7.Inventory: period method vs. perpetual method
Materials, WIP (work-in-process), finished goods, etc.
FIFO (first-in first-out), the specific identification method, (moving) weighted average method
Lower of cost or net realizable value method, provision for inventory impairment
8.Fixed assets & intangible assets
Fixed assets
Depreciation expenses, accumulated depreciation: original cost, residual value, useful/estimated life
Straight-line method/average method
Units-of-production method
Double declining-balance method
Sum-of-the-years-digits method
Capital expenditure vs. revenue expenditure
Fixed assets disposal: discarded, sold, traded/exchanged
Gain/loss on disposal of fixed assets
Intangible assets
Amortization
R&D (research and development)
9.Owner’s equity
Paid-in capital
common stock, preferred stock
cash dividend, stock dividend, stock split
10.Foreign currency
11.Business combination
12.Lease: operating lease, financial lease
13.Earnings per share
Materials, WIP (work-in-process), finished goods, etc.
FIFO (first-in first-out), the specific identification method, (moving) weighted average method
Lower of cost or net realizable value method, provision for inventory impairment
8.Fixed assets & intangible assets
Fixed assets
Depreciation expenses, accumulated depreciation: original cost, residual value, useful/estimated life
Straight-line method/average method
Units-of-production method
Double declining-balance method
Sum-of-the-years-digits method
Capital expenditure vs. revenue expenditure
Fixed assets disposal: discarded, sold, traded/exchanged
Gain/loss on disposal of fixed assets
Intangible assets
Amortization
R&D (research and development)
9.Owner’s equity
Paid-in capital
common stock, preferred stock
cash dividend, stock dividend, stock split
10.Foreign currency
11.Business combination
12.Lease: operating lease, financial lease
13.Earnings per share