(2)Identify and explain the inventory asset of a merchandising company (3)Describe both perpetual and periodic inventory systems. (4)Analyze and interpret cost flows and operating activities ofa merchandising company. (5)Analyze and record transactions for merchandise purchases using a perpetual system. (6)Analyze and record transactions for merchandise sales using a perpetual system. (7)Prepare adjustments and close accounts for a merchandising company (8)Define and prepare multiple-step and single-step income statements. (9Appendix 5A:Record and compare merchandising transactions using both periodic and perpetual inventory systems. (二)教学内容 1.主要内容 (1)Merchandising Activities Reporting income for a merchandiser,Reporting inventory for a merchandiser, Operating cycle for a merchandiser. (2)Accounting for Merchandise Purchases Trade discounts,Purchase discounts,Purchase returns and allowances, Transportation costs and ownership transfer. (3)Accounting for Merchandise Sales Sales of merchandise.Sales returns and allowances. (4)Completing the Accounting Cycle Adjusting entries for merchandisers.Preparing financial statements,Closing entries for merchandisers,Summary of merchandising entries. (5)Financial Statements Formats Multiple-step income statement,Single-step income statement,Classified halance sheet (6)Perpetual Inventory System and Periodic Inventory System Accounting for inventory transaction using a perpetual inventory system. Accounting for inventory transaction using a periodic inventory system. 2.基本概念和知识点 Basic concepts Credit period.Cost of goods sold,Cash discount perpetual inventory system Periodic inventory system,Selling expenses,General and administrative expenses. 88 （2）Identify and explain the inventory asset of a merchandising company. （3）Describe both perpetual and periodic inventory systems. （4）Analyze and interpret cost flows and operating activities of a merchandising company. （ 5 ） Analyze and record transactions for merchandise purchases using a perpetual system. （6）Analyze and record transactions for merchandise sales using a perpetual system. （7）Prepare adjustments and close accounts for a merchandising company. （8） Define and prepare multiple-step and single-step income statements. （9）Appendix 5A: Record and compare merchandising transactions using both periodic and perpetual inventory systems. （二）教学内容 1. 主要内容 （1）Merchandising Activities Reporting income for a merchandiser, Reporting inventory for a merchandiser, Operating cycle for a merchandiser. （2）Accounting for Merchandise Purchases Trade discounts, Purchase discounts, Purchase returns and allowances, Transportation costs and ownership transfer. （3）Accounting for Merchandise Sales Sales of merchandise, Sales returns and allowances. （4）Completing the Accounting Cycle Adjusting entries for merchandisers, Preparing financial statements, Closing entries for merchandisers, Summary of merchandising entries. （5） Financial Statements Formats Multiple-step income statement, Single-step income statement, Classified balance sheet. （6）Perpetual Inventory System and Periodic Inventory System Accounting for inventory transaction using a perpetual inventory system, Accounting for inventory transaction using a periodic inventory system. 2. 基本概念和知识点 Basic concepts: Credit period, Cost of goods sold, Cash discount, perpetual inventory system, Periodic inventory system, Selling expenses, General and administrative expenses