 E8-13 FIFO and LIFO—periodic and perpetual. Moderate 15–20 E8-14 FIFO, LIFO and average-cost determination. Moderate 20–25 E8-15 FIFO, LIFO, average-cost inventory. Moderate 15–20 E8-16 Compute FIFO, LIFO, average-cost—periodic. Moderate 15–20 E8-17 FIFO and LIFO—periodic and perpetual. Simple 10–15 E8-18 FIFO and LIFO; income statement presentation. Simple 15–20 E8-19 FIFO and LIFO effects. Moderate 20–25 E8-20 FIFO and LIFO—periodic. Simple 10–15 E8-21 LIFO effect. Moderate 10–15 E8-22 Alternate inventory methods—comprehensive. Moderate 25–30 E8-23 Dollar-value LIFO. Simple 5–10 E8-24 Dollar-value LIFO. Simple 15–20 E8-25 Dollar-value LIFO. Moderate 20–25 E8-26 Dollar-value LIFO. Moderate 15–20

P8-1 Various inventory issues. Moderate 30–40 P8-2 Inventory adjustments. Moderate 25–35 P8-3 Purchases recorded gross and net. Simple 20–25 P8-4 Compute FIFO, LIFO, and average-cost. Complex 40–55 P8-5 Compute FIFO, LIFO, and average-cost. Complex 40–55 P8-6 Compute FIFO, LIFO, and average-cost—periodic

and perpetual.

Moderate 25–35

P8-7 Financial statement effects of FIFO and LIFO. Moderate 30–40 P8-8 Dollar-value LIFO. Moderate 30–40 P8-9 Internal indexes—dollar-value LIFO. Moderate 25–35 P8-10 Internal indexes—dollar-value LIFO. Complex 30–35 P8-11 Dollar-value LIFO. Moderate 40–50

ASSIGNMENT CHARACTERISTICS TABLE (Continued)

Item Description Level of

Difficulty

Time

(minutes)

CA8-1 Inventoriable costs. Moderate 15–20 CA8-2 Inventoriable costs. Moderate 15–25 CA8-3 Inventoriable costs. Moderate 25–35 CA8-4 Accounting treatment of purchase discounts. Simple 15–25 CA8-5 General inventory issues. Moderate 20–25 CA8-6 LIFO inventory advantages. Simple 15–20 CA8-7 Average-cost, FIFO, and LIFO. Simple 15–20 CA8-8 LIFO application and advantages. Moderate 25–30 CA8-9 Dollar-value LIFO issues. Moderate 25–30 CA8-10 FIFO and LIFO. Moderate 30–35 CA8-11 LIFO Choices Moderate 20–25

SOLUTIONS TO CODIFICATION EXERCISES

CE8-1

(a) Inventory is the aggregate of those items of tangible personal property that have any of the

following characteristics:

a. Held for sale in the ordinary of business.

b. To process of production for such sale.

c. To be currently consumed in the production of goods or services to be available for sale.

The term inventory embraces goods awaiting sale (the merchandise of a trading concern and the finished goods of a manufacturer), goods in the course of production (work in process), and goods to be consumed directly or indirectly in production (raw materials and supplies). This definition of inventories excludes long-term assets subject to depreciation accounting, or goods which, when put into use, will be so classified. The fact that a depreciable asset is retired from regular use and held for sale does not indicate that the item should be classified as part of the inventory. Raw materials and supplies purchased for production may be used or consumed for the construction of long-term assets or other purposes not related to production, but the fact that inventory items representing a small portion of the total may not be absorbed ultimately in the production process does not require separate classification. By trade practice, operating materials and supplies of certain types of entities such as oil producers are usually treated as inventory.

(b) A customer is a reseller or a consumer, either an individual or a business that purchases a

vendor’s products or services for end use rather than for resale. This definition is consistent with paragraph 280-10-50-42, which states that a group of entities known to a reporting entity to be under common control shall be considered as a single customer, and the federal government, a state government, a local government (for example, a country or municipality), or a foreign government each shall be considered as a single customer.

(c) Customer includes any purchaser of the vendor’s products at any point along the distrib ution

chain, regardless of whether the purchaser acquires the vendor’s products directly or indirectly (for example, from a distributor) from the vendor. For example, a vendor may sell its products to a distributor who in turn resells the products to a retailer. In that example, the retailer—not the distributor—is a customer of the vendor.

(d) A product financing arrangement is a transaction in which an entity sells and agrees to

repurchase inventory with the repurchase price equal to the original sale price plus carrying and financing costs, or other similar transactions.

CE8-2

According FASB ASC 605-45-45-19 through 21 [Shipping and Handling Fees and Costs]:

45-19Many sellers charge customers for shipping and handling in amounts in amounts that exceed the related costs incurred. The components of shipping and handling costs, and the determination of the amounts billed to customers for shipping and handling, may differ from entity to entity. Some entities define shipping costs and handling costs as only those costs incurred for a third-party shipper to transport products to the customer. Other entities include as shipping and handling costs a portion of internal costs, for example, salaries and overhead related to the activities to prepare goods for shipment. In addition, some entities charge customers only for amounts that are a direct reimbursement for shipping and, if discernible, direct incremental handling costs; however, many other entities charge customers for shipping and handling in amounts that are not a direct pass-through of costs.

CE8-2 (Continued)

45-20For those entities that determine under the indicators listed in paragraphs 605-45-45-4 through 45-18 that shipping and handling fees shall be reported gross, all amounts billed to a customer in a sale transaction related to shipping and handling represent revenues earned for the goods provided and shall be classified as revenue.

45-21Also, shipping and handling costs shall not be deducted from revenues (that is, netted against shipping and handling revenues).

CE8-3

FASB ASC 330-10-35-1 and 15 with respect to adjustments to Lower of Cost or Market:

35-1 A departure from the cost basis of pricing the inventory is required when the utility of the goods is no longer as great as their cost. Where there is evidence that the utility of goods, in their disposal in the ordinary course of business, will be less than cost, whether due to physical deterioration, obsolescence, changes in price levels, or other causes, the difference shall be recognized as a loss of the current period. This is generally accomplished by stating such goods at a lower level commonly designated as market.

With respect to Stating Inventories Above Cost:

35-15Only in exceptional cases may inventories properly be stated above cost. For example, precious metals having a fixed monetary value with no substantial cost of marketing may be stated at such monetary value; any other exceptions must be justifiable by inability to determine appropriate approximate costs, immediate marketability at quoted market price, and the characteristic of unit interchangeability.

CE8-4

FASB ASC 330-10-S99-3 (SAB Topic 11.F, LIFO Liquidations)The following is the text of SAB Topic 11.F, LIFO Liquidations.

Facts: Registrant on LIFO basis of accounting liquidates a substantial portion of its LIFO inventory and as a result includes a material amount of income in its income statement which would not have been recorded had the inventory liquidation not taken place.

Question: Is disclosure required of the amount of income realized as a result of the inventory liquidation? Interpretive Response:Yes. Such disclosure would be required in order to make the financial statements not misleading. Disclosure may be made either in a footnote or parenthetically on the face of the income statement.

