Inventory | External Financial Reporting Decision | Section A CMA USA Part 1 | Episode 13

In this video, we discuss what is Inventory and how the inventory is valued and measured through LIFO, FIFO, Weighted Average and Specified Count Methods" etc

"Everything I said about companies in this video is for educational purposes only. Not intended to promote, disparage or insult any particular company."

Link for Notes
https://drive.google.com/file/d/1P9NY...

Link for MCQ Questions
https://drive.google.com/drive/folder...

00:00 Inventory
03:42 Valuing Inventory
06:37 In Transit Goods
10:02 Consigned Goods
13:37 Goods out on Approval
16:12 Obsolete Inventory
18:56 Cashflow Assumptions
27:10 Frequency of determining inventory balance
28:12 Question
47:27 Physical Inventory Count
51:15 Errors in Inventory
53:18 Permanent Declines of Inventory Values


RABEEH OVUNGAL
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