会计英语IAS2Inventoryppt课件.ppt

AccountingEnglish会计英语 Unit8IAS2Inventories存货 Keyterms Openinginventory期初存货Closinginventory期末存货Purchasecost采购成本Costofconvention加工成本Tradediscount商业折扣Rawmaterials原材料Workintheprocess半成品Finishedgoods完成产品Specificidentification具体辨认法FIFO firstinfirstout 先进先出法 Keyterms LIFO lastinfirstout 后进先出法AVCO averageweightedcost 加权平均法Periodicweightedaverage周期加权平均法Continuousweightedaverage连续加权平均法Netrealizablevalue NRV 可变现净值Costofgoodssold销货成本 InventorydefinitionbyIAS2 Inventoriesaretheassets whichshownbelowintheordinarycourseofbusiness Heldforsale finishedgoods Intheproductionprocessforsale workinprocess Materialsorsupplies tobeconsumedintheproductionprocess rawmaterials Purchasecostandpricingmethod 采购成本及计价方法 IAS2regulatethereareseveralcostshouldbeincludedinthecostofinventory Costsofpurchase incl taxes transport andhandlingcost lesstradediscountsreceived Costsofconvention incl fixedandvariablemanufacturingoverheads Othercostsincurredinbringingtheinventoriestotheirpresentlocationandcondition Methodsofpricinginventories 存货计价方法 Specificidentificationmethod assignedtoeachunit whicheasilyidentifiedwithahighunitcost eg Jewelersorantiques FIFO usedorsoldintheorderinwhichtheyareacquired Inventoryisstatedwithcurrentcostsinthestatementoffinancialposition Limitation previouscostagainstcurrentrevenue Methodsofpricinginventories 存货计价方法 LIFO Disallowed IAS2 revised doesnotpermittheuseofLIFO AVCO averageweightedcost averagepriceofthecomponentsischangedaspurchasingpriceschange TwopossiblemethodsofcalculatingAVCO Continuousweightedaveragemethod newunitcostofinventoryiscalculatedwheneveranewreceiptofmaterialsoccurs AVCO Remaininginventorycost IssuescostPeriodicweightedaveragemethod usesasimpleaverageofthepurchasepricespaidduringtheperiodanditcalculatestheaveragecostsofunitsreceiptduringanaccountingperiod TransactionsduringMay20 x1ofLIXINcompanyareasfollows HowwouldissuesandclosinginventorybevaluedusingFIFOandAVCOmethodinturn Solution a FIFO Solution b AVCOcontinuousweightedaverage Solution b AVCOperiodicweightedaverage Theaveragecostduringtheperiod 3 300 350units 9 43Thevalueofclosinginventory 9 43 50units 471 5 Measurementofinventory存货的计量 IAS2statesthatinventoriesshouldbemeasuredatthelowerofCOSTandnetrealizablevalue NRV NRV SellingPrice CompletionCosts SellingCosts Example1 LIXINCompanyhas200differentitemswhichhadcost 40each Theseitemswerefoundtobedefectiveatthebalancesheetdate Thecostofrectificationafterthebalancesheetdateistobe 1 500 afterwhichtheycouldbesoldfor 50each withsellingexpensestotaling 800 Thejournalentryrequiredtorecognizethelossandreducetheinventoryamountis DEBITLossonwrite downofinventory Expense 300CREDITInventory300 Doubleentrybookkeeping复式记账法 Example2 supposeacompanyhasthreeitemsofinventory theircostandNRVsareasfollows Calculatetheamountoflossonwrite downofinventoryandtheinventoryvalueappearsinthestatementoffinancialposition DEBITLossonwrite downofinventory 205 000 199 000 6 000CREDITInventory 6 000Therefore AnswerforQ1is 6 000 andforQ2is 199 000 Costofsales销售成本 Example LIXINcompanyhaspurchasedgoodscosting 78 000andhasmadesalestotaling 120 000bytheendof20 x1 Goodscosting 5 000havenotbeensoldbytheendoftheyear Assumet