Enviar búsqueda
Cargar
Cost Accounting Chapter 10
•
Descargar como PPT, PDF
•
8 recomendaciones
•
2,692 vistas
Institute of Management Studies UOP
Seguir
Educación
Empresariales
Economía y finanzas
Denunciar
Compartir
Denunciar
Compartir
1 de 47
Descargar ahora
Recomendados
Cost Accounting Chapter 9
Cost Accounting Chapter 9
Institute of Management Studies UOP
Chap009 notes
Chap009 notes
Fatima Ehsan
Cost Accounting Chapter 8
Cost Accounting Chapter 8
Institute of Management Studies UOP
Lecture-4
Lecture-4
University of Dhaka
Williams09
Williams09
Institute of Management Studies UOP
Pensioen Forum 2009, Rotterdam, 30 September 2009
Pensioen Forum 2009, Rotterdam, 30 September 2009
fvalkenburg
Institutional Net Lease Fund, Summary Information
Institutional Net Lease Fund, Summary Information
David Wrubel
09 plantassetsnaturalresourcesandintangibleassets
09 plantassetsnaturalresourcesandintangibleassets
Dr. Lailoona Jaweed
Recomendados
Cost Accounting Chapter 9
Cost Accounting Chapter 9
Institute of Management Studies UOP
Chap009 notes
Chap009 notes
Fatima Ehsan
Cost Accounting Chapter 8
Cost Accounting Chapter 8
Institute of Management Studies UOP
Lecture-4
Lecture-4
University of Dhaka
Williams09
Williams09
Institute of Management Studies UOP
Pensioen Forum 2009, Rotterdam, 30 September 2009
Pensioen Forum 2009, Rotterdam, 30 September 2009
fvalkenburg
Institutional Net Lease Fund, Summary Information
Institutional Net Lease Fund, Summary Information
David Wrubel
09 plantassetsnaturalresourcesandintangibleassets
09 plantassetsnaturalresourcesandintangibleassets
Dr. Lailoona Jaweed
Ch05
Ch05
Delta College
Accounting GAAP
Accounting GAAP
Muhammad Sher
M.nauman sher, 42, 7th semester section a
M.nauman sher, 42, 7th semester section a
Muhammad Sher
Williams07
Williams07
Institute of Management Studies UOP
Williams03
Williams03
Institute of Management Studies UOP
(M.nauman sher) accounting journal entries
(M.nauman sher) accounting journal entries
Muhammad Sher
Chapter8
Chapter8
khan1432
Williams01
Williams01
Institute of Management Studies UOP
cash, by: Weygandt kimmel kieso
cash, by: Weygandt kimmel kieso
dinioctoriauns
Tb chapter-01
Tb chapter-01
delfin321
Cost Accounting
Cost Accounting
Himadri Shekhar
Chapter 10
Chapter 10
Irvan Adhiwardana
Chapter 8
Chapter 8
ysitko2
The Accounting Cycle:Capturing Economic Events
The Accounting Cycle:Capturing Economic Events
Muhammad Unaib Aslam
Ch01
Ch01
Eddy Suranta
Akuntansi Manajemen Edisi 8 oleh Hansen & Mowen Bab 9
Akuntansi Manajemen Edisi 8 oleh Hansen & Mowen Bab 9
Dwi Wahyu
Revenue Bagian 1
Revenue Bagian 1
iyandri tiluk wahyono
Cost Accounting B.Com Part 2 Solved Past Papers 2011
Cost Accounting B.Com Part 2 Solved Past Papers 2011
Paksights
Chapter 8 - Accounting for Receivables
Chapter 8 - Accounting for Receivables
Michelly Onggo
Comparison of budget 2014-15 and 2015-16 (pakistan)
Comparison of budget 2014-15 and 2015-16 (pakistan)
Faiz Ahmed
Whbm10
Whbm10
PMAS UIIT Rawalpindi
Whbm10
Whbm10
Shakeel Ahmed
Más contenido relacionado
Destacado
Ch05
Ch05
Delta College
Accounting GAAP
Accounting GAAP
Muhammad Sher
M.nauman sher, 42, 7th semester section a
M.nauman sher, 42, 7th semester section a
Muhammad Sher
Williams07
Williams07
Institute of Management Studies UOP
Williams03