ANSWERS TO QUESTIONS

1. In a retailing concern, inventory normally consists of only one category that is the product awaiting

resale. In a manufacturing company, inventories consist of raw materials, work in process, and finished goods. Sometimes a manufacturing or factory supplies inventory account is also included.

2. (a) Inventories are unexpired costs and represent future benefits to the owner. A statement of

financial position includes a listing of all unexpired costs (assets) at a specific point in time.

Because inventories are assets owned at the specific point in time for which a statement of financial position is prepared, they must be included in order that the owners’ financial position will be presented fairly.

(b) Beginning and ending inventories are included in the computation of net income only for the

purpose of arriving at the cost of goods sold during the period of time covered by the state-ment. Goods included in the beginning inventory which are no longer on hand are expired costs to be matched against revenues recognized during the period. Goods included in the ending inventory are unexpired costs to be carried forward to a future period, rather than expensed.

3. In a perpetual inventory system, data are available at any time on the quantity and dollar amount

of each item of material or type of merchandise on hand. A physical inventory is a physical count of inventory on hand at a point in time. In a periodic system, the inventory is periodically counted (at least once a year) but that up-to-date records are not necessarily maintained. Discrepancies often occur between the physical count and the perpetual records because of clerical errors, theft, waste, misplacement of goods, etc.

4. No, Mishima, Inc. should not report this amount on its balance sheet. As consignee, it does not

own this merchandise and therefore it is inappropriate for it to recognize this merchandise as part of its inventory.

5.Product financing arrangements are essentially off-balance-sheet financing devices. These arrange-

ments make it appear that a company has sold its inventory or never taken title to it so they can keep loans off their balance sheet. A product financing arrangement should not be recorded as a sale. Rather, the inventory and related liability should be reported on the balance sheet.

6. (a) Inventory.

(b) Not shown, possibly in a note to the financial statements if material.

(c) Inventory.

(d) Inventory, separately disclosed as raw materials.

(e) Not shown, possibly a note to the financial statements.

(f) Inventory or manufacturing supplies.

7.This omission would have no effect upon the net income for the year, since the purchases and the

ending inventory are understated in the same amount. With respect to financial position, both the inventory and the accounts payable would be understated. Materiality would be a factor in determining whether an adjustment for this item should be made as omission of a large item would distort the amount of current assets and the amount of current liabilities. It, therefore, might influence the current ratio to a considerable extent.

8.Cost, which has been defined generally as the price paid or consideration given to acquire an

asset, is the primary basis for accounting for inventories. As applied to inventories, cost means the sum of the applicable expenditures and charges directly or indirectly incurred in bringing an article to its existing condition and location. These applicable expenditures and charges include all acqui-sition and production costs but exclude all selling expenses and that portion of general and adminis-trative expenses not clearly related to production. Freight charges applicable to the product are considered a cost of the goods.

Questions Chapter 8 (Continued)

9.By their nature, product costs ―attach‖ to the inventory and are recorded in the inventory account.

These costs are directly connected with the bringing of goods to the place of business of the buyer and converting such goods to a salable condition. Such charges would include freight charges on goods purchased, other direct costs of acquisition, and labor and other production costs incurred in processing the goods up to the time of sale.

Period costs are not considered to be directly related to the acquisition or production of goods and therefore are not considered to be a part of inventories.

Conceptually, these expenses are as much a cost of the product as the initial purchase price and related freight charges attached to the product. While selling expenses are generally considered as more directly related to the cost of goods sold than to the unsold inventory, in most cases, though, the costs, especially administrative expenses, are so unrelated or indirectly related to the immediate production process that any allocation is purely arbitrary.

Interest costs are considered a cost of financing and are generally expensed as incurred, when related to getting inventories ready for sale.

10.Cash discounts (purchase discounts) should not be accounted for as financial income when pay-

ments are made. Income should be recognized when the earning process is complete (when the company sells the inventory). Furthermore, a company does not earn revenue from purchasing goods. Cash discounts should be considered as a reduction in the cost of the items purchased.

11. $60.00, $63.00, $61.80. (Freight-In not included for discount.)

12. Arguments for the specific identification method are as follows:

(1) It provides an accurate and ideal matching of costs and revenues because the cost is specifi-

cally identified with the sales price.

(2) The method is realistic and objective since it adheres to the actual physical flow of goods

rather than an artificial flow of costs.

(3) Inventory is valued at actual cost instead of an assumed cost.

Arguments against the specific identification method include the following:

(1) The cost of using it restricts its use to goods of high unit value.

(2) The method is impractical for manufacturing processes or cases in which units are com-

mingled and identity lost.

(3) It allows an artificial determination of income by permitting arbitrary selection of the items to

be sold from a homogeneous group.

(4) It may not be a meaningful method of assigning costs in periods of changing price levels.

13.The first-in, first-out method approximates the specific identification method when the physical flow

of goods is on a FIFO basis. When the goods are subject to spoilage or deterioration, FIFO is particularly appropriate. In comparison to the specific identification method, an attractive aspect of FIFO is the elimination of the danger of artificial determination of income by the selection of advantageously priced items to be sold. The basic assumption is that costs should be charged in the order in which they are incurred. As a result, the inventories are stated at the latest costs.

Where the inventory is consumed and valued in the FIFO manner, there is no accounting recognition of unrealized gain or loss. A criticism of the FIFO method is that it maximizes the effects of price fluctuations upon reported income because current revenue is matched with the oldest costs which are

Questions Chapter 8 (Continued)

probably least similar to current replacement costs. On the other hand, this method produces a balance sheet value for the asset close to current replacement costs. It is claimed that FIFO is deceptive when used in a period of rising prices because the reported income is not fully available since a part of it must be used to replace inventory at higher cost.

The results achieved by the average-cost method resemble those of the specific identification method where items are chosen at random or there is a rapid inventory turnover. Compared with the specific identification method, the average-cost method has the advantage that the goods need not be individually identified; therefore accounting is not so costly and the method can be applied to fungible goods. The average-cost method is also appropriate when there is no marked trend in price changes. In opposition, it is argued that the method is illogical. Since it assumes that all sales are made proportionally from all purchases and that inventories will always include units from the first purchases, it is argued that the method is illogical because it is contrary to the chronological flow of goods. In addition, in periods of price changes there is a lag between current costs and costs assigned to income or to the valuation of inventories.

If it is assumed that actual cost is the appropriate method of valuing inventories, last-in, first-out is not theoretically correct. In general, LIFO is directly adverse to the specific identification method because the goods are not valued in accordance with their usual physical flow. An exception is the application of LIFO to piled coal or ores which are more or less consumed in a LIFO manner.

Proponents argue that LIFO provides a better matching of current costs and revenues.

During periods of sharp price movements, LIFO has a stabilizing effect upon reported income figures because it eliminates paper income and losses on inventory and smoothes the impact of income taxes. LIFO opponents object to the method principally because the inventory valuation reported in the balance sheet could be seriously misleading. The profit figures can be artificially influenced by management through contracting or expanding inventory quantities. Temporary involuntary depletion of LIFO inventories would distort current income by the previously unrecognized price gains or losses applicable to the inventory reduction.

