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반품권의 회계처리에 대한 소고 : Considerations upon Accounting Process of Right of Return
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- Authors
- Issue Date
- 2008-12
- Publisher
- 서울대학교 경영대학 경영연구소
- Citation
- 경영논집, Vol.42 No.1/4, pp. 1-10
- Abstract
- Frequently purchasers of merchandise have the right of return the goods they
purchase for a full or partial refunds. This paper discusses how the right of return
affects revenue recognition from the perspective of asset valuation. When returns are
substantial, recognizing returns only as they occur could cause income to be overstated
in the period of the sale and understated in the return period. To avoid the distortion
of income measurement and asset valuation when amounts are material, the amount of
returns should be estimated and an allowance for estimated returns should be
established. If, however, returns are unpredictable, the goods should not be considered
sold and not be removed from its inventory. The Korean reporting standards relating
to the return are quite complex. This paper suggests an alternative accounting
treatment for sales returns.
- ISSN
- 1229-0491
- Language
- Korean
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