Principles of Financial Accounting · 免费预览
存货计价错误的影响
期末存货的差错会影响本期的销货成本、毛利润和净利润，并在下一期冲回，因此即使是出于诚实的盘点失误，也必须在财务报表发布之前予以更正。
1. The formula that transmits the error
The formula that transmits the error
2. An overstatement example
An overstatement example
3. The counterbalancing reversal
The counterbalancing reversal
4. Discovering errors in practice
Discovering errors in practice
5. Direction of the effect
Ending inventory is overstated by 5,000 dollars. What happens to current period net income?
6. Balance sheet consequence
An overstated ending inventory of 5,000 dollars affects the balance sheet in which way?
7. Counterbalancing meaning
Why are inventory errors called counterbalancing?
8. Consignment counting error
A company includes 8,000 dollars of consigned goods, which belong to a supplier, in its year-end count. Which statements are affected and how?
9. Error size from COGS difference
Reported cost of goods sold is 142,000 dollars. Correcting the ending inventory count raises cost of goods sold by 3,000 dollars. Compute the inventory overstatement in dollars, number only.
10. Reversal direction next year
This year ending inventory was overstated by 5,000 dollars, inflating this year's income. Compute next year's income error in dollars, ignoring taxes, and state the sign as a number.