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[Intermediate Accounting] Discussion 07 - Inventory Estimation

Hi! This is Sir Chua's Accounting Lessons PH.
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Intermediate Accounting
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Discussion 07
Inventories 4
Inventory Estimation
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Kevin Troy M. Chua, CPA
*Certified Public Accountant, October 2014
*CIPP UK Certified Payroll Professional®, October 2020
*BS Accountancy
*Master in Accountancy (CE Pending)
*NC-III Bookkeeping, TESDA
*Content Developer for Accountancy - Course Hero
*Accounting and Finance Lecturer
*Formerly from PwC - Isla Lipana & Co. and SM
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For comments and suggestions, you may put them down respectfully in the comments section below.
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For speakership invites, please do not hesitate to shoot an email at kevintroy.chua1994@gmail.com
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Opening music:
Love Is • Macchiato
Music promoted by - d a y d r e a m -
Link: / @blu6683
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TO GOD BE ALL THE GLORY, HONOR, AND PRAISE FOREVERMORE!

Пікірлер: 78

  • @kwonjihoon2270
    @kwonjihoon22703 жыл бұрын

    Kung sino man mga naging students niyo nung wala pang pandemic I'm very sure they learned a lot from you. Your uploads are very helpful already, how much more if face-to-face yung classes niyo. It must be fun learning with you personally Sir.

  • @cusijosefree0613
    @cusijosefree06133 жыл бұрын

    "Ala namang nakapagrecord ka pa habang nasusunog" 😂 you're so funny po Sir. Thank you very much for this po!

  • @couragely1576
    @couragely15763 жыл бұрын

    Please continue uploading accounting lessons as it has served a great deal of help to me and freshman year in accounting.

  • @gucedanicajoyce4951
    @gucedanicajoyce49513 жыл бұрын

    I am so sleepy right now but I needed to study for tomorrow's quiz. Thanks for the intro, I love the song. Nakaka shock rin na marunong kayo magtalog hahaha, Thank you po.

  • @bernadethmaycardino7633
    @bernadethmaycardino76332 жыл бұрын

    bakit ba mas gusto ko ang turo mo kaysa sa kasalukayang proof ko THANKYOUUUU SO MUCH SIR.

  • @ralphlefrancisdomingo9449
    @ralphlefrancisdomingo94492 жыл бұрын

    Maproseso pero Kaya. Thank you for the precise and simple discussion sir chua.

  • @ryxarianeguibelondo9088
    @ryxarianeguibelondo90883 жыл бұрын

    Please keep on uploading accounting lessons sir chua! it's a huge help sa students like me. More power po, godbless!

  • @joseuberas1121
    @joseuberas1121 Жыл бұрын

    Ang Ganda nang explanation, Sir chua! Great help Po sakin na nag rereview for CPA boards

  • @rufaidahsalik1289
    @rufaidahsalik1289 Жыл бұрын

    That was a very detailed explanation. Thank you so much!!! I am currently reviewing for my Mock board exam tomorrow. Thankfully I came across your vid and sobraaaang laking tulong po 🫶 God bless you, Sir!

  • @yukie31snow
    @yukie31snow2 жыл бұрын

    Prelim Exam ko bukas sana maretain ko lahat. Ang galing nyo po talaga magpaliwanag 💜 Thank you Sir Chua 😫

  • @kimberlybagnol1405
    @kimberlybagnol1405 Жыл бұрын

    thanks po!!!!!!!!!! gets na gets ko to

  • @alvinabad613
    @alvinabad6133 жыл бұрын

    Tyy sir chuaaaaaa!!! I am having my last yr sa bsa.and meron po kaming oral and written exam.aask kami ng cpa sa saturday jan9..this is really helpful sa toa and Far questions

  • @zgzernramoran4105
    @zgzernramoran41053 жыл бұрын

    Sir chua the best teacher

  • @idunno7916
    @idunno79163 жыл бұрын

    Thank you very much po sana marami pa po kayong matukungan na students

  • @kfmg2858
    @kfmg28582 жыл бұрын

    Good day sir! I have a question po regarding sa cost-retail , Kasama po ba ang transfer in, transfer out , abnormal loss and employee discount sa pagcompute ng sales or purchases?

  • @lrvtv4240
    @lrvtv42403 жыл бұрын

    Mas naiintidihan ko po kayo magturo kesa mga prof ko sa online class.

  • @jascelmanlangit9378
    @jascelmanlangit93782 жыл бұрын

    Thankyoy sir Chua!❤️

  • @annepandesal
    @annepandesal5 ай бұрын

    thank you ♡

  • @yanaboo8885
    @yanaboo88853 жыл бұрын

    I love also your humor and hugots.

