Chapter 4: Perpetual vs. periodic inventory systems; Inventory ownership transfer and transfer of title: FOB shipping point vs. FOB destination; Merchandise inventory purchases and... Chapter 4: Perpetual vs. periodic inventory systems; Inventory ownership transfer and transfer of title: FOB shipping point vs. FOB destination; Merchandise inventory purchases and sales, including the effects of discounts, returns and allowances; The multiple-step income statement; Decision analysis: the Acid-test Ratio and Gross Margin Ratio. Chapter 5: Items and costs included in Merchandise Inventory; The four inventory costing methods: FIFO, LIFO, Weighted Average, and Specific Identification; Goods in transit: the effects of FOB shipping point vs. FOB destination; The financial statement effects of inventory errors; Lower of cost or market adjustments; Decision analysis: Inventory Turnover and Days' Sales in Inventory. Chapter 6: Principles of internal control; The effects of technology on internal controls; Internal controls over cash, and protecting over-the-counter cash receipts; Cash equivalents; Control over cash disbursements; Petty cash; Bank controls and the bank reconciliation; Ratio analysis: Days' Sales Uncollected. Chapter 7: Accounts receivable; Bad debt expense and the allowance method for writing-off accounts receivable; Estimating uncollectible accounts based on (i) sales (the income statement method) or (ii) accounts receivable (the balance sheet method); Notes receivable - recording the note, adjustments (and computations) for interest, collecting on a note that has been honored, and the effects of a note that has been dishonored; Factoring receivables before maturity; Decision analysis: accounts receivable turnover. Read more