14. A company may obtain a price index from an outside source (external index)—the government, a

trade association, an exchange—or by computing its own index (internal index) using the double extension method. Under the double extension method the ending inventory is priced at both base-year costs and at current-year costs, with the total current cost divided by the total base cost to obtain the current year index.

15.Under the double extension method, LIFO inventory is priced at both base-year costs and current-

year costs. The total current-year cost of the inventory is divided by the total base-year cost to obtain the current-year index.

The index for the LIFO pool consisting of product A and product B is computed as follows:

Base-Year Cost Current-Year Cost

Product Units Unit Total Unit Total

B 10,350 $37.00 382,950 $45.60 471,960

December 31, 2014 inventory $643,050 $1,007,460

Current-Year Cost

= $1,007,460

= 156.67, index at 12/31/14.

Base-Year Cost $643,050

Questions Chapter 8 (Continued)

16.The LIFO method results in a smaller net income because later costs, which are higher than

earlier costs, are matched against revenue. Conversely, in a period of falling prices, the LIFO method would result in a higher net income because later costs in this case would be lower than earlier costs, and these later costs would be matched against revenue.

17.The dollar-value method uses dollars instead of units to measure increments, or reductions in a

LIFO inventory. After converting the closing inventory to the same price level as the opening inventory, the increases in inventories, priced at base-year costs, is converted to the current price level and added to the opening inventory. Any decrease is subtracted at base-year costs to determine the ending inventory.

The principal advantage is that it requires less record-keeping. It is not necessary to keep records or make calculations of opening and closing quantities of individual items. Also, the use of a base inventory amount gives greater flexibility in the makeup of the base and eliminates many detailed calculations.

The unit LIFO inventory costing method is applied to each type of item in an inventory. Any type of item removed from the inventory base (e.g., magnets) and replaced by another type (e.g., coils) will cause the old cost (magnets) to be removed from the base and to be replaced by the more current cost of the other item (coils).

The dollar-value LIFO costing method treats the inventory base as being composed of a base of cost in dollars rather than of units. Therefore a change in the composition of the inventory (less magnets and more coils) will not change the cost of inventory base so long as the amount of the inventory stated in base-year dollars does not change.

18. (a) LIFO layer—a LIFO layer (increment) is formed when the ending inventory at base-year prices

exceeds the beginning inventory at base-year prices.

(b) LIFO reserve—the difference between the inventory method used for internal purposes

and LIFO.

(c) LIFO effect—the change in the LIFO reserve (Allowance to Reduce Inventory to LIFO) from

one period to the next.

19. December 31, 2014 inventory at December 31, 2013 prices, $1,053,000 ÷ 1.08 ........... $975,000

Less: Inventory, December 31, 2013 ............................................................................. 800,000 Increment added during 2014 at base prices ................................................................. $175,000

Increment added during 2014 at December 31, 2014 prices, $175,000 X 1.08 .............. $189,000 Add: I nventory at December 31, 2013 ............................................................................ 800,000 Inventory, December 31, 2014, under dollar-value LIFO method ................................... $989,000

20. Phantom inventory profits occur when the inventory costs matched against sales are less than the

replacement cost of the inventory. The cost of goods sold therefore is understated and profit is considered overstated. Phantom profits are said to occur when FIFO is used during periods of rising prices.

High inventory profits through involuntary liquidation occur if a company is forced to reduce its LIFO base or layers. If the base or layers of old costs are eliminated, strange results can occur because old, irrelevant costs can be matched against current revenues. A distortion in reported income for a given period may result, as well as consequences that are detrimental from an income tax point of view.

SOLUTIONS TO BRIEF EXERCISES

BRIEF EXERCISE 8-1

RIVERA COMPANY

Balance Sheet (Partial)

December 31

Current assets

Cash .................................................................... $ 190,000 Receivables (net) ................................................ 400,000 Inventories

Finished goods ........................................... $170,000

Work in process ......................................... 200,000

Raw materials ............................................. 335,000 705,000 Prepaid insurance .............................................. 41,000 Total current assets ................................... $1,336,000 BRIEF EXERCISE 8-2

Inventory (150 X $34) ....................................................5,100 Accounts Payable ................................................5,100 Accounts Payable (6 X $34) (204)

Inventory (204)

Accounts Receivable (125 X $50) .................................6,250 Sales .....................................................................6,250 Cost of Goods Sold (125 X $34) ...................................4,250 Inventory ...............................................................4,250

BRIEF EXERCISE 8-3

December 31 inventory per physical count .................$ 200,000 Goods-in-transit purchased FOB shipping point ........25,000 Goods-in-transit sold FOB destination ........................ 22,000 December 31 inventory ........................................$ 247,000

BRIEF EXERCISE 8-4

Cost of goods sold as reported .............................................. $1,400,000 Overstatement of 12/31/13 inventory ..................................... (110,000) Overstatement of 12/31/14 inventory ..................................... 35,000 Corrected cost of goods sold ........................................ $1,325,000 12/31/14 retained earnings as reported.................................. $5,200,000 Overstatement of 12/31/14 inventory ..................................... (35,000) Corrected 12/31/14 retained earnings ........................... $5,165,000 BRIEF EXERCISE 8-5

Weighted average cost per unit $11,850 = $ 11.85

1,000

Ending inventory 400 X $11.85 = $ 4,740

Cost of goods available for sale $11,850

Deduct ending inventory 4,740

Cost of goods sold (600 X $11.85) $ 7,110

BRIEF EXERCISE 8-6

April 23 350 X $13 = $ 4,550

April 15 50 X $12 = 600

Ending inventory $ 5,150

Cost of goods available for sale $11,850

Deduct ending inventory 5,150

Cost of goods sold $ 6,700

BRIEF EXERCISE 8-7

April 1 250 X $10 = $ 2,500

April 15 150 X $12 = 1,800

Ending inventory $ 4,300

Cost of goods available for sale $11,850

Deduct ending inventory 4,300

Cost of goods sold $ 7,550

BRIEF EXERCISE 8-8

2013 $100,000 2014 $119,900 ÷ 1.10 = $109,000

$100,000 $9,000* X 1.10 ............................................................... 9,900

$109,900 *$109,000 – $100,000

2015 $134,560 ÷ 1.16 = $116,000

$100,000 $9,000 X 1.10 ................................................................ 9,900 $7,000** X 1.16 ............................................................. 8,120

$118,020 **$116,000 – $109,000

BRIEF EXERCISE 8-9

2014 inventory at base amount ($22,140 ÷ 1.08) $ 20,500 2013 inventory at base amount (19,750) Increase in base inventory $ 750 2014 inventory under LIFO

Layer one $19,750 X 1.00 $ 19,750 Layer two $ 750 X 1.08 810

$ 20,560 2015 inventory at base amount ($25,935 ÷ 1.14) $ 22,750 2014 inventory at base amount 20,500 Increase in base inventory $ 2,250 2015 inventory under LIFO

Layer one $19,750 X 1.00 $ 19,750 Layer two $ 750 X 1.08 810 Layer three $ 2,250 X 1.14 2,565

$ 23,125

SOLUTIONS TO EXERCISES

EXERCISE 8-1 (15–20 minutes)

Items 1, 3, 5, 8, 11, 13, 14, 16, and 17 would be reported as inventory in the financial statements.

