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

  • @muhammadislam7987
    @muhammadislam7987 Жыл бұрын

    I really appreciate the way you explained the whole concept of inventory valuation and its calculations' methods.

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Thx dear Muhammed

  • @AmendaKenken
    @AmendaKenken3 ай бұрын

    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

    @CommerceSpecialist

    3 ай бұрын

    Ur welcome dear👍🙏

  • @amitjain1229
    @amitjain1229 Жыл бұрын

    Great Explanation. Now this concept is crystal clear. Thank You so much.

  • @shaad7913
    @shaad79133 жыл бұрын

    I love the way you explain all the steps. Thank you, sir.

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Thanks sir

  • @dollymenghani2210
    @dollymenghani22103 жыл бұрын

    Thankyou Sir, very informative, kudos 👍🙏

  • @nimmioommen8956
    @nimmioommen89563 жыл бұрын

    Great video Sir !!!

  • @sanjaykumarsingh8954
    @sanjaykumarsingh895411 ай бұрын

    Unparallel way of teaching🙏

  • @CommerceSpecialist

    @CommerceSpecialist

    11 ай бұрын

    Thanks Mr. Singh❤️😊🙏👍

  • @zakirshaikh7765
    @zakirshaikh77653 жыл бұрын

    THANK YOU VERY MUCH. YOUR WORK IS APPRECIATED!

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Thanks dear

  • @Ilsa_khan
    @Ilsa_khan7 ай бұрын

    Thank u so much sir!! You made it so easy

  • @basharessam8185
    @basharessam81853 жыл бұрын

    Simple and wonderful explanation, THANK YOU 🙏🏻

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Thx buddy

  • @collegefriends9729
    @collegefriends9729 Жыл бұрын

    Great 👍👍

  • @zeeshanhanfi5085
    @zeeshanhanfi50853 жыл бұрын

    All important point are simplified , Great work sir.

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Thanks dear

  • @ankitacharya5307
    @ankitacharya53073 жыл бұрын

    Thank you sir it helped me a lot🤘

  • @emmadmughal4721
    @emmadmughal47212 жыл бұрын

    Thanks sir. The video helped alot :)

  • @josephmanu5664
    @josephmanu56642 жыл бұрын

    I really admire your videos sir.....from Ghana , always following your videos...GOD BLESS U.

  • @CommerceSpecialist

    @CommerceSpecialist

    2 жыл бұрын

    Thx

  • @jamilaalbusaidi7453
    @jamilaalbusaidi74533 жыл бұрын

    Thank you, Sir Explanation is easy, simple, and fun

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Thx dear

  • @user-pz5tb7sl7j
    @user-pz5tb7sl7j2 жыл бұрын

    Thank you very much sir for your way of delivery.Pls show the transaction if purchase return or sales return occurred.

  • @nupurtilwani8897
    @nupurtilwani88973 жыл бұрын

    Thankyou sir for making it so simple and informative keep going !

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Thanks.

  • @Globtexich
    @Globtexich2 жыл бұрын

    Very Good. Thank you

  • @ishakkhan9885
    @ishakkhan9885 Жыл бұрын

    AWESOME

  • @anujgundecha8743
    @anujgundecha87432 жыл бұрын

    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

    @CommerceSpecialist

    2 жыл бұрын

    Thats nice to know, you are welcome always dear

  • @user-ud6ev4nk8c
    @user-ud6ev4nk8c5 ай бұрын

    I really appreciate you sir, i understand very well the inventory valuation through your presentation.

  • @CommerceSpecialist

    @CommerceSpecialist

    5 ай бұрын

    🙏👍

  • @mahamquraishi4439
    @mahamquraishi44393 жыл бұрын

    Thanks for a remarkable video sir, your videos are of a great help

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Thanks.

  • @manishashekhawat5391
    @manishashekhawat53913 жыл бұрын

    Thank you sir Very helpful video

  • @user-dk1ex5mp4j
    @user-dk1ex5mp4j6 ай бұрын

    great work sir, 👍periodic average method very clearly understood

  • @CommerceSpecialist

    @CommerceSpecialist

    6 ай бұрын

    Ur welcome dear🙏👍😊

  • @barnabasnsowa4118
    @barnabasnsowa41189 ай бұрын

    I appreciate you, and your content,you both are invaluable...

  • @CommerceSpecialist

    @CommerceSpecialist

    9 ай бұрын

    Ths dear🙏👍

  • @rani-vc5ub
    @rani-vc5ub Жыл бұрын

    thank u sir,i have my As level paper tomorrow extremely helpful

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Good Luck dear

  • @abdirahmanmohamedsheik3607
    @abdirahmanmohamedsheik36073 жыл бұрын

    Thank you sir. The lecture was very clear clear and intuitive

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Thanks

  • @user-bh3rk4hp5s
    @user-bh3rk4hp5s Жыл бұрын

    Thank You Sir, You explain every lesson in a good manner .

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Ur welcome dear

  • @fatimaal-lawatia7379
    @fatimaal-lawatia73793 жыл бұрын

    Thank you sir for making it easy and simple explanation.