Williams03
Institute of Management Studies UOP
(M.nauman sher) accounting journal entries
(M.nauman sher) accounting journal entries
Muhammad Sher
Chapter8
Chapter8
khan1432
Williams01
Williams01
Institute of Management Studies UOP
cash, by: Weygandt kimmel kieso
cash, by: Weygandt kimmel kieso
dinioctoriauns
Tb chapter-01
Tb chapter-01
delfin321
Cost Accounting
Cost Accounting
Himadri Shekhar
Chapter 10
Chapter 10
Irvan Adhiwardana
Chapter 8
Chapter 8
ysitko2
The Accounting Cycle:Capturing Economic Events
The Accounting Cycle:Capturing Economic Events
Muhammad Unaib Aslam
Ch01
Ch01
Eddy Suranta
Akuntansi Manajemen Edisi 8 oleh Hansen & Mowen Bab 9
Akuntansi Manajemen Edisi 8 oleh Hansen & Mowen Bab 9
Dwi Wahyu
Revenue Bagian 1
Revenue Bagian 1
iyandri tiluk wahyono
Cost Accounting B.Com Part 2 Solved Past Papers 2011
Cost Accounting B.Com Part 2 Solved Past Papers 2011
Paksights
Chapter 8 - Accounting for Receivables
Chapter 8 - Accounting for Receivables
Michelly Onggo
Comparison of budget 2014-15 and 2015-16 (pakistan)
Comparison of budget 2014-15 and 2015-16 (pakistan)
Faiz Ahmed
Destacado
(20)
Ch05
Ch05
Accounting GAAP
Accounting GAAP
M.nauman sher, 42, 7th semester section a
M.nauman sher, 42, 7th semester section a
Williams07
Williams07
Williams03
Williams03
(M.nauman sher) accounting journal entries
(M.nauman sher) accounting journal entries
Chapter8
Chapter8
Williams01
Williams01
cash, by: Weygandt kimmel kieso
cash, by: Weygandt kimmel kieso
Tb chapter-01
Tb chapter-01
Cost Accounting
Cost Accounting
Chapter 10
Chapter 10
Chapter 8
Chapter 8
The Accounting Cycle:Capturing Economic Events
The Accounting Cycle:Capturing Economic Events
Ch01
Ch01
Akuntansi Manajemen Edisi 8 oleh Hansen & Mowen Bab 9
Akuntansi Manajemen Edisi 8 oleh Hansen & Mowen Bab 9
Revenue Bagian 1
Revenue Bagian 1
Cost Accounting B.Com Part 2 Solved Past Papers 2011
Cost Accounting B.Com Part 2 Solved Past Papers 2011
Chapter 8 - Accounting for Receivables
Chapter 8 - Accounting for Receivables
Comparison of budget 2014-15 and 2015-16 (pakistan)
Comparison of budget 2014-15 and 2015-16 (pakistan)
Similar a Cost Accounting Chapter 10
Whbm10
Whbm10
PMAS UIIT Rawalpindi
Whbm10
Whbm10
Shakeel Ahmed
Chap010 notes (1)
Chap010 notes (1)
Fatima Ehsan
Financial Accounting chp 11
Financial Accounting chp 11
Sara Zubair
Accurals adjusting entries
Accurals adjusting entries
RAZA ABBAS
FM Chapter 12
FM Chapter 12
Dr. Muath Asmar
Whbm02
Whbm02
Raheela Khan
IAS 12 INCOME TAX
IAS 12 INCOME TAX
abiodunmamora
Liabilities
Liabilities
Muhammad Unaib Aslam
Debentures
Debentures
HARSHIT GARG
Whbm04
Whbm04
Shakeel Ahmed
Whbm04
Whbm04
PMAS UIIT Rawalpindi
Whbm04
Whbm04
Zakir Abbas
Whbm04
Whbm04
PMAS UIIT Rawalpindi
Whbm13
Whbm13
PMAS UIIT Rawalpindi
Whbm13
Whbm13
Shakeel Ahmed
McGladrey presentation at June 2012 EEI Public Filers Symposium - Update on J...
McGladrey presentation at June 2012 EEI Public Filers Symposium - Update on J...
Brian Marshall
Lee Bia Surety Presentation 4-6-2011
Lee Bia Surety Presentation 4-6-2011
jreedcpa
Operation and production management
Operation and production management
SaithYasir
McGladrey Revised Revenue Recognition Exposure Draft Webcast – What Does It M...
McGladrey Revised Revenue Recognition Exposure Draft Webcast – What Does It M...
