PPT-Chapter 6 Merchandising Operations and the Multistep Income Statement

PowerPoint Author Brandy Mackintosh CA Learning Objective 61 Distinguish between service and merchandising operations Operating Cycles Operating Cycles in thousands in millions. Business Decisions and Financial Accounting. PowerPoint Authors:. Brandy Mackintosh. Lindsay . Heiser. Learning Objective 1-1. Describe various organizational forms and business decision. makers.. Statements of income and comprehensive income. Statements of financial position and changes in equity. Remember the attendance sheet!. I. Statements of income and comprehensive income. Theoretical considerations. Understand how firms create value and manage performance.. Understand how users use information about performance to make decisions.. Understand the concept of and be able to assess quality of earnings/information.. How to Identify Multistep Equations |Combining Terms| How to Solve Multistep Equations | Consecutive Integers | Multistep Inequalities. Learning Objectives. Use the properties of equality to solve multistep equations of one unknown. RICHARD G. SCHROEDER . MYRTLE W. CLARK . JACK M. CATHEY. THEORY . AND. ANALYSIS: . TEXT AND CASES. 11. TH. EDITION. CHAPTER 6. Financial Statements I:. The Income Statement. Introduction. Various groups are affected by, and have a stake in, the financial reporting requirements of the FASB and the SEC. Business Decisions and Financial Accounting. PowerPoint Authors:. Brandy Mackintosh. Lindsay . Heiser. Learning Objective 1-1. Describe various organizational forms and business decision. makers.. It is an important management function. Without thoroughly doing so, managers will not know whether the planned goals is attained or not. Successful . FOMs. evaluate the results of department activities on a daily, monthly, quarterly and yearly basis. $120,000 available goods to sell. $25,000 not sold & on hand. $95,000 sold during fiscal period. EXAMPLE:. Balance sheet: current asset (Merchandise inventory). Physical count of inventory .  accuracy  lost, theft, damaged, returns. Concepts. Chapter 2. Learning Objectives. After studying this chapter, you should be able to:. Describe the basic elements of a financial accounting system. Analyze, record, and summarize transactions for a corporation’s first period of operations. American horse company . Mohammed . Alhouty. . 200900077 . Dr.james. wood. Abdullah . aljafar. . 200800753 Sec:101. Nezar. . almusallam. 200801234. Ayman. . alsultan. CASE 5-1. JOHN AMOS CORPORATION. INCOME STATEMENT. Sales $850,000. Dividends 32,300. Learning Objectives. Describe the corporate income tax formula, compare and contrast the corporate to the individual tax formula, and discuss tax considerations relating to corporations’ accounting periods and accounting methods. Licensing and Royalties. 1. Chapter Objectives. Define the term image.. Describe the role of merchandising in entertainment marketing.. Discuss how the United States government controls endorsements.. Learn here how Visual Merchandising services help to elevate the retail experience of your business.