Current Assets

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Special Issues for Merchants
       
     The Merchandising Operation -- Sales:
 
  Sales Terminology and Concepts Excel link  
 
     Purchase Considerations For Merchandising Businesses:
 
  Gross v. Net Entries and Impact Excel link  
  Buyer and Seller Entries Excel link  
  Calculating Cost of Goods Sold Excel link  
  Detailed Income Statement Excel link  
  Closing Accounts with Debits and Credits Excel link  
 
     Alternative Inventory System:
 
  Comparing Periodic and Perpetual Systems Excel link  
 
     Income Statement Enhancements:
 
  Analysis of Profit Margins Excel link  
 
     The Control Structure:
 
  Control Strengths and Weaknesses Excel link  
       

 

 

 

 

Cash and highly-Liquid Investments
       
     Cash Composition:
 
  Identifying Cash Items Excel link  
 
     Cash Management:
 
  Cash Management Excel link  
 
     Bank Reconciliation:
 
  Bank Reconciliation Tool Excel link  
 
     Petty Cash:
 
  Petty Cash Entries Excel link  
 
     Trading Securities:
 
  Trading Securities Excel link  
       

 

 

 

 

Accounts receivable
       
     Accounting For Uncollectible Receivables:
 
  Direct Write-Off Method Excel link  
 
     Alternative Approaches For Uncollectibles:
 
  Aging of Accounts Receivable Excel link  
  Journal Entries for Allowance Method Excel link  
  Accounts Receivable Ratios Excel link  
 
     Notes Receivable:
 
  Adjusting Entries For Notes Receivable Excel link  
       

 

 

 

 

Inventory
       
     The Components Of Inventory:
 
  Items to Include in Inventory Excel link  
 
     Inventory Costing Methods:
 
  Periodic Inventory Costing Methods Excel link  
 
     Perpetual Inventory Systems:
 
  Perpetual FIFO Excel link  
  Perpetual LIFO Excel link  
  Moving Average Excel link  
 
     Inventory Estimation Techniques:
 
  Gross Profit Method Excel link  
  Retail Method Excel link  
 
     Inventory Management:
 
  Inventory Turnover Ratio Excel link