Stock Valuation Systems & Methods | Periodic v/s Perpetual | FIFO LIFO AVCO | Commerce Specialist |
This video from Commerce Specialist is a tutorial video / lecture video related to an important Financial Accounting topic which is Inventory Valuation (Stock Valuation).
It explains the basic concept of Inventory Valuation, what is Inventory Valuation, why Inventory valuation is done, how inventory valuation is done, the three main types of inventories i.e. inventory of raw material, inventory of work in progress and inventory of finished goods.
This lecture also explains the difference between two main Inventory Valuation Systems which are Periodic and Perpetual System and their suitability to businesses.
This video also demonstrates a numerical solved example of how to value Closing stock under methods like FIFO, LIFO and AVCO under periodic and perpetual inventory valuation systems.
This video also explains the connection of Matching Principle (GAAP) with Inventory valuation and its effects on Statement of Comprehensive Income and Statement of Financial Position.
This tutorial/lecture video is very relevant and useful for students of I.Com, B.Com, O Levels, A Levels, CA, ACCA, CMA, CIMA, CIA and CPA as it covers the learning outcomes of their syllabus.
About:
Commerce Specialist is a Certified Management Accountant (CMA) from USA, holds a Bachelors in Accounting, B.Ed., an MBA in Finance along with over 20 years’ experience of working in MNCs including Banks, NBFIs and top business schools, colleges and universities.
My website link: www.comparativeedge.com
Link of my previous videos:
Depreciation Basics: [Methods and Calculations] • Depreciation | Methods...
IAS 16 Property Plant & Equipment: • IAS 16 PPE | Property,...
Viewers and students can contact me on info@comparativeedge.com or email me at studyonline8888@gmail.com or whatsapp me on +923219213800.
#inventoryvaluation #FIFO #AVCO
Пікірлер: 150
I really appreciate the way you explained the whole concept of inventory valuation and its calculations' methods.
@CommerceSpecialist
Жыл бұрын
Thx dear Muhammed
I really appreciate the way you go in detail to explain these concepts. Thanks to you, I can now know how to calculate FIFO,LIFO, and AVERAGE COST of both periodic and perpetual systems.❤❤
@CommerceSpecialist
3 ай бұрын
Ur welcome dear👍🙏
Great Explanation. Now this concept is crystal clear. Thank You so much.
I love the way you explain all the steps. Thank you, sir.
@CommerceSpecialist
3 жыл бұрын
Thanks sir
Thankyou Sir, very informative, kudos 👍🙏
Great video Sir !!!
Unparallel way of teaching🙏
@CommerceSpecialist
11 ай бұрын
Thanks Mr. Singh❤️😊🙏👍
THANK YOU VERY MUCH. YOUR WORK IS APPRECIATED!
@CommerceSpecialist
3 жыл бұрын
Thanks dear
Thank u so much sir!! You made it so easy
Simple and wonderful explanation, THANK YOU 🙏🏻
@CommerceSpecialist
3 жыл бұрын
Thx buddy
Great 👍👍
All important point are simplified , Great work sir.
@CommerceSpecialist
3 жыл бұрын
Thanks dear
Thank you sir it helped me a lot🤘
Thanks sir. The video helped alot :)
I really admire your videos sir.....from Ghana , always following your videos...GOD BLESS U.
@CommerceSpecialist
2 жыл бұрын
Thx
Thank you, Sir Explanation is easy, simple, and fun
@CommerceSpecialist
3 жыл бұрын
Thx dear
Thank you very much sir for your way of delivery.Pls show the transaction if purchase return or sales return occurred.
Thankyou sir for making it so simple and informative keep going !
@CommerceSpecialist
3 жыл бұрын
Thanks.
Very Good. Thank you
AWESOME
Thank you sir loved the way you explained it btw i watched it a day before my exam and it helped me. Thank you 🙏🙏
@CommerceSpecialist
2 жыл бұрын
Thats nice to know, you are welcome always dear
I really appreciate you sir, i understand very well the inventory valuation through your presentation.