  • @princesleviejoyclaro5557
    @princesleviejoyclaro5557 Жыл бұрын

    Cutie naman po ng intro song. 😱😍

  • @ashleydulce1437
    @ashleydulce14373 жыл бұрын

    Thank you sir!😭❤️

  • @monzalesjovye.1680
    @monzalesjovye.16802 жыл бұрын

    Thank you so much sir! More power

  • @rowellacobierros445
    @rowellacobierros4453 жыл бұрын

    Thank you po sir chua! More power po. ella :)

  • @rafaelindic522
    @rafaelindic5223 жыл бұрын

    Thank you po sir Rafael Indic

  • @zgzernramoran4105
    @zgzernramoran41053 жыл бұрын

    best teacher ba

  • @angelmayo8117
    @angelmayo81173 жыл бұрын

    Thank you sir Angel😊😊😊

  • @mikiakada5139
    @mikiakada51393 жыл бұрын

    thank you po, sir chua! god bless u po always. mikss :))

  • @lai5807
    @lai58073 жыл бұрын

    Thank youu very much sir! I can easily understand the lessons because of you charot hahaha. Sir can I request a topic po? Can you make a discussion about Government grant? Thank youu po talaga sir.

  • @charmierosetalisay5739
    @charmierosetalisay57393 жыл бұрын

    Thank you sir❤️ -Charmie

  • @ritchellejoybautista3056
    @ritchellejoybautista30563 жыл бұрын

    thank you so much for this discussion, Sir! :)

  • @scmndr1630
    @scmndr16303 жыл бұрын

    Thank you po sir! Elline

  • @remejoyyy
    @remejoyyy2 жыл бұрын

    saranghaeyo sir. Di nahahalatang bts fan po kau sirHAHAHA

  • @patriciamaerosales200
    @patriciamaerosales2003 жыл бұрын

    thank you, sir! pat

  • @angelademecillo9231
    @angelademecillo92313 жыл бұрын

    Thank you po sir!! -Angela

  • @yanaboo8885
    @yanaboo88853 жыл бұрын

    learned a lot

  • @folklovermorenightsdepartment
    @folklovermorenightsdepartment3 жыл бұрын

    Sir, sana ikaw nalang prof namin sa IA. Huhuhuhu P. S I won't disclose the name of my school, mahirap na hahahahhaa

  • @berlenelykatreishapedimont1351
    @berlenelykatreishapedimont13513 жыл бұрын

    Thank you po, Sir! Berlene

  • @gizelleannmartinez585
    @gizelleannmartinez5853 жыл бұрын

    thank you po. zelle 😊

  • @renzdelrosario3844
    @renzdelrosario38443 жыл бұрын

    Helpful as always sir. Thank you po! Renz

  • @yanaboo8885
    @yanaboo88853 жыл бұрын

    thank you sir!!!☻

  • @gucedanicajoyce4951
    @gucedanicajoyce49513 жыл бұрын

    HAHAHAHA lol kpop fan si sir, kilala ang bts 😂 kinanta pa yung Fire nila 😂

  • @idunno7916
    @idunno79163 жыл бұрын

    27:58 retail inventory method

  • @rosemiraflor5146
    @rosemiraflor51463 жыл бұрын

    Sir, itatanong konalang din po dito, ang freight-in in po ba kasama sa purchase price? freight-out at general overhead cost sa costs to sell po?

  • @spencersaria6888
    @spencersaria68883 жыл бұрын

    Thank you po sir😊 -spencer

  • @diehann9368
    @diehann93683 жыл бұрын

    Thank you, sir! I appreciate ur lessons po as always!!! - Diahann 💘

  • @allyzabuenaventura4231
    @allyzabuenaventura42313 жыл бұрын

    Thank you po sir -Ally

  • @shyngaborno4136
    @shyngaborno41362 жыл бұрын

    Hello po, tanong ko lang po, dahil hindi naisama si sales allowances at discount sa estimated inventory, hindi na rin sila isasama sa income statement sa net sales na part or isasama pa rin? Thanks

  • @eleneem2
    @eleneem23 жыл бұрын

    I'm not your student but thank you!!! 💕

  • @antoninovillete8229
    @antoninovillete8229 Жыл бұрын

    Love ur intro music.anu title sir. Thank yoi sir. Dami ko natutunan

  • @judyannlapres8127
    @judyannlapres81273 жыл бұрын

    Thank you sirrr❤ -judy ann

  • @yanaboo8885
    @yanaboo88853 жыл бұрын

    love your intro music

  • @obet58
    @obet582 жыл бұрын

    Sir please Advance Accounting naman po huhu

  • @najiwest291
    @najiwest2913 жыл бұрын

    Thankyou po sir 💖 -andrei

  • @kfmg2858
    @kfmg28582 жыл бұрын

    Good day sir, in cost - retail , Kasama po ba ang employee discount, abnormal loss, transfer in, transfer out ? Thank you sir.

