Financial Accounting and Reporting

Chapter 7-Merchandising Operations-Part 5

October 25, 2022 @ 2:30-5:30 PM
Hybrid Modality

Accountability and Integrity, Committed Service, Excellence in Work

Opening prayer

Accountability and Integrity, Committed Service, Excellence in Work

Concerns from the last meeting
• Chapter 7-Merchandising Operations-Part 4
• Please answer Problem No. 23 (pp. 7-63-7-64), in iStudy on or before
2:30 pm of October 25 (Tuesday).

Accountability and Integrity, Committed Service, Excellence in Work

Learning outcomes
• Classification based on analysis of expenses per IAS 1 requirement (par.
99)
• Application of knowledge to problems

Accountability and Integrity, Committed Service, Excellence in Work

True or false
• The periodic inventory system relies on a physical count of merchandise
for its balance sheet amount.

Accountability and Integrity, Committed Service, Excellence in Work

Seatwork
• Please answer True or False questions (pp. 7-28 - 7-30) today.

Accountability and Integrity, Committed Service, Excellence in Work

Assignment
• None

Accountability and Integrity, Committed Service, Excellence in Work

Concerns for this meeting

Accountability and Integrity, Committed Service, Excellence in Work

Integration of faith and learning
• Be diligent to present yourself approved to God, a worker who does not
need to be ashamed, rightly dividing the word of truth. – 2 Timothy 2:15,
NKJV

Accountability and Integrity, Committed Service, Excellence in Work

Closing prayer

Accountability and Integrity, Committed Service, Excellence in Work

Thank you for coming, see you again

Accountability and Integrity, Committed Service, Excellence in Work