Topic: Accounting Assignment

Type of paper:	Case Study
Subject area:	Accounting
Academic level:	College
Style:	MLA
Size:	26.5 kB
Word count:	359
Mark awarded:
Date submitted:	2010-01-05 17:51:25
Rating/Votes count:	n/a

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Tags:

company, business, question, accounting, assignment, revision, Modern Language Association, Reflection Accounting, dicussion

_ACCOUNTING ASSIGNMENT
The Baldwin uses the critical events in order to recognize revenue from
the sale of the inventory for its different business segments . The first
is of when the dealer sales the instrument to the third party where in
the company charges a monthly display fee on the consigned inventory .
The Second constitutes of the ``Other operating income ' where the
independent dealers are given room to principal line but the government
gets its share from all the installment contract receivables . Thirdly is
income on the sales of the installment receivables rating different from
the independent financial institutions after the government entering
into an agreement using a repurchase deal . Additionally the company
recognizes the revenue during shipment to dealers and customers . Lastly
the company gets the revenue by pledging the instrument as collateral
and they are purchased using the borrowed money from the bank on which
there is monthly interest repayments and payment of the inventory if
held more than twelve months .
Other recognition methods that satisfy the critical event and
measurability so far included sales of receivable installments of the
inventories which accounted to profit and loss at some points for
instance smoke from a fire adjacent to the warehouse caused damaged of
the finished goods making the company incur a loss . Secondly , the
company recognized some revenues from the receivable insurances which
were equal to wholesale value of the destroyed inventory hence boosting
the company to recover from loss making to profit making . Thirdly the
company entered into...

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