Brian Marshall
Similar a Cost Accounting Chapter 10
(20)
Whbm10
Whbm10
Whbm10
Whbm10
Chap010 notes (1)
Chap010 notes (1)
Financial Accounting chp 11
Financial Accounting chp 11
Accurals adjusting entries
Accurals adjusting entries
FM Chapter 12
FM Chapter 12
Whbm02
Whbm02
IAS 12 INCOME TAX
IAS 12 INCOME TAX
Liabilities
Liabilities
Debentures
Debentures
Whbm04
Whbm04
Whbm04
Whbm04
Whbm04
Whbm04
Whbm04
Whbm04
Whbm13
Whbm13
Whbm13
Whbm13
McGladrey presentation at June 2012 EEI Public Filers Symposium - Update on J...
McGladrey presentation at June 2012 EEI Public Filers Symposium - Update on J...
Lee Bia Surety Presentation 4-6-2011
Lee Bia Surety Presentation 4-6-2011
Operation and production management
Operation and production management
McGladrey Revised Revenue Recognition Exposure Draft Webcast – What Does It M...
McGladrey Revised Revenue Recognition Exposure Draft Webcast – What Does It M...
Más de Institute of Management Studies UOP
Hashim Khan Marketing MBA Marketing
Hashim Khan Marketing MBA Marketing
Institute of Management Studies UOP
Swot analysis of the logistic at haier pakistan
Swot analysis of the logistic at haier pakistan
Institute of Management Studies UOP
Google Products Innovation
Google Products Innovation
Institute of Management Studies UOP
Operation Mgmt Lecture 3 by Yasir Anwar
Operation Mgmt Lecture 3 by Yasir Anwar
Institute of Management Studies UOP
2nd presentation the history and the study of the entrepreneurship in the his...
2nd presentation the history and the study of the entrepreneurship in the his...
Institute of Management Studies UOP
Baumol productive unproductive destructive
Baumol productive unproductive destructive
Institute of Management Studies UOP
Managerial Economics Chap 3
Managerial Economics Chap 3
Institute of Management Studies UOP
Managerial Economics Chap 2
Managerial Economics Chap 2
Institute of Management Studies UOP
Managerial Economics Chap 1
Managerial Economics Chap 1
Institute of Management Studies UOP
Brm 3
Brm 3
Institute of Management Studies UOP
Brm 2
Brm 2
Institute of Management Studies UOP
Brm 1
Brm 1
Institute of Management Studies UOP
Brm 3
Brm 3
Institute of Management Studies UOP
Logic & critical thinking (fallacies unit 3)
Logic & critical thinking (fallacies unit 3)
Institute of Management Studies UOP
Logic unit 1
Logic unit 1
Institute of Management Studies UOP
Excel.01
Excel.01
Institute of Management Studies UOP
Ch09a
Ch09a
Institute of Management Studies UOP
Ch08a
Ch08a
Institute of Management Studies UOP
Telecommunication in pakistan
Telecommunication in pakistan
Institute of Management Studies UOP
Chapter 1 what is organizational behaviour
Chapter 1 what is organizational behaviour
Institute of Management Studies UOP
Más de Institute of Management Studies UOP
(20)
Hashim Khan Marketing MBA Marketing
Hashim Khan Marketing MBA Marketing
Swot analysis of the logistic at haier pakistan
Swot analysis of the logistic at haier pakistan
Google Products Innovation
Google Products Innovation
Operation Mgmt Lecture 3 by Yasir Anwar
Operation Mgmt Lecture 3 by Yasir Anwar
2nd presentation the history and the study of the entrepreneurship in the his...
2nd presentation the history and the study of the entrepreneurship in the his...
Baumol productive unproductive destructive
Baumol productive unproductive destructive
Managerial Economics Chap 3
Managerial Economics Chap 3
Managerial Economics Chap 2
Managerial Economics Chap 2
Managerial Economics Chap 1
Managerial Economics Chap 1
Brm 3
Brm 3
Brm 2
Brm 2
Brm 1
Brm 1
Brm 3
Brm 3
Logic & critical thinking (fallacies unit 3)
Logic & critical thinking (fallacies unit 3)
Logic unit 1
Logic unit 1
Excel.01
Excel.01
Ch09a
Ch09a
Ch08a
Ch08a
Telecommunication in pakistan
Telecommunication in pakistan
Chapter 1 what is organizational behaviour
Chapter 1 what is organizational behaviour
Último
Application orientated numerical on hev.ppt
Application orientated numerical on hev.ppt
RamjanShidvankar
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
pradhanghanshyam7136
How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17
Celine George
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
Nguyen Thanh Tu Collection
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
QucHHunhnh
ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.
