欢迎来到天天文库
浏览记录
ID:56992059
大小:928.50 KB
页数:35页
时间:2020-07-25
《高级财务会计课件.ppt》由会员上传分享,免费在线阅读,更多相关内容在教育资源-天天文库。
1、IntercompanyInventoryTransactions7McGraw-Hill/Irwin©2009TheMcGraw-HillCompanies,Inc.Allrightsreserved.GeneralOverviewWhentherehavebeenintercompanyinventorytransactions,eliminatingentriesareneededtoremovetherevenueandexpensesrelatedtotheintercompanytransfersrecordedbytheindividualc
2、ompaniesGeneralOverviewTheeliminationsensurethatonlythecostoftheinventorytotheconsolidatedentityisincludedintheconsolidatedbalancesheetwhentheinventoryisstillonhandandischargedtocostofgoodssoldintheperiodtheinventoryisresoldtononaffiliatesGeneralOverviewTransfersatcostThebalancesh
3、eetinventoryamountsattheendoftheperiodrequirenoadjustmentforconsolidationbecausethepurchasingaffiliate’sinventorycarryingamountisthesameasthecosttothetransferringaffiliateandtheconsolidatedentityWheninventoryisresoldtoanonaffiliate,theamountrecognizedascostofgoodssoldbytheaffiliat
4、emakingtheoutsidesaleisthecosttotheconsolidatedentityGeneralOverviewTransfersatcostAneliminatingentryisneededtoremoveboththerevenuefromtheintercorporatesaleandtherelatedcostofgoodssoldrecordedbythesellerConsolidatednetincomeisnotaffectedbytheeliminatingentryGeneralOverviewTransfer
5、sataprofitorlossCompaniesusedifferentapproachesinsettingintercorporatetransferpricesTheeliminationprocessmustremovetheeffectsofsuchsalesfromtheconsolidatedstatementsGeneralOverviewTransfersataprofitorlossTheworkpapereliminationsneededforconsolidationintheperiodoftransfermustadjust
6、accountsin:Consolidatedincomestatement:SalesandcostofgoodssoldConsolidatedbalancesheet:InventoryTheresultingfinancialstatementsappearasiftheintercompanytransferhadnotoccurredGeneralOverviewEffectoftypeofinventorysystemMostcompaniesuseeitheraperpetualoraperiodicinventorycontrolsyst
7、emtokeeptrackofinventoryandcostofgoodssoldThechoicebetweentheseinventorysystemsresultsindifferententriesonthebooksoftheindividualcompaniesand,therefore,slightlydifferentworkpapereliminatingentriesinpreparingconsolidatedfinancialstatementsDownstreamSaleofInventoryForconsolidationpu
8、rposes,profitsrecordedonaninterco
此文档下载收益归作者所有