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    🙂

  • @khinyadanawin9095
    @khinyadanawin90952 жыл бұрын

    THANK YOU SO MUCH SIR.

  • @vartikaroy7362
    @vartikaroy7362 Жыл бұрын

    Understood perfectly thank you sir 💕

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Thanks Vartika

  • @alfadecosta5767
    @alfadecosta5767 Жыл бұрын

    Nice video i love it keep it up

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Thx dear

  • @frankfrederickdanquah8678
    @frankfrederickdanquah86782 жыл бұрын

    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

  • @bhavanachoudhary840
    @bhavanachoudhary84010 ай бұрын

    Superb sir ❤Great Explanation 👍🔥🔥 thank you sir ❤

  • @CommerceSpecialist

    @CommerceSpecialist

    10 ай бұрын

    Ur welcome👍🙏

  • @abhijithKanhan
    @abhijithKanhan7 күн бұрын

    THANK YOU SIR,Very helpful

  • @CommerceSpecialist

    @CommerceSpecialist

    4 күн бұрын

    @@abhijithKanhan ur welcome dear

  • @hashirnoor7359
    @hashirnoor73593 жыл бұрын

    Great video sir , very helpful.

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Thanks

  • @bhsdiwale_chicha1501
    @bhsdiwale_chicha15012 ай бұрын

    Very well explained sir. Thankyou ❤

  • @CommerceSpecialist

    @CommerceSpecialist

    2 ай бұрын

    😍👍🙏

  • @anshuacharya2660
    @anshuacharya26603 жыл бұрын

    Thank you sir 🙏to the point explanation . It helped me

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    You are welcome anytime do let me know topics of ur interest

  • @Timepass1Msub
    @Timepass1Msub5 ай бұрын

    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

    @CommerceSpecialist

    5 ай бұрын

    Thanks dear, sure

  • @mdshimulchw686
    @mdshimulchw686 Жыл бұрын

    Thank you Sir

  • @emmanuelmagai61
    @emmanuelmagai612 жыл бұрын

    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

    @CommerceSpecialist

    2 жыл бұрын

    Thx

  • @archiyadav4899
    @archiyadav48992 жыл бұрын

    It was really really helpful !

  • @CommerceSpecialist

    @CommerceSpecialist

    2 жыл бұрын

    Thx dear

  • @SimranjeetKaur-kq5vj
    @SimranjeetKaur-kq5vj Жыл бұрын

    Well explained👏👏👏

  • @CommerceSpecialist

    @CommerceSpecialist

    11 ай бұрын

    Thx simran🙏👍

  • @siddharthkanojiya9867
    @siddharthkanojiya986711 ай бұрын

    Very useful sir thank you so much 😊

  • @CommerceSpecialist

    @CommerceSpecialist

    11 ай бұрын

    😊👍🙏

  • @explorewithmaroof6666
    @explorewithmaroof66662 жыл бұрын

    Sir will u exolain the inventory errors from becker publication

  • @Ss-bt4to
    @Ss-bt4to Жыл бұрын

    Thank you sooooooo much

  • @samiralhamdani2835
    @samiralhamdani28353 жыл бұрын

    Thank you sir. Its very helpful

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Thx dear

  • @alisibtain100
    @alisibtain1003 жыл бұрын

    Keep up the great work. Wish you all the best.

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Thanks dear

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Thanks

  • @marwaalbalushi4578
    @marwaalbalushi45783 жыл бұрын

    Thank you sir , its useful and valuable video

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Thanks dear

  • @shahnimashafiqsimin5866
    @shahnimashafiqsimin5866Ай бұрын

    Thank you so much. Respect 😊

  • @CommerceSpecialist

    @CommerceSpecialist

    Ай бұрын

    Ur welcome dear👍🙏

  • @fazmimuhamed8155
    @fazmimuhamed81552 ай бұрын

    Sir Do you have the video for Lease liability IFRS16?

  • @shahmafidhu5559
    @shahmafidhu5559 Жыл бұрын

    Thankuu sir ❤

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Thanks

  • @aniyma-tz1100
    @aniyma-tz11002 жыл бұрын

    Shukran for your help mr and depreciation please

  • @dutamos1198
    @dutamos11989 ай бұрын

    thanks for the great lecture, I have now understood it well, however, kindly talk about returns.

  • @CommerceSpecialist

    @CommerceSpecialist

    9 ай бұрын

    Thx dear

  • @twalalmohammd8028
    @twalalmohammd80283 жыл бұрын

    Thank you sir, nice explaination

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Thanks dear

  • @fazmimuhamed8155
    @fazmimuhamed81552 ай бұрын

    Thank you

  • @mrmukmmel158
    @mrmukmmel1587 ай бұрын

    Thank you sir Very helpful

  • @CommerceSpecialist

    @CommerceSpecialist

    7 ай бұрын

    Ur welcome dear😊👍

  • @PalaniS-ql9sb
    @PalaniS-ql9sb Жыл бұрын

    Thanks

  • @paulahunt414
    @paulahunt414 Жыл бұрын

    Thank you!!

