Stock Valuation Systems & Methods | Periodic v/s Perpetual | FIFO LIFO AVCO | Commerce Specialist |
11.6 هزار بار بازدید -
4 سال پیش
-
This video from 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 & Calculations...
IAS 16 Property Plant & Equipment: IAS 16 PPE | Property, Plant & Equipm...
Viewers and students can contact me on [email protected] or email me at [email protected] or whatsapp me on +923219213800.
#inventoryvaluation #FIFO #AVCO
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 & Calculations...
IAS 16 Property Plant & Equipment: IAS 16 PPE | Property, Plant & Equipm...
Viewers and students can contact me on [email protected] or email me at [email protected] or whatsapp me on +923219213800.
#inventoryvaluation #FIFO #AVCO
4 سال پیش
در تاریخ 1399/05/18 منتشر شده
است.
11,695
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