Beruflich Dokumente
Kultur Dokumente
ACCO 111
Taller Siete
Profesor Noel Ortiz Torres
1.
Sistema de inventario
1.
2.
2.
Costo de inventario
1.
2.
3.
3.
Peridico
Perpetuo
FIFO
LIFO
Average
Prctica
Bajo el sistema periodico, determine el costo del
inventario final en marzo 31 y el costo de bienes
vendidos bajo a)FIFO, b)LIFO y C) average cost
Inventario:
marzo 1
$800
Compras:
marzo 10
500 unidades @ $4.50
2,250
marzo 20
400 unidades @ $4.75
1,900
marzo 30
300 unidades @ $5.00
1,500
Ventas:
marzo 15
500 unidades
marzo 25
400 unidades
Inventario final 31 de marzo 500 unidades.
Sistema de
Informacin de
contabilidad y
Manejo de
Efectivo
1.
2.
3.
4.
5.
IMPORTANTE
Para la toma de desiciones, el beneficio tiene que ser
mayor que el costo.
Para el usuario del estado financiero la
informacin tiene que ser:
Pertinente
Confiable
Informacin clara
A tiempo
Flexibilidad Debe ser lo suficiente flexible para conocer
los cambios segn solicitados.
Review Question
Each of the following is a subsidiary ledger
except the:
a. accounts receivable ledger.
b. accounts payable ledger.
c. customers ledger.
d. general ledger.
Sales Journal
Review Question
Cash sales of merchandise are recorded in the:
a. cash payments journal.
b. cash receipts journal.
c. general journal.
d. sales journal.
Review Question
Which of the following is not one of the credit
columns in the cash receipts journal:
a. Other accounts.
b. Accounts payable.
c. Accounts receivable.
d. Sales.
Purchases Journal
Purchases Journal
Review Question
All of the following are advantages of using
subsidiary ledgers except they:
a. show transactions affecting one customer or
one creditor in a single account.
b. free the general ledger of excessive details.
c. eliminate errors in individual accounts.
d. make possible a division of labor.
Review Question
Credit purchases of equipment or supplies other
than merchandise are recorded in the:
a. cash payments journal.
b. cash receipts journal.
c. general journal.
d. purchases journal.
Review Question
Cash payments of merchandise are recorded in
the:
a. cash payments journal.
b. cash receipts journal.
c. general journal.
d. purchases journal.
Establecer responsabilidades
El Control es mas efectivo cuando se responsabiliza
a una persona en tarea particular.
Segregar tareas
Tareas relacionadas deben ser asignadas a
diferentes empleados, incluyendo custodia fsica y
mantenimiento en los subsidiarios.
Procedimiento de documentacin
Las compaas utilizan los documentos pre
numerados para contabilizar.
Mechanical
and Electronic
OTHER CONTROLS
1. Bond employees.
2. Rotate employees duties and require vacations.
3. Conduct background checks.
Establishment of
Responsibility
Documentation
Procedures
Only designated
personnel are
authorized to handle
cash receipts
(cashiers)
Use remittance
advice (mail
receipts), cash
register tapes, and
deposit slips
Segregation of
Duties
Physical,
Mechanical, and
Electronic
Controls
Different individuals
receive cash, record
cash receipts, and
hold the cash
Independent
Internal
Verification
Supervisors count
cash receipts daily;
treasurer compares
total receipts to bank
deposits daily
Other Controls
Bond personnel who
handle cash; require
employees to take
vacations; deposit all
cash in bank daily
Cashiers
Department
Sales Department
Prepare daily
summary
Prepare deposit
slip
Cashier ring up
sales
Supervisor
1.reads register
totals
2.makes cash
counts
3.prepares cash
Bank
Treasurer
(deposit) (verification)
Accountin
g
(record)
Control Procedures:
Mail receipts should be opened by two people,
a list prepared, and each check endorsed.
Copy of the list, along with the checks and
remittance advices, sent to cashiers
department.
Cashier adds the checks to the over-thecounter receipts and prepares a daily cash
summary and makes the daily bank deposit.
Copy of list sent to treasurers office for
comparison with total shown on daily cash
summary.
Review Question
Permitting only designated personnel to
handle cash receipts is an application of the
principle of:
a. segregation of duties.
b. establishment of responsibility.
c. independent check.
d. other controls.
Establishment of
Responsibility
Documentation
Procedures
Only designated
personnel are
authorized to sign
checks (treasurer)
Use prenumbered
checks and account
for them in
sequence; each
check must have
an approved
invoice
Segregation of
Duties
Different individuals
approve and make
payments; check
signers do not record
disbursements
Other Controls
Stamp invoices
PAID
Independent
Internal
Verification
Compare checks to
invoices; reconcile
bank statement
monthly
Physical,
Mechanical, and
Electronic Controls
Store blank checks in
safes, with limited
access; print check
amounts by machine
in indelible ink
Voucher System
Network of approvals, by authorized
individuals, to ensure all
disbursements by check are proper.
A voucher is an authorization form
prepared for each expenditure.
and
3. replenishing the fund.
Stamp inventory
March 7
Freight-out
March 9
Miscellaneous expense
March 11
Travel expense
March 14
Miscellaneous expense
$39
21
6
24
5
Making Bank
Deposits
Authorized employee should
make deposit.
Front Side
Bank
Code
Numbers
Reverse Side
Writing Checks
Written order signed by depositor directing bank to pay a
specified sum of money to a designated recipient.
Maker
Payee
Payer
Bank
Statements
Debit Memorandum
Bank service
charge
NSF (not sufficient
Credit Memorandum
funds)
Collect notes
receivable.
Interest earned.
Reconciliation Procedures
+ Deposit in Transit
Outstanding Checks
+- Bank Errors
+- Book Errors
CORRECT BALANCE
CORRECT BALANCE
Instructions
a) Prepare a bank reconciliation at July 31.
b) Journalize the adjusting entries at July 31 on the books of
Family Video Company.
Collection of interest
Less:
Bank service charge
Note collection fee
Adjusted cash balance per books
$7,263
1,500
(591)
$8,172
$7,284
900
36
(28)
(20)
$8,172
Dr.
July 31
Miscellaneous expense
Cr.
28
Cash
July 31
Cash
Miscellaneous expense
28
916
20
Interest revenue
Notes receivable
900
36