PPT-Chapter 8 Valuation of Inventories: A Cost-Basis Approach

ACCT3030 1 1 Introduction Definition Assets held for sale in the ordinary course of business or goods that will be consumed in production Importance Cost of inventory all expenditures necessary in acquiring goods and converting them to saleable condition. Intermediate Accounting. IFRS 2nd . Edition. Kieso, Weygandt, and Warfield. . 8. Understand . the items to include as inventory . cost.. Describe . and compare the methods used to price inventories.. for EEPFP. 05. th. February 2013. AGENDA. 1. Property Valuation. 2. Function of a . Valuer. 3. Reasons for undertaking valuations. 4. Constitutional rights. 5. Factors to be considered in valuation of property. Julia . Makarieva. Jennifer . Waclawik. Becky Fay . Grayson . Schrantz. Alex Perez. Definition of Inventory. US GAAP- considered more. rules based. IFRS- considered more principle based. The. aggregate of those items of tangible personal property that are:. Intermediate Accounting. IFRS 2nd . Edition. Kieso, Weygandt, and Warfield. . 9. Determine . ending inventory by applying the . gross profit method.. Determine . ending inventory by applying the . retail inventory method.. COMPANY. 817-698-9999. WWW.Reitman.US. 5408Woodway Drive. Fort Worth, Texas 76133. General Accounting, Tax Preparation and Representation. Valuation Services. Brokerage. Due Diligence. Valuation is a Profession . IFRS 2nd . Edition. Kieso, Weygandt, and Warfield. . 8. Understand . the items to include as inventory . cost.. Describe . and compare the methods used to price inventories.. After studying this chapter, you should be able to:. Flom. , CPA/ABV/CFF. , CVA. What is your company worth?. Value depends on a number of different things:. Buyer. Industry. Profitability . Cash Flow. Assets. A valuation is based on the future outlook of the business.. -A.K.GANESHAN. Retd.Sr.AFA/SF. Accounting. The Following are the main bases of accounting. Cash basis. Accrual basis. Mixed basis i.e., partly cash basis and partly accrual basis. What is Cash Accounting System. (2. nd. . ed. ). Self Report. Biodata. Unstructured & Structured Interviews. Chapter 12 Inventories and Interviews. 1. INVENTORIES. Varieties of Inventories. Checklists. Scaled Response Inventories. Original blog posting . (September 23, . 2015). Home Depot. Largest home improvement specialty retailer, with more th. an 2,200 retail stores in North America. Home Depot had revenues of more than $83 billion for its fiscal year ending February 1, 2015. 148x0000x0000CHAPTER HANGE IN RIVATE NVENTORIES7-2Definitions and ConceptsIPIis the NIPAmeasurethe flow or change in the stock of inventories held by private business over a specified periodhe stock o Consult a quali31ed tax professional to determine which cost basis method is appropriate for your tax situation Heartland Funds will apply the Average Cost Method to your covered shares if no electio INVENTORIES. OBJECTIVE. It Prescribe the accounting treatment of inventories.. It Deals with the determination of cost.. It determines Subsequent recognition as an expense, including any write-down to NRV.. Suryo Widiantoro, MMSI, M.Com(IS). Mahasiswa mampu melakukan perencanaan untuk memastikan kelancaran operasi rantai pasok . Capaian. . Pembelajaran. . Materi. . Perkuliahan. Manajemen persediaan dalam organisasi.