現(xiàn)金收付制和權(quán)責(zé)發(fā)生制-資料下載頁
2025-05-01 06:08本頁面
【正文】 rease working capital and the fixed assets Different pictures Similar pictures Cash cow In a firm that has been in existence for quite some time and that has reached a steady state, the levels of receivables, inventory, and payables are often fairly constant. Question Could either of the above cases have happened under a system of cash accounting? 5. Trade loading ? In the 1980s RJR Nabisco—the second largest provider of tobacco and snack food products in the USA , routinely sent more inventory to customers than they had actually ordered. ? Once sent it would be recognized as revenue which would inflate profit. ? The return of unordered goods would be recorded in the following period. Case Regina Co. ? This pany which made and sold vacuum cleaner went a lot furture than of a design fault 400,000 of the units they had sold were returned. These returns were not recorded. ? They also started to record sales when goods were ordered rather than when they were sent. If all payments and receipts go through a bank account then, apart from not recording sales returns, the answer to this question is “no”. Why does the FASB favour the accrual basis? Because it gives a much fuller picture of business. Team Leader Laurel Teammates： Judy, Michelle, Lydia, Wendy, Sylvia Thank you!
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