  • @theresecarmelvolcan5019
    @theresecarmelvolcan5019 Жыл бұрын

    On computing the Net Sales, what if po there's an account of Sales Return and Allowances, wil it be included in computation of Net Sales? (Sales Return has physical flow of goods, but Sales Allowances has no physical flow of goods)

  • @annacaira5571

    @annacaira5571

    Жыл бұрын

    Included po. Deduct sales return and allowances from sales to arrive at the net sales that will be deducted to COGAS.

  • @kenjijamesvargas4563
    @kenjijamesvargas45633 жыл бұрын

    Sir, ano po treatment kapag may purchase allowance, discount at sales allowance, discounts?

  • @idunno7916
    @idunno79163 жыл бұрын

    @20:06 cracked me up 🤣 lavittt

  • @lauraolivia4463
    @lauraolivia44632 жыл бұрын

    Thank you po, Sir Chua! Ang galing niyo po. Pero magagalit po ba kayo kung sasabihin kong di ko pa narinig totoong sound ng voice mo? Palagi pong naka-x2 ang speed. Hehe

  • @sirchuasaccountinglessonsp3030

    @sirchuasaccountinglessonsp3030

    2 жыл бұрын

    Ganyan naman kayo, pinagra-rap nyo ko lagi hahahahaha

  • @lauraolivia4463

    @lauraolivia4463

    2 жыл бұрын

    @@sirchuasaccountinglessonsp3030 aww I'm so touched, na-notice ako ng nag-iisang Sir Chua na magaling. Pero infairness Sir, ang galing niyo po mag-rap. Clear na clear yung words, daig mo pa po si Eminem.

  • @idunno7916
    @idunno79163 жыл бұрын

    Yung webinar po, it's free to join as audience po? Assuming po that it's about accounting¿ Curious lang po hihi

  • @rhonamacahilas7346
    @rhonamacahilas73463 жыл бұрын

    Hello Sir. Anggaling po ng pagkakadiscuss nyo po. Is it okay to ask you po?😍 Sa given data ng problem na sinosolve ko po kasi is sabi don 'Sales (including sales of 4,500 that were marked down from 6,000) = P374,000. Tanong ko po is isasama ko po ba yung 1,500 na markdown sa pagcompute ng GAS at retail before computing cost-to-retail ratio? or wala na pong gagawin , deduct nalang yung 374,000 as sales sa GAS for estimation to get the ending inventory at retail po? Thank you so much, sana po manotice nyo po. 😍

  • @gerryrocascerrudocpa2170

    @gerryrocascerrudocpa2170

    2 жыл бұрын

    Inn that case , you have to show P 1,500 markdown....to arrive at cost of goods available for sale at Retail( Average approach/Cost method )...in Conservative approach, do not include the markdown in computing GAFS at retail to be used in getting cost percentage...but ultimately deduct the markdown to get the final cost of goods available for sale at retail whether Conservative or Average...

  • @elizbethcula6036
    @elizbethcula60363 жыл бұрын

    😊 Elizabeth

  • @bernardmelendres7259
    @bernardmelendres72592 жыл бұрын

    Hi po sir...Ask ko lang pop if may FOA ka na Accounting lessons po.

  • @trixiaestiller9583
    @trixiaestiller95833 жыл бұрын

    Trixia 🤗

  • @anunknowncommenter7013
    @anunknowncommenter70133 жыл бұрын

    Kindly anyone can give me the formula of "Conservative retail inventory method" pls ...

  • @jouanaescarlan2523
    @jouanaescarlan25233 жыл бұрын

    Jouana

  • @keytnicholekatipunan7198
    @keytnicholekatipunan71983 жыл бұрын

    Keyt Nichole

  • @romiarian5978
    @romiarian59782 жыл бұрын

    First I thought it was in English but further it goes it's more in native ,so that's why I can't understand , Can someone tell me what language is this?

  • @silennalaurenmanlangit961

    @silennalaurenmanlangit961

    Жыл бұрын

    Tagalog/filipino

  • @dyanamey8300
    @dyanamey83003 жыл бұрын

    Jannah Mae

  • @arizavillafuerte8365
    @arizavillafuerte83653 жыл бұрын

    Ariza

  • @jennybandiola9216
    @jennybandiola92163 жыл бұрын

    Jen BSA301

  • @keimiyashiro6651
    @keimiyashiro66513 жыл бұрын

    I wish you were our* prof lool

  • @jomnaparan9332
    @jomnaparan93323 жыл бұрын

    Jom

  • @Ryfrnc09
    @Ryfrnc093 жыл бұрын

    Franco

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