The following items would not be reported as inventory:

2. Cost of goods sold in the income statement.

4. Not reported in the financial statements.

6. Cost of goods sold in the income statement.

7. Cost of goods sold in the income statement.

9. Interest expense in the income statement.

10. Advertising expense in the income statement.

12. Office supplies in the current assets section of the balance sheet. 15. Not reported in the financial statements.

18. Short-term investments in the current asset section of the balance

sheet.

EXERCISE 8-2 (10–15 minutes)

Inventory per physical count $441,000 Goods in transit to customer, f.o.b. destination + 38,000 Goods in transit from vendor, f.o.b. seller + 51,000 Inventory to be reported on balance sheet $530,000 The consigned goods of $61,000 are not owned by Jose Oliva and were properly excluded.

The goods in transit to a customer of $46,000, shipped f.o.b. shipping point, are properly excluded from the inventory because the title to the goods passed when they left the seller (Oliva) and therefore a sale and related cost of goods sold should be recorded in 2014.

The goods in transit from a vendor of $83,000, shipped f.o.b. destination, are properly excluded from the inventory because the title to the goods does not pass to Oliva until the buyer (Oliva) receives them.

EXERCISE 8-3 (10–15 minutes)

1. Include. Ownership of the merchandise passes to customer only

when it is shipped.

2. Do not include. Title did not pass until January

3.

3. Include in inventory. Product belonged to Harlowe Inc. at December 31,

2014.

4. Include in inventory. Under invoice terms, title passed when goods

were shipped.

5. Do not include. Goods received on consignment remain the property

of the consignor.

EXERCISE 8-4 (10–15 minutes)

1. Raw Materials Inventory ....................................8,100

Accounts Payable .....................................8,100 2. Raw Materials Inventory ....................................28,000

Accounts Payable .....................................28,000

3. No adjustment necessary.

4. Accounts Payable ..............................................7,500

Raw Materials Inventory ...........................7,500 5. Raw Materials Inventory ....................................19,800

Accounts Payable .....................................19,800

EXERCISE 8-5 (15–20 minutes)

(a) Inventory December 31, 2014 (unadjusted) $234,890

Transaction 2 13,420 Transaction 3 -0- Transaction 4 -0- Transaction 5 8,540 Transaction 6 (10,438) Transaction 7 (10,520) Transaction 8 1,500 Inventory December 31, 2014 (adjusted) $237,392 (b) Transaction 3

Sales Revenue ............................................... 12,800

Accounts Receivable ..............................12,800 (To reverse sale entry in 2014)

Transaction 4

Purchases (Inventory) ................................... 15,630

Accounts Payable ...................................15,630 (To record purchase of merchandise

in 2014)

Transaction 8

Sales Returns and Allowances..................... 2,600

Accounts Receivable ........................... 2,600

EXERCISE 8-6 (10–20 minutes)

2013 2014 2015 Sales $290,000 $360,000 $410,000 Sales Returns (11,000) (13,000) (20,000) Net Sales 279,000 347,000 390,000 Beginning Inventory 20,000 32,000 37,000** Ending Inventory (32,000*) (37,000) (44,000) Purchases 242,000 260,000 298,000 Purchase Returns and Allowances (5,000) (8,000) (10,000) Freight-in 8,000 9,000 12,000 Cost of Good Sold (233,000) (256,000) (293,000) Gross Profit $ 46,000 $ 91,000 $ 97,000 *This was given as the beginning inventory for 2014.

**This was calculated as the ending inventory for 2014.

EXERCISE 8-7 (10–15 minutes)

(a) May 10 Purchases .............................................14,700

Accounts Payable .......................14,700

($15,000 X .98)

May 11 Purchases .............................................13,068

Accounts Payable .......................13,068

($13,200 X .99)

May 19 Accounts Payable ................................14,700

Cash .............................................14,700 May 24 Purchases .............................................11,270

Accounts Payable

($11,500 X .98) ...........................11,270

EXERCISE 8-7 (Continued)

(b) May 31 Purchase Discounts Lost (132)

Accounts Payable

($13,200 X .01) (132)

(Discount lost on purchase of

May 11, $13,200, terms 1/15, n/30)

EXERCISE 8-8 (20–25 minutes)

(a) Feb. 1 Inventory [$10,800 – ($10,800 X 10%)] ..........9,720

Accounts Payable .................................9,720 Feb. 4 Accounts Payable [$2,500 –

($2,500 X 10%)] ............................................2,250

Inventory ................................................2,250 Feb. 13 Accounts Payable ($9,720 – $2,250) .............7,470

Inventory (3% X $7,470) ........................224.10

Cash .......................................................7,245.90 (b) Feb. 1 Purchases [$10,800 – ($10,800 X 10%)] ........9,720

Accounts Payable .................................9,720 Feb. 4 Accounts Payable [$2,500 – ($2,500 X

10%)] ............................................................2,250

Purchase Returns and Allowances ........2,250 Feb. 13 Accounts Payable ($9,720 – $2,250) .............7,470

Purchase Discounts (3% X $7,470) .........224.10

Cash .......................................................7,245.90 (c) Purchase price (list) $10,800.00

Less: Trade discount (10% X $10,800) 1,080.00

Price on which cash discount based 9,720.00

Less: Cash discount (3% X $9,720) 291.60

Net price $ 9,428.40

EXERCISE 8-9 (15–25 minutes)

(a) Jan. 4 Accounts Receivable (640)

Sales Revenue(80 X $8) (640)

Jan. 11 Purchases ($150 X $6) (900)

Accounts Payable (900)

Jan. 13 Accounts Receivable ..............................1,050

Sales Revenue (120 X $8.75) .........1,050 Jan. 20 Purchases (160 X $7) ..............................1,120

Accounts Payable ..........................1,120 Jan. 27 Accounts Receivable (900)

Sales Revenue (100 X $9) (900)

Jan. 31 Inventory ($7 X 110) (770)

Cost of Goods Sold.................................1,750*

Purchases ($900 + $1,120) ............2,020

Inventory (100 X $5) (500)

*($500 + $2,020 – $770)

(b) Sales revenue ($640 + $1,050 + $900) $2,590

Cost of goods sold 1,750

Gross profit $ 840

EXERCISE 8-9 (Continued)

(c) Jan. 4 Accounts Receivable (640)

Sales Revenue (80 X $8) (640)

Cost of Goods Sold (400)

Inventory (80 X $5) (400)

Jan. 11 Inventory (900)

Accounts Payable (150 X $6) (900)

Jan. 13 Accounts Receivable ..............................1,050

Sales Revenue (120 X $8.75) .........1,050 Cost of Goods Sold (700)

Inventory ([(20 X $5) +

(100 X $6)] (700)

Jan. 20 Inventory ..................................................1,120

Accounts Payable (160 X $7) .........1,120 Jan. 27 Accounts Receivable (900)

