serial number

Examples of serial number in the following topics:

• Specific Identification Method

  • When this information is found, the amount of goods is multiplied by their purchase cost at their purchase date, to get a number for the ending inventory cost.
  • These numbers will need to be estimated and reducing the specific identification's benefit of being extremely specific.
  • Under the specific identification method, the firm must identify each unit in inventory, unless it is unique, with a serial number or identification tag.

• Components of Inventory Cost

  • All the machines are the same, but they have serial numbers.

• Costing Methods Overview

  • Under the specific identification method, the firm must identify each unit in inventory, unless it is unique, with a serial number or identification tag.

• Types of Bonds

  • Serial bonds in a given bond issue have maturities spread over several dates.
  • These bonds have a stipulated conversion rate of some number of shares for each USD 1,000 bond.

• Efficiency Metrics

  • Some ratios are usually quoted as percentages, especially ratios that are usually or always less than 1, while others are usually quoted as decimal numbers, especially ratios that are usually more than 1.
  • The inventory turnover ratio is a measure of the number of times inventory is sold or used in a time period, such as a year.
  • The inventory conversion ratio is a measure of the number of days in a year it takes to sell inventory or convert it into cash.

• Basics of Cash Management

  • Each voucher should be assigned a number to identify it.
  • If the voucher was paid using a check, the check register will pair the voucher identification numbers with the check identification numbers.

• Inventory Turnover Ratio

  • Inventory turnover is the measure of the number of times inventory is sold or used in a time period such as a year.
  • In accounting, the inventory turnover is a measure of the number of times inventory is sold or used in a time period such as a year.

• Income Statement Formats

  • Some numbers depend on accounting methods used.
  • While other numbers depend on judgments and estimates.

• Impact of Measurement Error

  • In inventory controlling, measurement error is the difference between the actual number of stocks and the value obtained by measurement.
  • It is also vital that accountants and business owners fully understand the effects of inventory errors and grasp the need to be careful to get these numbers as correct as possible.

• Financial Statement Notes

  • While the Income Statement, Balance Sheet, Cash Flow Statement, and Statement of Retained Earning contain all numeric information about the company, these numbers often require a better explanation.
  • Notes to financial statements can include information and supporting data on debt, going concern criteria, accounts, contingent liabilities, or contextual information explaining the financial numbers (for example, if the company is facing a lawsuit).