MaryamAhmad92
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
christianmathematics
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx
Amanpreet Kaur
Unit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptx
VishalSingh1417
Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University of Engineering & Technology, Jamshoro
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Denish Jangid
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
MaritesTamaniVerdade
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...
Poonam Aher Patil
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
Nirmal Dwivedi
Dyslexia AI Workshop for Slideshare.pptx
Dyslexia AI Workshop for Slideshare.pptx
callscotland1987
Vishram Singh - Textbook of Anatomy Upper Limb and Thorax.. Volume 1 (1).pdf
Vishram Singh - Textbook of Anatomy Upper Limb and Thorax.. Volume 1 (1).pdf
ssuserdda66b
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
christianmathematics
Sociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning Exhibit
jbellavia9
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
ZurliaSoop
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The Basics
TechSoup
Último
(20)
Application orientated numerical on hev.ppt
Application orientated numerical on hev.ppt
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx
Unit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptx
Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
Dyslexia AI Workshop for Slideshare.pptx
Dyslexia AI Workshop for Slideshare.pptx
Vishram Singh - Textbook of Anatomy Upper Limb and Thorax.. Volume 1 (1).pdf
Vishram Singh - Textbook of Anatomy Upper Limb and Thorax.. Volume 1 (1).pdf
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
Sociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning Exhibit
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The Basics
Cost Accounting Chapter 10
1.
Slide 0-1
Chapter LIABILITIES 10 McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
2.
Slide 0-2
The Nature of Liabilities Defined as debts or obligations arising from past transactions or events. Maturity = 1 year or less Maturity > 1 year Current Noncurrent Liabilities Liabilities I.O.U. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
3.
Slide 0-3
Distinction Between Debt and Equity The acquisition of assets is financed from two sources: DEBT EQUITY Funds from creditors, with Funds from a definite due date, and owners sometimes bearing McGraw-Hill/Irwin interest. © The McGraw-Hill Companies, Inc., 2002
4.
Slide 0-4
Liabilities – Question Devon Mfg. borrows $100,000 from First Bank. The loan will be repaid in 20 years and has an annual interest rate of 8%. Is this a current liability or a noncurrent liability? The obligation will not be paid within one year or one operating cycle, so it is a noncurrent liability. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
5.
Slide 0-5
Evaluating Liquidity An important indicator of a company’s ability to meet its current obligations. Two commonly used measures: Working Capital = Current Assets - Current Liabilities Current Ratio = Current Assets ÷ Current Liabilities McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
6.
Slide 0-6
Liabilities – Question Devon Mfg. has current liabilities of $230,000 and current assets of $322,000. What is Devon’s current ratio? McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
7.
Slide 0-7
Accounts Payable Short-term obligations to suppliers for purchases of merchandise and to others for goods and services. Office Merchandise supplies inventory invoices invoices Utility and Shipping phone bills charges McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
8.
Slide 0-8
Notes Payable When a company borrows money, a note payable is created. Current Portion of Notes Payable The portion of a note payable that is due within one year, or one operating cycle, whichever is longer. Current Notes Payable Total Notes Payable Noncurrent Notes Payable McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
9.
Slide 0-9
Notes Payable PROMISSORY NOTE Miami, Fl Nov. 1, 2003 Location Date Six months after this date Porter Company promises to pay to the order of Security National Bank the sum of $10,000.00 with interest at the rate of 12.0% per annum. signed John Caldwell title treasurer McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
10.
Slide 0-10
Notes Payable On November 1, 2003, Porter Company would make the following entry. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
11.
Slide 0-11
Interest Payable Interest expense is the compensation to the lender for giving up the use of money for a period of time. The liability is called interest payable. To the lender, interest is a Interest Rate revenue. Up! To the borrower, interest is an expense. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
12.
Slide 0-12
Interest Payable The interest formula includes three variables that must be considered when computing interest: Interest = Principal × Interest Rate × Time When computing interest for one year, “Time” equals 1. When the computation period is less than one year, then “Time” is a fraction. For example, if we needed to compute interest for 3 months, “Time” would be 3/12. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
13.