Sales Revenue (100 X $9) (900)

Cost of Goods Sold (650)

Inventory [(50 X $6) +

(50 X $7)] (650)

(d) Sales revenue $2,590

Cost of goods sold

($400 + $700 +$650) 1,750

Gross profit $ 840

财务专业术语中英文对照表

财务专业术语中英文对照表 英文中文说明 Account Accounting system 会计系统 American Accounting Association 美国会计协会 American Institute of CPAs 美国注册会计师协会 Audit 审计 Balance sheet 资产负债表 Bookkeepking 簿记 Cash flow prospects 现金流量预测 Certificate in Internal Auditing 部审计证书 Certificate in Management Accounting 管理会计证书 Certificate Public Accountant注册会计师 Cost accounting 成本会计 External users 外部使用者 Financial accounting 财务会计 Financial Accounting Standards Board 财务会计准则委员会 Financial forecast 财务预测 Generally accepted accounting principles 公认会计原则 General-purpose information 通用目的信息 Government Accounting Office 政府会计办公室 Income statement 损益表 Institute of Internal Auditors 部审计师协会 Institute of Management Accountants 管理会计师协会 Integrity 整合性 Internal auditing 部审计 Internal control structure 部控制结构 Internal Revenue Service 国收入署 Internal users部使用者 Management accounting 管理会计 Return of investment 投资回报 Return on investment 投资报酬 Securities and Exchange Commission 证券交易委员会

各种花的英文名

各种花卉的英文名 iris蝴蝶花 cockscomb鸡冠花 honeysuckle金银花chrysanthemum菊花 carnation康乃馨 orchid兰花 canna美人蕉 jasmine茉莉花 daffodil水仙花 peony牡丹 begonia秋海棠 cactus仙人掌 christmas flower圣诞花/一品红poppy罂粟 tulip郁金香 chinese rose月季 violet紫罗兰 peach flower桃花 aloe芦荟 mimosa含羞草 dandelion蒲公英

plum bolssom梅花中国水仙 new year lily 石榴 pomegranate 月桂victor's laurel 报春花 polyanthus 木棉 cotton tree 紫丁香 lilac 吊钟 lady's eardrops 紫荆 Chinese redbud 百合 lily 紫罗兰 wall flower 桃花 peach 紫藤 wisteria 杜鹃 azalea 铃兰 lily-of-the-valley 牡丹 tree peony 银杏 ginkgo 芍药 peony 蝴蝶兰 moth orchid 辛夷 violet magnolia 蟹爪仙人掌 Christmas cactus 玫瑰 rose 郁金香 tulip

茶花 common camellia 千日红 common globe-amaranth 非洲堇 African violet 栀子花 cape jasmine 木槿 rose of Sharon 风信子 hyacinth 百子莲 African lily 牵牛花 morning glory 君子兰 kefir lily 荷包花 lady's pocketbook 含笑花 banana shrub 非洲菊 African daisy 含羞草 sensitive plant 茉莉 Arabian jasmine 猪笼草 pitcher plant 凌霄花 creeper 树兰 orchid tree 康乃馨coronation 鸡冠花 cockscomb 荷花lotus 鸢萝 cypress vine 菩提 botree

会计术语中英对照

会计术语中英对照 文稿归稿存档编号:[KKUY-KKIO69-OTM243-OLUI129-G00I-FDQS58-

一、会计与会计理论 会计 accounting 决策人 Decision Maker 投资人 Investor 股东 Shareholder 债权人 Creditor 财务会计 Financial Accounting 管理会计 Management Accounting 成本会计 Cost Accounting 私业会计 Private Accounting 公众会计 Public Accounting 注册会计师 CPA Certified Public Accountant 国际会计准则委员会 IASC 美国注册会计师协会 AICPA 财务会计准则委员会 FASB 管理会计协会 IMA 美国会计学会 AAA 税务稽核署 IRS 独资企业 Proprietorship 合伙人企业 Partnership 公司 Corporation 会计目标 Accounting Objectives 会计假设 Accounting Assumptions 会计要素 Accounting Elements 会计原则 Accounting Principles 会计实务过程 Accounting Procedures 财务报表 Financial Statements 财务分析Financial Analysis 会计主体假设 Separate-entity Assumption 货币计量假设 Unit-of-measure Assumption 持续经营假设 Continuity(Going-concern) Assumption 会计分期假设 Time-period Assumption 资产 Asset 负债 Liability 业主权益 Owner's Equity 收入 Revenue 费用 Expense

会计中英文对照

财会常见名词英汉对照表 (1)会计与会计理论 会计accounting 决策人Decision Maker 投资人Investor 股东Shareholder 债权人Creditor 财务会计Financial Accounting 管理会计Management Accounting 成本会计Cost Accounting 私业会计Private Accounting 公众会计Public Accounting 注册会计师CPA Certified Public Accountant 国际会计准则委员会IASC 美国注册会计师协会AICPA 财务会计准则委员会FASB 管理会计协会IMA 美国会计学会AAA 税务稽核署IRS 独资企业Proprietorship 合伙人企业Partnership 公司Corporation

会计目标Accounting Objectives 会计假设Accounting Assumptions 会计要素Accounting Elements 会计原则Accounting Principles 会计实务过程Accounting Procedures 财务报表Financial Statements 财务分析Financial Analysis 会计主体假设Separate-entity Assumption 货币计量假设Unit-of-measure Assumption 持续经营假设Continuity(Going-concern) Assumption 会计分期假设Time-period Assumption 资产Asset 负债Liability 业主权益Owner's Equity 收入Revenue 费用Expense 收益Income 亏损Loss 历史成本原则Cost Principle 收入实现原则Revenue Principle 配比原则Matching Principle 全面披露原则Full-disclosure (Reporting) Principle

会计方面专业术语的英文翻译

会计方面专业术语的xx acceptance承兑 account账户 accountant会计员 accounting会计 accounting system会计制度 accounts payable应付账款 accounts receivable应收账款 accumulated profits累积利益 adjusting entry调整记录 adjustment调整 administration expense管理费用 advances预付 advertising expense广告费 agency代理 agent代理人 agreementxx allotments分配数 allowance津贴 amalgamation合并 amortization摊销

amortized cost应摊成本 annuities年金 applied cost已分配成本 applied expense已分配费用 applied manufacturing expense己分配制造费用apportioned charge摊派费用 appreciation涨价 article of association公司章程 assessment课税 assets资产 attorney fee律师费 audit审计 auditor审计员 average平均数 average cost平均成本 bad debt坏账 balance余额 balance sheet资产负债表 bank account银行账户 bank balance银行结存 bank charge银行手续费

bank deposit银行存款 bank discount银行贴现bank draft银行汇票 bank loan银行借款 bank overdraft银行透支bankers acceptance银行承兑bankruptcy破产 bearer持票人 beneficiary受益人 bequest遗产 bill票据 bill of exchange汇票 bill of lading提单 bills discounted贴现票据bills payable应付票据 bills receivable应收票据board of directors董事会bonds债券 bonus红利 book value账面价值bookkeeper簿记员

