立信《会计专业英语》课件lessonsixteen
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The method may also be used in process costing to value the work in process at the end of an accounting period.
This method of costing is not normally acceptawenku.baidu.comle for stock valuation in the UK.
The method may also be used in process costing to value the work in process at the end of an accounting period.
NEW WORDS,PHRASES AND SPECIAL TERMS
Last-in-first-out cost (LIFO cost) 后进先出法
NEW WORDS,PHRASES AND SPECIAL TERMS
First-in-first-out cost (FIFO cost) 先进先出法
A method of valuing units of raw material or finished goods issued from stock based on using the earliest unit value for pricing the issues until all the stock received at that price has been used up.
The next latest price is then used for pricing the issues, and so on.
NEW WORDS,PHRASES AND SPECIAL TERMS
Because the issues are based on a FIFO cost, the valuation of closing stocks is described as being on the same FIFO basis.
NEW WORDS,PHRASES AND SPECIAL TERMS
Periodic inventory (periodic stocktaking) 定期盘点
The counting or evaluating of the stock held by an organization at the end of an accounting period.
would be (70+80+95）/3=$81.7.
The weighted average, taking into account the amount purchased on each occasion would be:
[(100×70)+(300×80)+(50×95)]/450=$79.4per tonne
The next earliest price is then used for pricing the issues, and so on.
NEW WORDS,PHRASES AND SPECIAL TERMS
Because the issues are based on a LIFO cost, the valuation of closing stocks is described as being on the same LIFO basis.
LESSON SIXTEEN
INVENTORY MEASUREMENT
NEW WORDS,PHRASES AND
SPECIAL TERMS
Weighted average (weighted mean) 加权平 均
An arithmetic average that takes into account the importance of the items making up the average.
NEW WORDS,PHRASES AND SPECIAL TERMS
Weighted average cost of capital (WACC) 加权平均资本
A method of establishing an organization’s cost of capital by taking each source of funds from its balance sheet and assigning a required rate of return to each individual source.
For example, if a person buys a commodity on three occasions, 100 tonnes at $70 per tonne, 300 tonnes at $80 per tonne, and 50 tonnes at $95 per tonne, the purchases total 450 tonnes; the simple average price
The amounts of each of the sources of funds are used as weights applied to the required returns, and the total return is divided by the total weights to give the WACC expressed as a percentage.
A method of valuing units of raw material or finished goods issued from stock by using the latest unit value for pricing the issues until all the quantity of stock received at that price is used up.
This method of costing is not normally acceptawenku.baidu.comle for stock valuation in the UK.
The method may also be used in process costing to value the work in process at the end of an accounting period.
NEW WORDS,PHRASES AND SPECIAL TERMS
Last-in-first-out cost (LIFO cost) 后进先出法
NEW WORDS,PHRASES AND SPECIAL TERMS
First-in-first-out cost (FIFO cost) 先进先出法
A method of valuing units of raw material or finished goods issued from stock based on using the earliest unit value for pricing the issues until all the stock received at that price has been used up.
The next latest price is then used for pricing the issues, and so on.
NEW WORDS,PHRASES AND SPECIAL TERMS
Because the issues are based on a FIFO cost, the valuation of closing stocks is described as being on the same FIFO basis.
NEW WORDS,PHRASES AND SPECIAL TERMS
Periodic inventory (periodic stocktaking) 定期盘点
The counting or evaluating of the stock held by an organization at the end of an accounting period.
would be (70+80+95）/3=$81.7.
The weighted average, taking into account the amount purchased on each occasion would be:
[(100×70)+(300×80)+(50×95)]/450=$79.4per tonne
The next earliest price is then used for pricing the issues, and so on.
NEW WORDS,PHRASES AND SPECIAL TERMS
Because the issues are based on a LIFO cost, the valuation of closing stocks is described as being on the same LIFO basis.
LESSON SIXTEEN
INVENTORY MEASUREMENT
NEW WORDS,PHRASES AND
SPECIAL TERMS
Weighted average (weighted mean) 加权平 均
An arithmetic average that takes into account the importance of the items making up the average.
NEW WORDS,PHRASES AND SPECIAL TERMS
Weighted average cost of capital (WACC) 加权平均资本
A method of establishing an organization’s cost of capital by taking each source of funds from its balance sheet and assigning a required rate of return to each individual source.
For example, if a person buys a commodity on three occasions, 100 tonnes at $70 per tonne, 300 tonnes at $80 per tonne, and 50 tonnes at $95 per tonne, the purchases total 450 tonnes; the simple average price
The amounts of each of the sources of funds are used as weights applied to the required returns, and the total return is divided by the total weights to give the WACC expressed as a percentage.
A method of valuing units of raw material or finished goods issued from stock by using the latest unit value for pricing the issues until all the quantity of stock received at that price is used up.