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Kellie Barranco - One of the best experts on this subject based on the ideXlab platform.
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Tao & Willis, Inc.: Inventory Accounting Methods
2017Co-Authors: Paul J. Simko, Emma Bemiller, Kellie BarrancoAbstract:An executive with Tao & Willis, Inc. (TW), is faced with choosing an Inventory Accounting method for a new Brazilian subsidiary of a U.S.-based company. Students are asked to assess the different profit implications of LIFO and FIFO for five years of data. During the time period, exchange rates between Brazil and the United States had been fluctuating significantly. This case focuses on the basics of Inventory Accounting in an interesting international context, and can be used in graduate or undergraduate business courses, specifically those teaching the fundamentals of financial Accounting. Excerpt UVA-C-2384 Rev. Sept. 15, 2016 Tao & Willis, Inc.: Inventory Accounting Methods Tao & Willis, Inc. (TW), was a video gaming and entertainment company headquartered in Phoenix, Arizona. The company specialized in the manufacture and distribution of computer games and stand-alone gaming consoles. It sold its products all over the world, and experienced particularly strong demand in South America. High import tariffs in those countries, however, were cutting into profits. Under the leadership of John Gary Sommers, TW had become proactive. For years, Sommers had lobbied senior management to move manufacturing operations to Brazil, and his vision was finally a reality. The new subsidiary, TW-Brazil, would handle all manufacturing operations in the Western hemisphere south of the equator. TW had never before operated an entity in a foreign country, so this represented a true inflection point for the company. Sommers was put in charge and given full decision-making responsibility for all financial and operational aspects of TW-Brazil. One of the early tasks Sommers assigned his CFO was to evaluate TW-Brazil's financial options related to Inventory Accounting. He specifically wanted comparisons of expected financial results for two different Inventory cost flow methods: last in, first out (LIFO), and first in, first out (FIFO). Sommers knew that the Inventory cost flow method that he ultimately chose would influence profits. TW was a publicly traded company and was thus always focused on maintaining margins and meeting EPS growth expectations. TW-Brazil was expected to help in this regard in 2016, but the longer-term benefits were not as obvious. Sommers fully understood that there was a company-wide expectation that 30% gross margins be maintained. . . .
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tao willis inc Inventory Accounting methods
2017Co-Authors: Paul J. Simko, Emma Bemiller, Kellie BarrancoAbstract:An executive with Tao & Willis, Inc. (TW), is faced with choosing an Inventory Accounting method for a new Brazilian subsidiary of a U.S.-based company. Students are asked to assess the different profit implications of LIFO and FIFO for five years of data. During the time period, exchange rates between Brazil and the United States had been fluctuating significantly. This case focuses on the basics of Inventory Accounting in an interesting international context, and can be used in graduate or undergraduate business courses, specifically those teaching the fundamentals of financial Accounting. Excerpt UVA-C-2384 Rev. Sept. 15, 2016 Tao & Willis, Inc.: Inventory Accounting Methods Tao & Willis, Inc. (TW), was a video gaming and entertainment company headquartered in Phoenix, Arizona. The company specialized in the manufacture and distribution of computer games and stand-alone gaming consoles. It sold its products all over the world, and experienced particularly strong demand in South America. High import tariffs in those countries, however, were cutting into profits. Under the leadership of John Gary Sommers, TW had become proactive. For years, Sommers had lobbied senior management to move manufacturing operations to Brazil, and his vision was finally a reality. The new subsidiary, TW-Brazil, would handle all manufacturing operations in the Western hemisphere south of the equator. TW had never before operated an entity in a foreign country, so this represented a true inflection point for the company. Sommers was put in charge and given full decision-making responsibility for all financial and operational aspects of TW-Brazil. One of the early tasks Sommers assigned his CFO was to evaluate TW-Brazil's financial options related to Inventory Accounting. He specifically wanted comparisons of expected financial results for two different Inventory cost flow methods: last in, first out (LIFO), and first in, first out (FIFO). Sommers knew that the Inventory cost flow method that he ultimately chose would influence profits. TW was a publicly traded company and was thus always focused on maintaining margins and meeting EPS growth expectations. TW-Brazil was expected to help in this regard in 2016, but the longer-term benefits were not as obvious. Sommers fully understood that there was a company-wide expectation that 30% gross margins be maintained. . . .