Slide 0-13
Interest Payable – Example What entry would Porter Company make on December 31, the fiscal year-end? $10,000 × 12% × 2/12 = $200 McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
14.
Slide 0-14
Payroll Liabilities Gross Pay Net Pay State and Voluntary Medicare Federal Local Income Deductions FICA Taxes Taxes Income Tax Taxes McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
15.
Slide 0-15
Unearned Revenue Cash is sometimes collected from the customer before the revenue is actually earned. As the earnings process is completed . . Cash is Deferred Earned received revenue is revenue is in recorded. recorded. advance. a liability account. © The McGraw-Hill Companies, Inc., 2002 McGraw-Hill/Irwin
16.
Slide 0-16
Long-Term Debt Relatively small debt needs can be filled from single sources. or Insurance or Pension Banks Companies Plans McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
17.
Slide 0-17
Long-Term Debt Large debt needs are often filled by issuing bonds. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
18.
Slide 0-18
Installment Notes Payable Long-term notes that call for a series of installment payments. Each payment covers With each payment, the interest for the period interest portion gets AND a portion of the smaller and the principal principal. portion gets larger. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
19.
Slide 0-19
Allocating Installment Payments Between Interest and Principal – Identify the unpaid principal balance. — Unpaid Principal × Interest rate = Interest expense. ˜ Installment payment - Interest expense = Reduction in unpaid principal balance. ™ Compute new unpaid principal balance. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
20.
Slide 0-20
Allocating Installment Payments Between Interest and Principal On January 1, 2003, Rocket Corp. borrowed $7,581.57 from First Bank of River City. The loan was a five-year loan and had an interest rate of 10%. The annual payment is $2,000. Prepare an amortization table for Rocket Corp.’s loan. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
21.
Slide 0-21
Allocating Installment Payments Between Interest and Principal Now, prepare the entry for the first payment on December 31, 2003. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
22.
Slide 0-22
Allocating Installment Payments Between Interest and Principal The information needed for the journal entry can be found on the amortization table. The payment amount, the interest expense, and the amount to credit to principal are all on the table. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
23.
Slide 0-23
Bonds Payable qBonds usually involve the borrowing of a large sum of money, called principal. qThe principal is usually paid back as a lump sum at the end of the bond period. qIndividual bonds are often denominated with a par value, or face value, of $1,000. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
24.
Slide 0-24
Bonds Payable Bonds usually carry a stated rate of interest, also called a contract rate. Interest is normally paid semiannually. Interest is computed as: Interest = Principal × Stated Rate × Time McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
25.
Slide 0-25
Bonds Payable Bonds are issued through an intermediary called an underwriter. Bonds can be sold on organized securities exchanges. Bond prices are usually quoted as a percentage of the face amount. For example, a $1,000 bond priced at 102 would sell for $1,020. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
26.
Slide 0-26
Types of Bonds Mortgage Debenture Bonds Bonds Convertible Junk Bonds Bonds McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
27.
Slide 0-27
Accounting for Bonds Payable On January 1, 2003, Rocket Corp. issues $1,500,000 of 12%, 10-year bonds payable. Interest is payable semiannually, each July 1 and January 1. Assume the bonds are issued at face value. Record the issuance of the bonds. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
28.
Slide 0-28
Accounting for Bonds Payable Record the interest payment on July 1, 2003. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
29.
Slide 0-29
Bonds Sold Between Interest Dates Bonds are often sold between interest dates. The selling price of the bond is computed as: McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
30.
Slide 0-30
The Concept of Present Value $1,000 In 5 years it In 25 years it invested will be worth will be worth today at 10%. $1,610.51. $10,834.71! Present Future Value Money can grow over time, Value because it can earn interest. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
31.
Slide 0-31
The Concept of Present Value How much is a future amount worth today? Three pieces of information must be known to solve a present value problem: Present future amount. – The Interest compounding periods Future Value Value — The interest rate (i). ˜ The number of periods (n) the amount will be Today invested. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
32.
Slide 0-32
The Concept of Present Value Two types of cash flows are involved with bonds: Periodic interest payments called annuities. Today Maturity Principal payment at maturity. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
33.
Slide 0-33
The Present Value Concept and Bond Prices The selling price of the bond is determined by the market based on the time value of money. = = < < > > McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
34.
