Ch8aBW - Current Temporal Account Type Balance Sheet Items...

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Account Type Current Temporal Balance Sheet Items Monetary Assets (cash, recv., etc.) Current Rate Non-Monetary Assets: Inventory @ mkt./Investments @ mkt. Current Rate Prepaid Expenses (we're owed money)* Current Rate Prepaid Expenses (we're owed service/product) Current Rate Historical Rate Inventory @ cost/Investments @ cost Current Rate Historical Rate Other Non-monetary Assets (PPE, intang.) Current Rate Historical Rate Monetary Liabilities** Current Rate Non-monetary Liabilities*** Current Rate Historical Rate Paid-in Capital Historical Rate Retained Earnings N/A Income Statement Items Basic Concept All Average Rate All Historical Rate Pramatic issues None Substitute Average rate for most items except: Inventory in CGS Depreciation Expense Like Others(Amortizations) Statement of Retained Earnings Beginning Retained Earnings Obtained from Last Period's Ending Balance Net Income (Loss) From Other Calculations (Ie., plug) Dividends Historical Rate *Note this is actually a monetary asset. **includes warranties and unearned revenue denominated in money, cash-back bonuses
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This note was uploaded on 08/06/2011 for the course AMIS 624 taught by Professor Wallin during the Summer '11 term at Ohio State.

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Ch8aBW - Current Temporal Account Type Balance Sheet Items...

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