@CommerceSpecialist
5 ай бұрын
🙏👍
Thanks for a remarkable video sir, your videos are of a great help
@CommerceSpecialist
3 жыл бұрын
Thanks.
Thank you sir Very helpful video
great work sir, 👍periodic average method very clearly understood
@CommerceSpecialist
6 ай бұрын
Ur welcome dear🙏👍😊
I appreciate you, and your content,you both are invaluable...
@CommerceSpecialist
9 ай бұрын
Ths dear🙏👍
thank u sir,i have my As level paper tomorrow extremely helpful
@CommerceSpecialist
Жыл бұрын
Good Luck dear
Thank you sir. The lecture was very clear clear and intuitive
@CommerceSpecialist
3 жыл бұрын
Thanks
Thank You Sir, You explain every lesson in a good manner .
@CommerceSpecialist
Жыл бұрын
Ur welcome dear
Thank you sir for making it easy and simple explanation.
@CommerceSpecialist
3 жыл бұрын
🙂
THANK YOU SO MUCH SIR.
Understood perfectly thank you sir 💕
@CommerceSpecialist
Жыл бұрын
Thanks Vartika
Nice video i love it keep it up
@CommerceSpecialist
Жыл бұрын
Thx dear
I really appreciate your kindness. Quality health I pray for, for you. I would be glad if you teach about Quantity Discount Model and ROP. Thanks
Superb sir ❤Great Explanation 👍🔥🔥 thank you sir ❤
@CommerceSpecialist
10 ай бұрын
Ur welcome👍🙏
THANK YOU SIR,Very helpful
@CommerceSpecialist
4 күн бұрын
@@abhijithKanhan ur welcome dear
Great video sir , very helpful.
@CommerceSpecialist
3 жыл бұрын
Thanks
Very well explained sir. Thankyou ❤
@CommerceSpecialist
2 ай бұрын
😍👍🙏
Thank you sir 🙏to the point explanation . It helped me
@CommerceSpecialist
3 жыл бұрын
You are welcome anytime do let me know topics of ur interest
First of all Thankyou so much sir for giving us your time , making us understand the concept very clear. Sir my request is please make CPA playlist , it would be very helpful for the students , as many of us cant offer high price coaching And As i always says that you are the BEST Teacher i ever founded on youtube.
@CommerceSpecialist
5 ай бұрын
Thanks dear, sure
Thank you Sir
I have been following your lecture notes,they are all simple and easy to understand. You are doing a great job in deed 👏 Please make video(s) on group accounts(consolidation of FS) and more videos on Auditing
@CommerceSpecialist
2 жыл бұрын
Thx
It was really really helpful !
@CommerceSpecialist
2 жыл бұрын
Thx dear
Well explained👏👏👏
@CommerceSpecialist
11 ай бұрын
Thx simran🙏👍
Very useful sir thank you so much 😊
@CommerceSpecialist
11 ай бұрын
😊👍🙏
Sir will u exolain the inventory errors from becker publication
Thank you sooooooo much
Thank you sir. Its very helpful
@CommerceSpecialist
3 жыл бұрын
Thx dear
Keep up the great work. Wish you all the best.
@CommerceSpecialist
3 жыл бұрын
Thanks dear
@CommerceSpecialist
3 жыл бұрын
Thanks
Thank you sir , its useful and valuable video
@CommerceSpecialist
3 жыл бұрын
Thanks dear
Thank you so much. Respect 😊
@CommerceSpecialist
Ай бұрын
Ur welcome dear👍🙏
Sir Do you have the video for Lease liability IFRS16?
Thankuu sir ❤
@CommerceSpecialist
Жыл бұрын
Thanks
Shukran for your help mr and depreciation please
thanks for the great lecture, I have now understood it well, however, kindly talk about returns.