植物花卉中英文对照

植物花卉中英文对照、花卉英文名大全 金橘--------------kumquat 米仔兰(米兰)--------- milan tree 变叶木-------------croton 一品红-------------poinsettia 扶桑--------------Chinese hibiscus 吊灯花-------------fringed hibiscus 马拉巴栗(发财树)------- Guiana chestnut 山茶--------------camellia 云南山茶------------Yunnan camellia 金花茶-------------golden camellia 瑞香--------------daphne 结香--------------paper bush 倒挂金钟------------fuchsia 八角金盘------------Japan fatsia 常春藤-------------ivy 鹅掌柴-------------umbrella tree 杜鹃花-------------rhododendron 茉莉花-------------jasmine 桂花--------------sweet osmanthus 夹竹桃-------------sweet-scented oleander 黄花夹竹桃-----------lucky-nut-thevetia 鸡蛋花-------------frangipani 龙吐珠-------------bleeding-heart glorybower 夜香树(木本夜来香)------night jasmine 鸳鸯茉莉------------broadleaf raintree 栀子花-------------cape jasmine 蝴蝶兰-------------moth orchid 卡特兰-------------cattleya 石斛--------------dendrobium 兜兰--------------lady slipper 兰花--------------orchid 春兰--------------goering cymbidium

会计专业专业术语中英文对照

会计专业专业术语中英文对照 一、会计与会计理论 会计 accounting 决策人 Decision Maker 投资人 Investor 股东 Shareholder 债权人 Creditor 财务会计 Financial Accounting 管理会计 Management Accounting 成本会计 Cost Accounting 私业会计 Private Accounting 公众会计 Public Accounting 注册会计师 CPA Certified Public Accountant 国际会计准则委员会 IASC 美国注册会计师协会 AICPA 财务会计准则委员会 FASB 管理会计协会 IMA 美国会计学会 AAA 税务稽核署 IRS 独资企业 Proprietorship 合伙人企业 Partnership 公司 Corporation

会计目标 Accounting Objectives 会计假设 Accounting Assumptions 会计要素 Accounting Elements 会计原则 Accounting Principles 会计实务过程 Accounting Procedures 财务报表 Financial Statements 财务分析Financial Analysis 会计主体假设 Separate-entity Assumption 货币计量假设 Unit-of-measure Assumption 持续经营假设 Continuity(Going-concern) Assumption 会计分期假设 Time-period Assumption 资产 Asset 负债 Liability 业主权益 Owner's Equity 收入 Revenue 费用 Expense 收益 Income 亏损 Loss 历史成本原则 Cost Principle 收入实现原则 Revenue Principle 配比原则 Matching Principle

各种花的英文名

iris 蝴蝶花hon eysuckle 金银花 chrysanthemum 菊花 carnation 康乃馨 orchid 兰花 canna 美人蕉 jasmine 茉莉花 daffodil 水仙花 peony 牡丹 begonia 秋海棠 cactus 仙人掌 christmas flower 圣诞花/一品红 poppy 罂粟 tulip 郁金香 chi nese rose 月 季 violet 紫罗兰 peach flower 桃花 aloe 芦荟 mimosa 含羞草 dandelion 蒲公英 plum bolssom 梅花中国水仙new year lily

石榴pomegranate 月桂victor's laurel 报春花polyanthus 木棉cotton tree 紫丁香lilac 吊钟lady's eardrops 紫荆Chinese redbud 百合lily 紫罗兰wall flower 桃花peach 紫藤wisteria 杜鹃azalea 铃兰lily-of-the-valley 牡丹tree peony 银杏ginkgo 芍药peony 蝴蝶兰moth orchid 辛夷violet magnolia 蟹爪仙人掌Christmas cactus 玫瑰rose 郁金香tulip

非洲堇African violet 栀子花cape jasmine 木槿rose of Sharon 风信子hyacinth 百子莲African lily 牵牛花morning glory 君子兰kefir lily 荷包花lady's pocketbook 含笑花bana shrub 非洲菊African daisy 含羞草sensitive plant 茉莉Arabian jasmine 猪笼草pitcher plant 凌霄花creeper 树兰orchid tree 康乃馨coronation 荷花lotus 鸢萝cypress vine 菩提botree 大理花dahlia

Accounting专业词汇

Accounting system 会计系统 American Accounting Association 美国会计协会American Institute of CPAs 美国注册会计师协会 Audit 审计 Balance sheet 资产负债表 Bookkeepking 簿记 Cash flow prospects 现金流量预测 Certificate in Internal Auditing 内部审计证书 Certificate in Management Accounting 管理会计证书Certificate Public Accountant注册会计师 Cost accounting 成本会计 External users 外部使用者 Financial accounting 财务会计 Financial Accounting Standards Board 财务会计准则委员会Financial forecast 财务预测 Generally accepted accounting principles 公认会计原则General-purpose information 通用目的信息Government Accounting Office 政府会计办公室 Income statement 损益表 Institute of Internal Auditors 内部审计师协会 Institute of Management Accountants 管理会计师协会Integrity 整合性 Internal auditing 内部审计 Internal control structure 内部控制结构 Internal Revenue Service 国内收入署 Internal users 内部使用者 Management accounting 管理会计 Return of investment 投资回报 Return on investment 投资报酬 Securities and Exchange Commission 证券交易委员会Statement of cash flow 现金流量表 Statement of financial position 财务状况表 Tax accounting 税务会计 Accounting equation 会计等式 Articulation 勾稽关系 Assets 资产 Business entity 企业个体 Capital stock 股本 Corporation 公司 Cost principle 成本原则 Creditor 债权人 Deflation 通货紧缩 Disclosure 批露 Expenses 费用

会计方面专业术语的英文翻译

会计方面专业术语的英文翻译 acceptance 承兑 account 账户 accountant 会计员 accounting 会计 accounting system 会计制度 accounts payable 应付账款 accounts receivable 应收账款 accumulated profits 累积利益 adjusting entry 调整记录 adjustment 调整 administration expense 管理费用 advances 预付 advertising expense 广告费 agency 代理 agent 代理人 agreement 契约 allotments 分配数 allowance 津贴 amalgamation 合并 amortization 摊销 amortized cost 应摊成本 annuities 年金 applied cost 已分配成本 applied expense 已分配费用 applied manufacturing expense 己分配制造费用apportioned charge 摊派费用 appreciation 涨价 article of association 公司章程 assessment 课税 assets 资产 attorney fee 律师费 audit 审计 auditor 审计员 average 平均数 average cost 平均成本 bad debt 坏账 balance 余额

balance sheet 资产负债表 bank account 银行账户 bank balance 银行结存 bank charge 银行手续费 bank deposit 银行存款 bank discount 银行贴现 bank draft 银行汇票 bank loan 银行借款 bank overdraft 银行透支 bankers acceptance 银行承兑 bankruptcy 破产 bearer 持票人 beneficiary 受益人 bequest 遗产 bill 票据 bill of exchange 汇票 bill of lading 提单 bills discounted 贴现票据 bills payable 应付票据 bills receivable 应收票据 board of directors 董事会 bonds 债券 bonus 红利 book value 账面价值 bookkeeper 簿记员 bookkeeping 簿记 branch office general ledger 支店往来账户broker 经纪人 brought down 接前 brought forward 接上页 budget 预算 by-product 副产品 by-product sales 副产品销售 capital 股本 capital income 资本收益 capital outlay 资本支出 capital stock 股本 capital stock certificate 股票 carried down 移后 carried forward 移下页 cash 现金 cash account 现金账户 cash in bank 存银行现金 cash on delivery 交货收款

