文档介绍：3 Current assets and Current Liabilities
Chapter 3
Current
assets and Current Liabilities
Learning Objectives
Define cash and explain means of achieving internal control over cash transactions3>.
Understand the importance of cash management.
Prepare a bank reconciliation and explain its purpose.
Make allowance for doubtful accounts.
Write off an uncollectible account receivable.
Recover the accounts receivable previously written off.
Learning Objectives
Explain what inventory is.
Introduce two systems of inventory accounting.
Explain what taking a physical inventory is.
Introduce the methods of estimating inventories.
Define current liabilities.
Accounts for notes payable and interest expenses.
Key Words
bank account 银行账户
bank charges 银行手续费
bank reconciliation 银行余额调节表
bank statement 银行对账单
cash in bank 银行存款
cash on hand 库存现金
Check 支票
internal control 内部控制
IOU (I owe you) 欠条
accounts receivable turnover应收账款周转率
aging 账龄(分析)
allowance for doubtful accounts坏账准备
credit ranking 信用评级
credit risk 信用风险
installment plan 分期付款计划
operating cycle 经营周期
Key Words
sell on account 赊销
uncollectible accounts expense坏账损失
write off 核销、冲减
acquisition 取得
actual physical count 实地盘点
average cost method 平均成本法
balance sheet date 资产负债表日
Inventory 存货
Key Words
beginning inventory 期初存货
cost of goods available for sale
可供销售的商品成本
cost of goods sold 销货成本
current asset 流动资产
Deflation 通货紧缩
ending inventory 期末存货
finished goods 产成品
Key Words
goods in process of manufacture在产品
goods on hand 存货、库存商品
goods in transit 在途商品
gross profit method 毛利法
gross profit on sales 销货毛利
import duties 进口关税
inflation 通货膨胀
inventory sheet 盘存表
Key Words
first-in ,first-out method (FIFO) 先进先出法
last-in, first-out method (LIFO) 后进先出法
loss on inventory shortage 存货短缺损失
lower of cost or market rule (LCM)
成本与市价孰低法
net realizable value 可变现净值
periodic inventory system 定期盘存制
perpetual inventory system 永续盘存制
Key Words
physical inventory system 实地盘存制
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