Santi Puspita - One of the best experts on this subject based on the ideXlab platform.
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Sistem Akuntansi Persediaan Pada CV. Ananda Putra Banyuasin
2020Co-Authors: Muhamad Najib, Totok Sudiyanto, Santi PuspitaAbstract:ABSTRACT CV. Ananda Putra Banyuasin is a manufacturing company located in Banyuasin Regency. This study aims to determine the implementation of the Inventory Accounting system at CV. Ananda Putra Banyuasin, which can be useful for the company to help improve the existing system. The data obtained is data from the company, namely in the form of company history data, organizational structure, tasks and functions as well as data related to the Inventory Accounting system, especially procedures for returning warehouse raw materials. The data analysis method in this research is quantitative analysis which analyzes the data, by collecting data related to the Inventory Accounting system obtained during the research, then comparing and analyzing the data obtained to conclude with existing theories. The results of this study show that in the procedure for returning Inventory to the warehouse at CV. Ananda Putra Banyuasin, there is no written evidence in the form of documents or letters to return raw material supplies to the warehouse, so there is often a difference between the warehouse Inventory records and the Inventory records owned by the warehouse. Supply Card Section. So a good system and procedure for companies uses written evidence, so there is no discrepancy in the raw material Inventory records. Keywords: Inventory Accounting System ABSTRAK CV. Ananda Putra Banyuasin merupakan perusahaan manufaktur yang berlokasi di Kabupaten Banyuasin. Penelitian ini bertujuan untuk mengetahui pelaksanaan sistem akuntansi persediaan pada CV. Ananda Putra Banyuasin, yang dapat bermanfaat bagi perusahaan untuk membantu memperbaiki sistem yang ada. Data yang di peroleh merupakan data dari perusahaan yaitu berupa data sejarah perusahaan, struktur organisasi, tugas dan fungsi serta data yang berhubungan dengan sistem akuntansi persediaan khususnya prosedur pengembalian persediaan bahan baku gudang. Metode analisis data dalam penelitian ini adalah analisis kuantitatif yang menganalisa data, dengan cara mengumpulkan data yang berkaitan dengan sistem akuntansi persediaan yang diperoleh saat penelitian, kemudian membandingkan serta menganalisa data yang diperoleh tersebut untuk disimpulkan dengan teori yang ada. Adapun hasil penelitian ini bahwa dalam prosedur pengembalian persediaan ke gudang pada CV. Ananda Putra Banyuasin, tidak ada bukti tertulis berupa dokumen atau surat pengembalian persediaan bahan baku ke gudang, sehingga sering terjadi selisih antara catatan persediaan Bagian Gudang dengan catatan persediaan yang dimiliki oleh Bagian Kartu Persediaan. Maka sistem dan prosedur yang baik untuk perusahaan menggunakan bukti tertulis, sehingga tidak terjadi selisih catatan persediaan bahan baku. Kata Kunci : Sistem Akuntansi Persediaan
Kharis Raharjo - One of the best experts on this subject based on the ideXlab platform.
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analysis of effect of ownership structure company size profit before tax laverage ratio and current ratio selection of Accounting method supplies industry sector in basic and chemical listed in bei 2013 2015
Journal of Accounting, 2017Co-Authors: Muhammad Yusuf, Ari Pranaditya, Kharis RaharjoAbstract:Inventories are assets owned by the company include goods belonging to the company with the intent to sell within a certain period of business or Inventory -Items that are still under construction or production process or raw material inventoriesuse in the production process. The choice of method of Inventory is important because every decision has economic consequences. Conflicts of interests among economic agents can arise when a company must choose a method which supplies should be applied. This arises because of the differences in the economic results of each method of Inventory. Selection of Inventory Accounting methods in Indonesia refers Inventory Accounting Standard (SFAS) No. 14 which gives the freedom for companies to use one of the alternative methods of Inventory that is First In First Out (FIFO) and average (Average). The object of this research is industrial and chemical sectors listed in Indonesia Stock Exchange during the years 2013 to 2015. The sample in this study sebanya 34 companies out of 10 companies using FIFO and the 24 companies using the average method. Statistical analysis tools used in logistic regression with significant level of 5%. The results showed that the structure of ownership and leverage ratios positive effect on Inventory Accounting methods. The size of the company's profit before tax and the current ratio does not affect the Accounting method of Inventory. keywords: ownership structure, company size, profit before tax, leverage ratio, the current ratio.
