首页 > 美国注册会计师 > 复习指导 > 考点辅导

美国CPA《财务会计与报告》知识点:Inventories

普通 来源:正保会计网校 2014-07-18

  正保会计网校特别为美国cpa学员整理了美国cpa考试《财务会计与报告》的内容,以备迎接美国CPA考试,祝您在网校学习愉快!

  Types of inventories held for re-sale

  Retail Inventory

  Raw Materials Inventory

  Work in Process Inventory

  Finished Goods Inventory

  Goods and materials to be included in inventory

  Goods in Transit.F.O.B Shipping Point/F.O.B Destination

  Sales with a right of return. “Can you reasonably estimate the return?”。If no,do not recognize revenue.If yes,recognize revenue and estimated allowance.

  Consigned goods/Public warehouses/Sales with a mandatory buyback/Installment sales

  Valuation of Inventory

  GR:Inventories should be stated at its cost

  In inventory accounting,cost is the sum of the expenditures and charges,direct and indirect,in bringing goods to their required condition or location.

  SR1:Precious metal and farm Products

  Net Realizable Value(NRV)is an item‘s net selling price less the costs to complete and dispose of the inventory

  农产品使用NRV的前提:可按公开市场价格迅速出售、产品可替换、无法确定成本

  (SR2)Lower of Cost or Market(LCM)

  Market means current replacement cost,provided the current replacement cost does not exceed market ceiling(net realizable value)or fall below market floor(net realizable value reduced by normal profit margin)

  Market Ceiling=NRV=Selling price–Costs to complete and dispose

  Market Floor=NRV–normal profit

  LCM 解题思路

  一根数轴画出来,四个数据要点上。

  上限售价减费用,再减利润为下限。

  先将上下两限点,限定重置区间值。

  重置若落区间内,重置上面插大旗。

  重置若落区间左,下限上面插大旗。

  重置若落区间右,上限上面插大旗

  成本点上标小旗,理应跟在大旗后。

  若是小旗在前面,差额要把减值提。

  F4-24 Example-LCM

  
  

准则 Lower of Cost or Reversal of Inventory Write-downs 在I/S中的位置
US GAAP Market(Replacement) Prohibited GR:included in COGS
SR:identified separately in I/S when material
IFRS Net Realizable Value Allow with limit Not specified in I/S

  Periodic Inventory System Vs.Perpetual Inventory System

  Periodic inventory system 实地盘存制。Do NOT record the issue of inventory(“A” of BASE)。Only record beginning inventory and purchasing of inventory. The ending inventory is determined only by physical count.E.g.电厂存煤

  Perpetual inventory system 永续盘存制。Record “BASE” of inventory.The ending inventory balance on ledger will compared with physical counting.E.g.大多数存货

  Hybrid inventory systems

  Units of inventory on hand- Quantities only

  Perpetual with periodic at year-end.

  重要恒等式-向侧勾,BEC & FAR常用(F4-25)

  Beginning+Purchase=Available for sale/use

  Ending+sale out/used=Available for sale/use

  Beg.+Purchase=End+Sale out

  其他几个重要恒等式,向前勾

  CAR+BIG=IN

  US GAAP=Codification

  Beg.+Add=Subtract+End(BASE)

  Primary Inventory Cost Flow Assumptions

  Specific Identification Method(个别计价法),如飞机、轮船

  First In,First Out(FIFO),先进先出法

  Weighted Average Method,加权平均法

  Moving Average Method,移动加权平均法

  Last In,First Out (LIFO),后进先出法

  考点:

  FIFO results highest net income during rising prices period.

  LIFO results lowest net income during rising price period

  Ending inventory of FIFO,“Periodic method”=“Perpetual method”

  Ending inventory of LIFO,“Periodic method”“Perpetual Method”

  LIFO not permitted under IFRS(中国也已禁止)

  If LIFO is used for tax purposes,it must also be used in the US GAAP F/S

  实务扩展:LIFO存在的理由。LIFO=Lowest net income=Lowest tax payable.LIFO税务上可以延迟交税。

  LIFO Layer(几年陈酿)。

  An additional LIFO layer is created in any year where the ending inventory is greater than the beginning inventory.

  Period of rising prices,Inventory method‘s effect on B/S,I/S

Inventory Method B/S ending inventory I/S Net Income COGS
FIFO Biggest Lowest
Moving average Bigger Lower
Weighted average Smaller Higher
LIFO Smallest Highest

  Dollar-value LIFO

  DVL的产生。税务利益的引诱。LIFO有税务上的好处,但同时要求GAAP必须用LIFO.日常管理上却使用FIFO, 这样更便利于管理。使用DVL,将管理 上的FIFO转化为GAAP上的LIFO

  Dollar-value LIFO的解题对策–四步法

  例:已知期初会计报表(LIFO)下存货价值为2000,期末管理报表(FIFO)的存货价值为3200,当年物价指数为1.1,求期末会计报表(LIFO)下的存货价值?

  1ST:期末FIFO除指数:3200/1.1=2909

  2nd:再与期初LIFO减:2909-2000=909

  3rd:然后指数再乘回:909X1.1=1000

  4th:加上期初得结果:1000+2000=3000

  Firm Purchase Commitments (企业会计准则第13号-或有事项,第八条亏损合同)

  Legally enforceable agreement of purchase a specified amount of goods at some time in the future.宝钢与淡水河谷铁矿石合同。

  Expect Contracted price>Market price,the losses will occur,recognized the loss in I/S-Estimated loss on purchase commitment.

  网校2014美国cpa辅导热招

  正保会计网校2014年美国CPA考试辅导全面招生!网校2014年美国注册会计师(U.S.CPA)考试辅导在总结往年成功教学经验的基础上,从学员实际需求出发,结合中国考生学习特点,融入先进的教学理念与创新的教学方式,针对不同学员的学习需求,全新推出高端特训班、网络远程班、自学课程班三种个性化辅导班次。(查看详情>>

  网校美国CPA课程使用全球美国CPA考试通过率至高的Becker CPA Review教材,配合网校专业的课程体系、特色的双语教学模式、灵活多样的学习方式、全方位一站式配套服务,定能为您顺利通过考试助一臂之力。机会难得,欲报从速

我要纠错】 责任编辑:小敏
打开APP 订阅最新报考消息

报考指南

今日热搜

热点推荐

热销好课

畅学无忧班

畅学无忧班

系统学习 逐章精讲

了解详情30000元/4科

正价课免费试听

USCPA免费试听

申请购课优惠

USCPA公众号

截图保存到相册

微信识别二维码

千元大额优惠

有奖原创征稿
客服 首页
取消
复制链接,粘贴给您的好友

复制链接,在微信、QQ等聊天窗口即可将此信息分享给朋友