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Ur welcome dear

  • @bushralaghari781
    @bushralaghari781 Жыл бұрын

    Great work sir, May Allah bless you♥️

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Thanks a lot Ms. Laghari🙏👍

  • @selimmahmud9514
    @selimmahmud95142 жыл бұрын

    Very nice class

  • @CommerceSpecialist

    @CommerceSpecialist

    2 жыл бұрын

    Thx dear

  • @blinkarmygirl5117
    @blinkarmygirl5117 Жыл бұрын

    Thank u sir💕

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Ur welcome dear❤️🙏👍

  • @tanmoychakraborty9705
    @tanmoychakraborty9705 Жыл бұрын

    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,

  • @user-lq7hh5ni9c
    @user-lq7hh5ni9c2 жыл бұрын

    Hi Sir, please upload Part 1 all topics..

  • @mustafakafina4148
    @mustafakafina41483 жыл бұрын

    thank you for the valuable video

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    You will keep getting more dear

  • @mustafakafina4148

    @mustafakafina4148

    3 жыл бұрын

    @@CommerceSpecialist glad to hear that , thanks again and I hope you make such videos for the other sections in CMA

  • @emrankhanmajlish7953
    @emrankhanmajlish7953 Жыл бұрын

    A good teacher every reading makes easy; you proven it again. best regards , Do you offer Dip-IFRS course.

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Yes dear

  • @sundayokoh
    @sundayokoh Жыл бұрын

    You re a genius ⭐⭐⭐⭐⭐

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Thx dear

  • @NidhinCMA
    @NidhinCMA11 ай бұрын

    sir .. please explain movig average method, its there in CMA US syllabus

  • @CommerceSpecialist

    @CommerceSpecialist

    11 ай бұрын

    Moving Average n AVCO is the same, depends if its periodic or perpetual system.

  • @talha8byttalha963
    @talha8byttalha96317 күн бұрын

    understandable

  • @augustineaboateng9707
    @augustineaboateng97072 жыл бұрын

    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

    @CommerceSpecialist

    2 жыл бұрын

    Yes dear, thats very imp. Regards

  • @faysalqureshi7656
    @faysalqureshi76563 жыл бұрын

    Waiting for more Accounting videos

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Sure

  • @Syed-rg5vl
    @Syed-rg5vl Жыл бұрын

    Pls i want to know the commpany and patnarship accounts. Thank you sir.

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Sure dear

  • @faysalqureshi7656
    @faysalqureshi76563 жыл бұрын

    Pretty plain and professional way of teaching.

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Thanks

  • @selimmahmud9514
    @selimmahmud95142 жыл бұрын

    How do we entry sales return and purchase return?

  • @CommerceSpecialist

    @CommerceSpecialist

    2 жыл бұрын

    Pls watch my video on accounting basics 2, there i have explained it in detail

  • @syedakbar4535
    @syedakbar45352 жыл бұрын

    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

    @CommerceSpecialist

    2 жыл бұрын

    Thats the requirement of the method, in LIFO we sell from the recent stock, not from the oldest stock

  • @pirmuhammadshah3987
    @pirmuhammadshah39878 ай бұрын

    ❤❤❤

  • @CommerceSpecialist

    @CommerceSpecialist

    8 ай бұрын

    Thanks Shah Sahab👍🙏

  • @somajaiswaljaiswal3446
    @somajaiswaljaiswal34462 жыл бұрын

    Sir us cma ki fees aapki kitni hai

  • @samkab677
    @samkab6772 жыл бұрын

    How to deal with purchase return if any?

  • @CommerceSpecialist

    @CommerceSpecialist

    2 жыл бұрын

    Subtract at cost

  • @cyrusongaga650
    @cyrusongaga650 Жыл бұрын

    Sir, why don't we use selling price of &50

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Stock taking is always done on cost, selling orice is used to calculate sales

  • @ankitacharya5307
    @ankitacharya53073 жыл бұрын

    Make more video sir targeting ca acca cma student

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Sure

  • @IsmailKarim-ph2kt
    @IsmailKarim-ph2kt3 ай бұрын

    ✌️✌️✌️🙏🙏🙏

  • @samaralbalushi7775
    @samaralbalushi77753 жыл бұрын

    Thank you sir But I didn’t understand the periodic calculations they were confusing

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Let me know which part, will explain u again.

  • @samaralbalushi7775

    @samaralbalushi7775

    3 жыл бұрын

    @@CommerceSpecialist the FIFO and the LIFO

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Which method, lifo, fifo or avco??

  • @samaralbalushi7775

    @samaralbalushi7775

    3 жыл бұрын

    @@CommerceSpecialist periodic and both method fifo and lifo

  • @guledgujaco2349
    @guledgujaco2349Ай бұрын

    This amazing explaining your good teacher ❤

  • @runsandrallies
    @runsandralliesАй бұрын

    sold 6000 @$50. Sold 1000 @$50.. why we are not considering these @$50

  • @CommerceSpecialist

    @CommerceSpecialist

    Ай бұрын

    Selling price is considered to calculate sales, this entire statement is on cost basis

  • @farinfahim167
    @farinfahim167 Жыл бұрын

    Thank you sir

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