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ANALYSIS OF EFFECT OF OWNERSHIP STRUCTURE, COMPANY SIZE, PROFIT BEFORE TAX ,LAVERAGE RATIO AND CURRENT RATIO SELECTION OF Accounting METHOD SUPPLIES INDUSTRY SECTOR IN BASIC AND CHEMICAL LISTED IN BEI (2013-2015)
Journal of Accounting, 2017Co-Authors: Muhammad Yusuf, Ari Pranaditya, Kharis RaharjoAbstract:Inventories are assets owned by the company include goods belonging to the company with the intent to sell within a certain period of business or Inventory -Items that are still under construction or production process or raw material inventoriesuse in the production process. The choice of method of Inventory is important because every decision has economic consequences. Conflicts of interests among economic agents can arise when a company must choose a method which supplies should be applied. This arises because of the differences in the economic results of each method of Inventory. Selection of Inventory Accounting methods in Indonesia refers Inventory Accounting Standard (SFAS) No. 14 which gives the freedom for companies to use one of the alternative methods of Inventory that is First In First Out (FIFO) and average (Average). The object of this research is industrial and chemical sectors listed in Indonesia Stock Exchange during the years 2013 to 2015. The sample in this study sebanya 34 companies out of 10 companies using FIFO and the 24 companies using the average method. Statistical analysis tools used in logistic regression with significant level of 5%. The results showed that the structure of ownership and leverage ratios positive effect on Inventory Accounting methods. The size of the company's profit before tax and the current ratio does not affect the Accounting method of Inventory. keywords: ownership structure, company size, profit before tax, leverage ratio, the current ratio.
Neil Wilner - One of the best experts on this subject based on the ideXlab platform.
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Teaching Inventory Accounting: A Simple Learning Strategy to Achieve Student Understanding
Issues in Accounting Education, 2011Co-Authors: Rochelle Kaplan Greenberg, Neil WilnerAbstract:ABSTRACT: This learning strategy offers an efficient and effective technique for teaching Inventory in the introductory financial Accounting course. It is motivated by the belief that many students memorize how to calculate the cost of goods sold and ending Inventory under different cost flow assumptions, but that few understand the subject. This fundamental lack of understanding prohibits them from fully appreciating other issues, such as the difference between the physical flow and the cost flow assumption, the relevance of the cost flow assumption when computing cost of goods sold and income, and the irrelevance of the cost flow assumption when computing cash flow unless taxes are considered. Our learning strategy involves a convenience store selling three bottles of water. Inventory flow, cash flow, and the calculations of cost of goods sold, income, and ending Inventory are illustrated under the first-in, first-out method; the last-in, first-out method; the weighted-average method; and specific ident...
Sifrid S. Pangemanan - One of the best experts on this subject based on the ideXlab platform.
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ANALISIS SISTEM INFORMASI AKUNTANSI PERSEDIAAN PADA YAMAHA BIMA MOTOR TOLI-TOLI ANALYSIS OF Inventory Accounting INFORMATION SYSTEMS IN THE MILKY YAMAHA MOTORCYCLE TOLI-TOLI
2015Co-Authors: Friska Baramuli, Sifrid S. PangemananAbstract:Application of Accounting information in the Inventory system will provide many benefits to the company and management in the operations. Inventory has an important role as an economic resources that needs to be physically held and maintained to support the sales process. This study aims to determine the Inventory Accounting information systems in the Milky Motor Yamaha dealer Toli-Toli. The method used is descriptive qualitative. The results show, dealer administration system has changed from manual to computerized systems that produce useful output for each user of the information. This is proved by all the components necessary to support a valid system owned by the Milky Yamaha Motor and any element of internal control. Milky Yamaha Motor leadership should implement structured internal control and develop access control, which will be limited by the use of staff and passsword ID, so that only certain units which can access to internal system.
