Inventory Explained
In the lesson, we look at Inventory. We explain what inventory is, how to identify if an asset is an inventory, methods of determining the cost of inventory, inventory systems, and the disclosure of inventories in the financial statements.
Timestamps:
The definition of inventory (What is inventory): 00:00
Classification of inventory: 01:28
Cost of inventories: 03:44
Methods of determining the cost of inventory: 05:03
FIFO (First-In-First-Out) Method - PERPETUAL Example: • FIFO (First-In-First-O...
First In First Out (FIFO) | PERIODIC Example: • First In First Out (FI...
Weighted Average Inventory Costing | PERPETUAL Example: • Weighted Average Inven...
LIFO Method Accounting - Perpetual: • LIFO (Last-In, First-O...
Inventory with VAT | Journal Entries | Periodic Inventory System: • Inventory with VAT | J...
Inventory with VAT | Journal Entries | Perpetual Inventory System: • Inventory with VAT | J...
Perpetual Inventory System Explained with Journal Entry Example: • Inventory Journal Entr...
Periodic Inventory System Explained with Journal Entry Example: • Inventory Journal Entr...
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Пікірлер: 21
i love the simplicity and clarity you input in this standard👌it makes it easier for an average student, thanks so big sir🙏
Thank you very much. I love how you explain everything so easily that one can understand it immediately.
This explained the concept of inventory so well in an understandable way honestly. Thank you.👏👏
Wow! This is amazing! People should come and learn inventory for less than 20min here! Thank you sir
Thank you so much. This video cleared a lot up that my lecturers didn't really explain.
Thank you so much. You are a lifesaver
Great explanation. Thank you so much
This is wonderful explanation, Good work Sir
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Well explained.
Well explained,l now have a better understanding about inventory ☺️
Thank you so much sir
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Hi! Thank you for uploading these tutorial videos. It helps a lot. Could you perhaps consider linking notes of the tutorial videos in the description, (Like a Google Slides link), so that we can print out the examples to keep for when we are studying? Thank you
@Counttuts
3 жыл бұрын
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@chinelleolivier8233
3 жыл бұрын
@@Counttuts thanks a lot! I'll email you for it 😊
@jennycagape3104
2 жыл бұрын
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Should the car bought for rental purposes be treated as Investment Property rather than PPE?
SUZA brings me here, unintentionally