常见花的英文单词新选

常见花的英文单词 中国水仙new year lily 石榴pomegranate 月桂victor's laurel 报春花polyanthus 木棉cotton tree 紫丁香lilac 吊钟lady's eardrops 紫荆Chinese redbud 百合lily 紫罗兰wall flower 桃花peach 紫藤wisteria 杜鹃azalea 铃兰lily-of-the-valley 牡丹tree peony 银杏ginkgo 芍药peony 蝴蝶兰moth orchid 辛夷violet magnolia 蟹爪仙人掌Christmas cactus 玫瑰rose 郁金香tulip 茶花common camellia 千日红common globe-amaranth 非洲堇African violet 栀子花cape jasmine 木槿rose of Sharon 风信子hyacinth 百子莲African lily 牵牛花morning glory 君子兰kefir lily 荷包花lady's pocketbook 含笑花banana shrub 非洲菊African daisy 含羞草sensitive plant 茉莉Arabian jasmine 猪笼草pitcher plant 凌霄花creeper 树兰orchid tree 康乃馨coronation 鸡冠花cockscomb

荷花lotus 鸢萝cypress vine 菩提botree 大理花dahlia 圣诞百合Christmas bell 一串红scarlet sage 紫薇crape myrtle 勿忘我forget-me-not 睡莲water lily 文心兰dancing lady 吊兰spider plant 白头翁pappy anemone 向日葵sunflower 矢车菊cornflower 竹bamboo 金鱼草snapdragon 夹竹桃oleander 金盏花pot marigold 月季花china rose 金银花honeysuckle 长春花old maid 金莲花garden nasturtium 秋海棠begonia 非洲凤仙African touch-me-not 美人蕉canna 曼陀罗angel's trumpet 晚香玉tuberose 梅花flowering apricot 野姜花ginger lily 圣诞红common poinsettia 菊花chrysanthemum 虞美人Iceland poppy 昙花epiphyllum 鸢尾iris 龙胆royal blue 腊梅winter sweet 麒麟花crown of thorns 木芙蓉cotton rose 九重葛paper flower 火鹤花flamingo flower 三色堇tricolor viola 嘉德丽亚兰cattleya

会计术语中英对照

一、会计与会计理论 会计accounting 决策人Decision Maker 投资人Investor 股东Shareholder 债权人Creditor 财务会计Financial Accounting 管理会计Management Accounting 成本会计Cost Accounting 私业会计Private Accounting 公众会计Public Accounting 注册会计师CPA Certified Public Accountant 国际会计准则委员会IASC 美国注册会计师协会AICPA 财务会计准则委员会FASB 管理会计协会IMA 美国会计学会AAA 税务稽核署IRS 独资企业Proprietorship 合伙人企业Partnership 公司Corporation 会计目标Accounting Objectives 会计假设Accounting Assumptions 会计要素Accounting Elements 会计原则Accounting Principles 会计实务过程Accounting Procedures 财务报表Financial Statements 财务分析Financial Analysis 会计主体假设Separate-entity Assumption 货币计量假设Unit-of-measure Assumption 持续经营假设Continuity(Going-concern) Assumption 会计分期假设Time-period Assumption 资产Asset 负债Liability 业主权益Owner's Equity 收入Revenue 费用Expense 收益Income

亚洲常见花卉英文译名

亚洲常见花卉英文译名Abutilon pictum / Thomsonii风铃花 Abutilon Hybriden金铃花 Acacia dealbata银栲皮树 Acaena / New Zealand burr无瓣蔷薇(纽西兰球果属植物) Acanthus叶蓟属植物 Acer palmatum掌叶槭 Achillea / Yarrow丽纹锯草(蓍草属植物) Achimenes / Cupid's bower / hot water plant长筒花Actinidia狝猴桃<--攀缘植物 Adenium obesum沙漠玫瑰(天宝花) Adiantum capilus-veneris / True maidenhair fern铁线蕨Aegopodium podagraia 'Variegata'斑叶羊角芹 African daisy非洲菊 Agapanthus / African lily百子莲 Agastache藿香 Agave龙舌兰属植物 Ageratum houstonianum紫花霍香蓟 Agrostemma githago / Corn cockle麦仙翁 Ajuga reptans匍筋骨草 Akebia木通(别名:巧克力藤蔓) <--攀缘植物

Alcea rosea / Hollyhock蜀葵 Alchemilla / Lady's mantle斗篷草 Allium葱属 Aloe芦荟属植物 Alyssum香荠属植物 Amaranthus苋属植物 Ampelopsis山葡萄<--攀缘植物 Ampelopsis brevipedunculata蛇白蔹 Anchusa capensis / Alkanet非洲勿忘草Androsace carnea / Rock jasmine铜钱花Anethu, graveolens / Dill莳萝 Annual phlox福禄考 Antennaria dioica山荻 Anthemis西洋甘菊 Anthemis punctata subsp cupaniana春黄菊Antirrhinum majus / Snapdragon金鱼草 Arabis / Rock cress南芥菜(岩水芹) Aralia elata黃斑高? Arbutus野草莓樹 Arctotis Fastuosa / Monarch of the veldt南非雛菊Arenaria balearica蚤綴

常用的会计术语(1)

一些有用的会计术语 A: A share A股;甲类股份 abatement of tax 减税;减扣免税额 ABN AMRO Bank N.V. 荷兰银行 above-the-line expenditure 线上项目支出;经常预算支出above-the-line receipt 线上项目收入;经常预算收入ABSA Asia Limited 南非联合亚洲有限公司 absolute change 绝对数值变更 absolute expenditure 实际开支 absolute guideline figure 绝对准则数字 absolute interest 绝对权益 absolute order of discharge 绝对破产解除令 absolute profit margin 绝对利润幅度 absolute value 实值;绝对值 absolutely vested interest 绝对既得权益 absorbed cost 已吸收成本;已分摊成本 absorption 吸收;分摊;合并 absorption rate 吸收率;摊配率;分摊率 ACB Finance Limited 亚洲商业财务有限公司acceptable form of reciprocity 合理的互惠条件acceptable rate 适当利率;适当汇率

acceptance agreement 承兑协议 acceptance for honour 参加承兑 acceptor 承兑人;接受人;受票人 acceptor for honour 参加承兑人 accident insurance 意外保险 Accident Insurance Association of Hong Kong 香港意外保险公会accident insurance scheme 意外保险计划 accident year basis 意外年度基准 accommodation 通融;贷款 accommodation bill 通融票据;空头票据 accommodation party 汇票代发人 account balance 帐户余额;帐户结余 account book 帐簿 account collected in advance 预收款项 account current book 往来帐簿 account of after-acquired property 事后取得的财产报告account of defaulter 拖欠帐目 account payable 应付帐款 account payee only [A/C payee only] 只可转帐;存入收款人帐户account receivable 应收帐款 account receivable report 应收帐款报表 account statement 结单;帐单;会计财务报表 account title 帐户名称;会计科目

