《Accounting(会计学基础)》教学大纲-英文(4)

2. Sales returns and allowances

D. Completing the Accounting Cycle

1. Adjusting entries for merchandisers 2. Preparing financial statements 3. Closing entries for merchandisers 4. Summary of merchandising entries

E. Financial Statements Formats

1. Multiple-step income statement 2. Single-step income statement 3. Classified balance sheet

F. Perpetual Inventory System and Periodic Inventory System

1. Accounting for inventory transaction using a perpetual inventory system 2. Accounting for inventory transaction using a periodic inventory system

【Key points & Difficult points】

Key points：Describe both perpetual and periodic inventory systems

Analyze and record transactions for merchandise purchases using a perpetual system Analyze and record transactions for merchandise sales using a perpetual system Define and prepare multiple-step and single-step income statements

Difficult points：Record and compare merchandising transactions using both periodic and perpetual inventory systems

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Chapter 6 Inventories and Cost of Sales

【Objectives】

In this chapter, you will learn the following conceptual objectives: C1: Identify the items making up merchandise inventory C2: Identify the costs of merchandise inventory

In this chapter, you will learn the following analytical objectives:

A1: Analyze the effects of inventory methods for both financial and tax reporting A2: Analyze the effects of inventory errors on current and future financial statements In this chapter, you will learn the following procedural objectives:

P1: Compute inventory in a perpetual system using the methods of specific identification, FIFO, LIFO, and weighted average

P2: Compute the lower of cost or market amount of inventory

P3: Appendix 6A: Compute inventory in a periodic system using the methods of specific identification, FIFO, LIFO, and weighted average

【Contents】

A. Inventory Basics

1. Determining inventory items 2. Determining inventory costs

3. Internal controls and taking a physical count

B. Inventory Costing under a Perpetual Inventory System

1. Inventory cost flow assumptions 2. Inventory costing illustration 3. Specific identification 4. First-in, first-out 5. Last-in, first-out 6. Weighted average

7. Financial statement effects of costing methods

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8. Consistency in using costing methods

C. Valuing Inventory at LCM and the Effects Inventory Errors

1. Lower of cost or Market

2. Financial statement effects of inventory errors

D. Inventory Costing Under a Periodic Inventory System

1. Specific identification 2. First-in, first-out 3. Last-in, first-out 4. Weighted average

5. Financial statement effects of costing methods

【Key points & Difficult points】

Key points：Compute inventory in a perpetual system using the methods of specific identification, FIFO, LIFO, and weighted average

Compute the lower of cost or market amount of inventory

Difficult points：Analyze the effects of inventory methods for both financial and tax reporting

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Chapter 7 Accounting Information Systems

【Objectives】

In this chapter, you will learn the following conceptual objectives: C1: Identify fundamental principles of accounting information systems C2: Identify components of accounting information systems C3: Explain the goals and uses of special journals

In this chapter, you will learn the following procedural objectives: P1: Journalize and post transactions using special journals P2: Prepare and prove the accuracy of subsidiary ledgers

【Contents】

A. Fundamental System Principles

1. Control principle 2. Relevance principle 3. Compatibility principle 4. Flexibility principle 5. Cost-benefit principle

B. Special Journals in Accounting

1. Basics of special journals 2. Subsidiary ledgers 3. Sales journal 4. Cash receipts journal 5. Purchases journal 6. Cash disbursement journal 7. General journal transactions

【Key points & Difficult points】

Key points：Explain the goals and uses of special journals

Journalize and post transactions using special journals

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Prepare and prove the accuracy of subsidiary ledgers

Difficult points：Explain the goals and uses of special journals

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