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    Acctg 029 - Mod 4 Notes

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    Alfred Clavite
    The document discusses various accounting concepts related to realized and unrealized gross profit, including: - Seller realized P22,500 gross profit from sales of P80,000 with a cost of goods sold of P50,000. The remaining P7,500 was unrealized gross profit. - It provides an example of downstream and upstream sales between a parent and subsidiary company. - It outlines the breakdown of the Master of Accounting Studies (MAS) degree, which focuses 50% on managerial accounting, 40% on financial management, and 10% on special topics.

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    Acctg 029 - Mod 4 Notes

    Uploaded by

    Alfred Clavite
    14 views2 pages
    The document discusses various accounting concepts related to realized and unrealized gross profit, including: - Seller realized P22,500 gross profit from sales of P80,000 with a cost of goods sold of P50,000. The remaining P7,500 was unrealized gross profit. - It provides an example of downstream and upstream sales between a parent and subsidiary company. - It outlines the breakdown of the Master of Accounting Studies (MAS) degree, which focuses 50% on managerial accounting, 40% on financial management, and 10% on special topics.

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    Acctg 029 - Mod 4 Notes

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    The document discusses various accounting concepts related to realized and unrealized gross profit, including: - Seller realized P22,500 gross profit from sales of P80,000 with a cost of goods sold of P50,000. The remaining P7,500 was unrealized gross profit. - It provides an example of downstream and upstream sales between a parent and subsidiary company. - It outlines the breakdown of the Master of Accounting Studies (MAS) degree, which focuses 50% on managerial accounting, 40% on financial management, and 10% on special topics.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
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    14 views2 pages

    Acctg 029 - Mod 4 Notes

    Uploaded by

    Alfred Clavite
    The document discusses various accounting concepts related to realized and unrealized gross profit, including: - Seller realized P22,500 gross profit from sales of P80,000 with a cost of goods sold of P50,000. The remaining P7,500 was unrealized gross profit. - It provides an example of downstream and upstream sales between a parent and subsidiary company. - It outlines the breakdown of the Master of Accounting Studies (MAS) degree, which focuses 50% on managerial accounting, 40% on financial management, and 10% on special topics.

    Copyright:

    © All Rights Reserved
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    of 2

    GAS

    -EI P80,000 over 30,000


    COGS under 30,000

    P30,000 gross profit x 75% sold to outsiders


    = P22,500 realized gross profit

    P7,500 unrealized gross profit

    Seller
    Sales P80,000
    COGS 50,000
    GP 30,000 (75% sold to outsiders)

    closed in the RE - seller


    unrealized GP 7,500

    Downstream sales
    Parent ==> Subsidiary
    Seller Buyer

    Upstream sales
    Subsidiary parent
    Seller ==> Buyer

    a. P800,000
    b. - dividend income 6,000 x 90% - 5,400
    c. CNI - Downstream
    EI P16,000 x 75% = P12,000 UGP P4,000
    P16,000 x 25% = P4,000

    S 100%
    COGS 75%

    Realized GP via Beg invty


    BI P10,000 x 25% = P2,500
    GP 25%

    MAS
    50% - Managerial Accounting
    Strategic cost management, cost accounting and control,
    Management accounting
    Cost concepts and behaviour
    Cost volume profit analysis
    Standard costing and variance analysis
    varaible and absortion costing
    Financial planning and budgets
    Activty based costing and management
    Strategic cost management

    40% - Financial Management


    Financial management, capital markets, financial institutions
    10% - Special Topics
    (Economics - basic micro, macro, management consultancy
    Economics development
    management science
    Operations management and TQM
    Beginning invty down = P3,000 x 35% = P1,050 mark up
    Beginning invty upstream = P2,500 mark up P1,000

    Current year sale 2019:


    Downstream P60,000 x 30% = P18,000 x (25/125) = P3,600
    Upstream P40,000 x 30% = P12,000 x 20% = P2,400

    120,000 - 75,000 = 45,000 mark up x 20% = 9,000 UGP EI

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