@CommerceSpecialist
9 ай бұрын
Thx dear
Thank you sir, nice explaination
@CommerceSpecialist
3 жыл бұрын
Thanks dear
Thank you
Thank you sir Very helpful
@CommerceSpecialist
7 ай бұрын
Ur welcome dear😊👍
Thanks
Thank you!!
@CommerceSpecialist
Жыл бұрын
Ur welcome dear
Great work sir, May Allah bless you♥️
@CommerceSpecialist
Жыл бұрын
Thanks a lot Ms. Laghari🙏👍
Very nice class
@CommerceSpecialist
2 жыл бұрын
Thx dear
Thank u sir💕
@CommerceSpecialist
Жыл бұрын
Ur welcome dear❤️🙏👍
Sir beautiful Explanation. but in Practical approach If You mix Sales return or Purchase Return or Debit or Credit Note It will be more Beautiful. Thank You. WE expect more Video From You,
Hi Sir, please upload Part 1 all topics..
thank you for the valuable video
@CommerceSpecialist
3 жыл бұрын
You will keep getting more dear
@mustafakafina4148
3 жыл бұрын
@@CommerceSpecialist glad to hear that , thanks again and I hope you make such videos for the other sections in CMA
A good teacher every reading makes easy; you proven it again. best regards , Do you offer Dip-IFRS course.
@CommerceSpecialist
Жыл бұрын
Yes dear
You re a genius ⭐⭐⭐⭐⭐
@CommerceSpecialist
Жыл бұрын
Thx dear
sir .. please explain movig average method, its there in CMA US syllabus
@CommerceSpecialist
11 ай бұрын
Moving Average n AVCO is the same, depends if its periodic or perpetual system.
understandable
Between FIFO and LIFO, should the nature of inventory be considered before choosing a valuation method? I hope to hear from you soon . Thank you ,sir, I watch you from New York.
@CommerceSpecialist
2 жыл бұрын
Yes dear, thats very imp. Regards
Waiting for more Accounting videos
@CommerceSpecialist
3 жыл бұрын
Sure
Pls i want to know the commpany and patnarship accounts. Thank you sir.
@CommerceSpecialist
Жыл бұрын
Sure dear
Pretty plain and professional way of teaching.
@CommerceSpecialist
3 жыл бұрын
Thanks
How do we entry sales return and purchase return?
@CommerceSpecialist
2 жыл бұрын
Pls watch my video on accounting basics 2, there i have explained it in detail
While Calculating closing stock given opening unints as 100 units purchased 200 units on 2 Jan then on 5 feb sale of 700 units if LIFO perpetual method the first is taken from purchases of 2 jan why not first from opening stock
@CommerceSpecialist
2 жыл бұрын
Thats the requirement of the method, in LIFO we sell from the recent stock, not from the oldest stock
❤❤❤
@CommerceSpecialist
8 ай бұрын
Thanks Shah Sahab👍🙏
Sir us cma ki fees aapki kitni hai
How to deal with purchase return if any?
@CommerceSpecialist
2 жыл бұрын
Subtract at cost
Sir, why don't we use selling price of &50
@CommerceSpecialist
Жыл бұрын
Stock taking is always done on cost, selling orice is used to calculate sales
Make more video sir targeting ca acca cma student
@CommerceSpecialist
3 жыл бұрын
Sure
✌️✌️✌️🙏🙏🙏
Thank you sir But I didn’t understand the periodic calculations they were confusing
@CommerceSpecialist
3 жыл бұрын
Let me know which part, will explain u again.
@samaralbalushi7775
3 жыл бұрын
@@CommerceSpecialist the FIFO and the LIFO
@CommerceSpecialist
3 жыл бұрын
Which method, lifo, fifo or avco??
@samaralbalushi7775
3 жыл бұрын
@@CommerceSpecialist periodic and both method fifo and lifo
This amazing explaining your good teacher ❤
sold 6000 @$50. Sold 1000 @$50.. why we are not considering these @$50
@CommerceSpecialist
Ай бұрын
Selling price is considered to calculate sales, this entire statement is on cost basis
Thank you sir