Accounting Records for Sales

Posted by on Mar 28, 2025 in Accounting and Finance | 0 comments

Item 7. Accounting Record of Operations, Marketing, and Sales

7.1. Accounting for Sales PGC

System of Accounting Records and Accounts to Identify PGC

  • (700) Sale of goods
  • (701) Sales of finished products (35)
  • (702) Sales of semifinished products (34)
  • (703) Sale of products and waste (36)
  • (704) Sales of container and packaging (326, 327)
  • (705) Services

Create Accounts and Subaccounts for the Registration of Sales of Goods

The PGC accepts accounts and subaccounts as may be necessary.

Example: blue pen 70001,

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Understanding Accounting Vouchers, Books, and Financial Ratios

Posted by on Mar 27, 2025 in Accounting and Finance | 0 comments

Accounting Vouchers

Proof of Income:

These are used in transactions related to entering the company’s background.

Proof of Outflows:

These are used in transactions related to the outflows of the company.

Other Transactions:

These are used in other transactions made by the company.

The information contained in the proof is the origin for registration in the books, and they should also make accounting reports.

Books of Accounts: Purchases and Sales Assistants

These books are records of journal and subsidiary

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Revenue Recognition & Valuation

Posted by on Mar 26, 2025 in Accounting and Finance | 0 comments

Criteria for Recognition and Valuation

The fair value of the consideration we receive is usually the price of the good related to the operation, less discounts or rebates, whatever their nature, and incorporated in the nominal interest loans maturing within a year.

Interests may be included in commercial loans with a maturity not exceeding one year when there is a contractual interest rate and the effect of not discounting the cash flows is not significant.

Also consider: taxes on these transactions

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Understanding Income Statement, EBITDA, and Cash Flow

Posted by on Mar 26, 2025 in Accounting and Finance | 0 comments

Income Statement

Revenue from contracts with customers

Changes in inventories of finished goods and work in progress

Supplies

Work carried out by the company for its capital assets

Other operating income

Other operating expenses

Expenses for employee benefits

EBITDA

Amortization and depreciation

Impairment on non-current operating assets

Capital grants transferred to income

Results from disposal of non-current operating assets

Operating Results

Finance income

Finance expenses

Changes in fair value of financial

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Balance of Payments: International Transactions & Exchange Rates

Posted by on Mar 25, 2025 in Accounting and Finance | 0 comments

Understanding the Balance of Payments

The Balance of Payments (BoP) statistics are used to measure a country’s trade in goods, services, and financial assets with other countries. It records all international economic transactions:

  • Revenue transactions involve currency inflows into the country.
  • Payment transactions involve currency outflows from the country.
  • The balance is the difference between revenues and payments.

The BoP is structurally supported by two main accounts:

1. Current Account Balance

This

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Corporate Finance: Key Concepts and Calculations

Posted by on Mar 24, 2025 in Accounting and Finance | 0 comments

Key Corporate Finance Concepts and Calculations

1. SEVILLANA decides to sell some assets whose net book values at the time of the sale are between 100,000 and 500,000 euros respectively, while its liquidation or residual values are, after taxes, from 150,000 to 400,000 euros. To determine the cash receipts minus cash payments (model of cash flow), we:

b) Adding a positive adjustment of €550,000.

2. According to the dynamic analysis (not classic) solvency:

d) The credibility depends on three parameters:

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