Business Management

Determining Inventory on Hand

Reporting Inventory at the Lower-of-Cost-or-Market

Cost of Goods Sold – COGS

Perpetual and Periodic Inventory Systems

Determining and Reporting the Cost of Inventory

A Company’s Vital Signs—Accounts Receivable

Remeasuring Foreign Currency Balances

Estimating the Amount of Uncollectible Accounts

The Problem with Estimations

Accounting for Uncollectible Accounts

The Purpose and Content of an Independent Auditor’s Report

The Need for Internal Control

Performing an Audit in financial

The Role of the Independent Auditor in Financial Reporting

The Need for the Securities and Exchange Commission

Chapter Appendix