Slide 0-34
Early Retirement of Debt B o n d s c a n b e re tire d b y . . . E x e r c is in g a c a ll P u r c h a s in g th e p r o v is io n . b o n d s o n th e o p e n m a rk e t. Gains or losses incurred as a result of retiring bonds should be reported as extraordinary items on the income statement. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
35.
Slide 0-35
Lease Payment Obligations Operating Leases Capital Leases Lease agreement transfers Lessor retains risks and risks and benefits benefits associated with associated with ownership ownership. to lessee. Lessee records rent Lessee records a leased expense as incurred. asset and lease liability. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
36.
Slide 0-36
Capital Lease Criteria A le a s e m u s t b e r e c o r d e d a s a C a p ita l L e a s e if it m e e ts a n y o f th e fo llo w in g c r ite r ia . T h e le a s e tr a n s fe r s T h e le a s e c o n ta in s o w n e r s h ip to th e a b a r g a in p u r c h a s e le s s e e . o p tio n . T h e le a s e te r m is e q u a l to T h e P V o f th e m in im u m o r > 7 5 % o f th e e c o n o m ic le a s e p a y m e n ts = 9 0 % o f life o f th e p r o p e r ty . th e F M V o f th e p ro p e rty . McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
37.
Slide 0-37
Pensions Employers offer pension plans to employees. The employer makes payments to a pension fund. Usually, this is an Retirees receive independent entity pension managed by a payments from professional fund the pension manager. fund. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
38.
Slide 0-38
Pensions Actuaries make the pension expense computations, based on: q Average age, retirement age, life expectancy. q Employee turnover rates. q Compensation levels. q Expected rate of return for the fund. The accountant then posts the entry to record pension expense and pension liability. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
39.
Slide 0-39
Other Postretirement Benefits Many companies offer benefits to retirees other than pensions, such as health coverage or fitness club memberships. Amount to Current be funded liability Unfunded liability next year for nonpension postretirement benefits Remainder Long-term of unfunded liability amount McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
40.
Slide 0-40
Deferred Income Taxes Corporations pay income taxes quarterly. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
41.
Slide 0-41
Deferred Income Taxes The Internal Revenue GAAP is the set of Code is the set of rules for preparing rules for preparing tax financial statements. returns. Results in . . . Usually. . . Results in . . . Financial statement IRS income taxes income tax expense. payable. The difference between tax expense and tax payable is recorded in an account called deferred taxes. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
42.
Slide 0-42
Deferred Income Taxes – Example Examine the December 31, 2003, information for X-Off Inc. X-Off uses straight-line depreciation for financial reporting and accelerated depreciation for income tax reporting. X-Off’s tax rate is 30%. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
43.
Slide 0-43
Deferred Income Taxes – Example Compute X-Off’s income tax expense and income tax payable. Income Tax The income tax Statement Return Difference amount computed Revenues $ 1,000,000 Less: based on financial Depreciation 200,000 statement income Other expenses 650,000 is income tax Income before taxes $ 150,000 expense for the × Tax rate 30% period. Income taxes $ 45,000 McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
44.
Slide 0-44
Deferred Income Taxes – Example Compute X-Off’s income tax expense and income tax payable. Income Tax Statement Return Difference Income taxes Revenues $ 1,000,000 $ 1,000,000 based on tax Less: Depreciation 200,000 320,000 return Other expenses 650,000 650,000 income are Income before taxes $ 150,000 $ 30,000 the taxes payable for × Tax rate 30% 30% the period. Income taxes $ 45,000 $ 9,000 McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
45.
Slide 0-45
Deferred Income Taxes – Example The deferred tax for the period of $36,000 is the difference between income tax expense of $45,000 and income tax payable of $9,000. Income Tax Statement Return Difference Revenues $ 1,000,000 $ 1,000,000 $ - Less: Depreciation 200,000 320,000 (120,000) Other expenses 650,000 650,000 - Income before taxes $ 150,000 $ 30,000 $ 120,000 × Tax rate 30% 30% 30% Income taxes $ 45,000 $ 9,000 $ 36,000 McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
46.
Slide 0-46
Financial Leverage Borrowing at one If we borrow rate and investing $1,000,000 at 8% and invest it at 10%, we at a higher rate. will clear $20,000 profit! McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
47.
Slide 0-47
End of Chapter 10 Are we having fun yet? McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2002
Notas del editor
2
2 2
2 2
2 2
5 73
5 73
5 73
Descargar ahora