会计专业术语中英文对照参考

A (1)ABC 作业基础成本计算 A (2)absorbed overhead 已汲取制造费用 A (3)absorption costing 汲取成本计算 A (4)account 帐户,报表 A (5)accounting postulate 会计假设 A (6)accounting series release 会计公告文件 A (7)accounting valuation 会计计价 A (8)account sale 承销清单 A (9)accountability concept 经营责任概念 A (10)accountancy 会计职业 A (11)accountant 会计师 A (12)accounting 会计 A (13)agency cost 代理成本 A (14)accounting bases 会计基础 A (15)accounting manual 会计手册 A (16)accounting period 会计期间 A (17)accounting policies 会计方针 A (18)accounting rate of return 会计酬劳率 A (19)accounting reference date 会计参照日 A (20)accounting reference period 会计参照期间A (21)accrual concept 应计概念 A (22)accrual expenses 应计费用

A (23)acid test ration 速动比率(酸性测试比率) A (24)acquisition 购置 A (25)acquisition accounting 收购会计 A (26)activity based accounting 作业基础成本计算A (27)adjusting events 调整事项 A (28)administrative expenses 行政治理费 A (29)advice note 发货通知 A (30)amortization 摊销 A (31)analytical review 分析性检查 A (32)annual equivalent cost 年度等量成本法 A (33)annual report and accounts 年度报告和报表A (34)appraisal cost 检验成本 A (35)appropriation account 盈余分配帐户 A (36)articles of association 公司章程细则 A (37)assets 资产 A (38)assets cover 资产保障 A (39)asset value per share 每股资产价值 A (40)associated company 联营公司 A (41)attainable standard 可达标准 A (42)attributable profit 可归属利润 A (43)audit 审计 A (44)audit report 审计报告

AICPA财务英语中英文对照

AICPA财务英语中英文对照表 A account 账户 account payable 应付账款 accounting system 会计系统 Accounting Principle Board (APB) (美国)会计准则委员会 accrual basis 权责发生制(应计制) accumulated depreciation 累计折旧 account FORMat 账户格式 accrue 应计 accounting cycle 会计循环 accounts receivable 应收账款 accounts receivable turnover 应收账款周转率 accelerated depreciation 加速折旧 adjusting entries 调整分录 adjustment 调整 aging of accounts receivable 应收账款账龄分析法 allowance for bad debts 坏账准备 allowance for doubtful accounts 坏账准备 allowance for uncollectible 坏账准备 allowance method 备抵法 allowance for depreciation 折旧备抵账户 amortization 摊销 annual report 年度报告 annuity 年金 assets 资产

audit 审计 auditor’s opinion 审计意见书 auditor 审计师 audit committee 审计委员会 average collection period 平均收账期AICPA 美国注册会计师协会 APB Opinions 会计准则委员会意见书B balance 余额 bad debt recoveries 坏账收回 bad debts 坏账 bad debts expense 坏账费用 balance sheet 资产负债表 balance sheet equation 资产负债表等式basket purchase 一揽子采购 betterment 改造投资,改造工程投资bearer instrument 不记名票据 bonds 债券 book of original entry 原始分录账簿 book value 账面价值 C capital 资本 capital stock certificate 股本证明书 cash basis 收付实现制(现金收付制)cash dividends 现金股利 cash flow statement 现金流量表 carrying amount 账面价值 carrying value 账面价值 callable bonds 可赎债券,可提前兑回债券

财务英语专业术语

流动资产CURRENT ASSETS: 现金Cash on hand 银行存款Cash in bank 有价证券Marketable securitiea 应收票据Notes receivable 应收帐款Accounts receivable 坏帐准备Provision for bad debts 预付帐款Advances to suppliers 其他应收款Other receivables 待摊费用Deferred and prepaid expenses 存货Inventories 存货变现损失准备Provision for loss on realization of inventory 一年内到期的长期债券投资Long-term investments maturing within one year 其他流动资产Other current assets 长期投资Long-term in vestments 一年以上的应收款项Receivables collectable after one year 固定资产:FIXED ASSETS: 固定资产原价Fixed assets-cost 累计折旧Accumulated depreciation 固定资产净值Fixed assets-net value 固定资产清理Disposal of fixed assets 在建工程Construction in progress 无形资产INTANGIBLE ASSETS: 场地使用权Land occupancy right 工业产权及专有技术Proprietary technology and patents 其他无形资产Other intangibles assets 其他资产:OTHER ASSETS 开办费Organization expenses 筹建期间汇兑损失Exchange loss during start-up peried 递延投资损失Deferred loss on investments 递延税款借项Deferred taxes debit 其他递延支出Other deferred expenses 待转销汇兑损失Unamortized cxehange loss 流动负债CURRENT LIABILITIES: 短期借款Short term loans 应付票据Notes payable 应付帐款Accounts payable 应付工资Accrued payroll 应交税金Taxes payable 应付利润Dividends payable 预收货款Advances from customers 其他应付款Other payables

accounting术语

一、资产类 Assets 流动资产 Current assets 货币资金 Cash and cash equivalents 1001现金 Cash 1002 银行存款 Cash in bank 1009 其他货币资金 Other cash and cash equivalents '100901 外埠存款 Other city Cash in bank '100902 银行本票 Cashier's cheque '100903 银行汇票 Bank draft '100904 信用卡 Credit card '100905 信用证保证金 L/C Guarantee deposits '100906 存出投资款 Refundable deposits 1101 短期投资 Short-term investments '110101 股票 Short-term investments - stock '110102 债券 Short-term investments - corporate bonds '110103 基金 Short-term investments - corporate funds '110110 其他 Short-term investments - other 1102 短期投资跌价准备 Short-term investments falling price reserves 应收款 Account receivable 1111 应收票据 Note receivable 银行承兑汇票 Bank acceptance 商业承兑汇票 Trade acceptance 1121 应收股利 Dividend receivable 1122 应收利息 Interest receivable 1131 应收账款 Account receivable 1133 其他应收款 Other notes receivable 1141 坏账准备 Bad debt reserves 1151 预付账款 Advance money 1161 应收补贴款 Cover deficit by state subsidies of receivable 库存资产 Inventories 1201 物资采购 Supplies purchasing 1211 原材料 Raw materials 1221 包装物 Wrappage 1231 低值易耗品 Low-value consumption goods 1232 材料成本差异 Materials cost variance 1241 自制半成品 Semi-Finished goods 1243 库存商品 Finished goods 1244 商品进销差价 Differences between purchasing and selling price 1251 委托加工物资 Work in process - outsourced 1261 委托代销商品 Trust to and sell the goods on a commission basis 1271 受托代销商品 Commissioned and sell the goods on a commission basis 1281 存货跌价准备 Inventory falling price reserves 1291 分期收款发出商品 Collect money and send out the goods by stages

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