Inventory Systems and Inventory Costing Methods | Principles of Accounting

3
Inventory Systems and Inventory Costing Methods | Principles of Accounting
Search
Generic filters
  Advanced Search Options
Video Search:
 

Powered by YouTube and Infosearched LLC

Published – 08/02/2019 6:44 pm

Learn all about inventory systems and inventory costing methods in just a few minutes!

Fabio Ambrosio, CPA, instructor of accounting at the Central Washington University, explains perpetual inventory systems, periodic inventory systems, and the first in, first out (FIFO), last in, first out (LIFO) and weight average methods of valuing inventory.This video is part of a complete, condensed Principles of Accounting series presented in short, dige

Course Hero’s Principles of Accounting video series covers the essentials of introductory accounting. Our short digest covers everything you need to know about the accounting cycle, accounting systems and controls, accounting for receivables and long-term assets, accounting for liabilities and equities, entity organizations and business analysis.

The video series begins with an introduction to Generally Accepted Accounting Principles (GAAP) and an exploration of accounting systems. It continues with an exploration of journalizing, trial balances, and the adjusting process that leads to the creation of the four major financial statements companies produce: income statement, statement of owner’s equity, balance sheet and statement of cash flows.

Along the way, you’ll learn about:
• GAAP and other legal requirements for accounting and reporting
• The Accounting Equation
• Single-Step and Multiple-Step Financial Statements
• Double-Entry and Manual Accounting Systems
• The General Ledger and Chart of Accountings
• Trial balances and the adjusting process
• Ethical standards in accounting

The series continues by providing a deeper understanding of how entities employ accounting principles, including:
• Accounting for merchandising businesses, including inventory costing methods and systems
• Internal and cash controls
• Accounting for receivables and long-term assets
• Accounting for current liabilities and payroll, long-term liabilities and investments
• Categories of businesses and the four types of business entities
• Corporate annual reports

Finally, the Principles of Accounting crash course includes a primer on business analysis tools, including preparation of a statement of cash flows and the uses ratio analysis.

6 Total Score

User Rating: 3 (1 vote)
Read More
Filter by
Post Page
Business Insghts Hybrid Business Model Twitter Blockchain Instagram Markets
Sort by

Meet The Real Estate Investor With 102 Tenants

Published – 08/02/2019 6:44 pm Real Estate

1

Top 5 Freelance Sites

Published – 08/02/2019 6:44 pm Freelancing is a great way to work from home.

1

This is Why All Billionaires Wake Up EXACTLY at 4:00 AM…

Published – 08/02/2019 6:44 pm All Billionaires Wake Up at 4:00 AM. And this is why. 9

1

3 Steps To Starting A Home Business…

Published – 08/02/2019 6:44 pm

1

How the blockchain is changing money and business | Don Tapscott

Published – 08/02/2019 6:44 pm What is the blockchain? If you don’t know, you should; if you do,

1

Multi-Billionaire Explains his Simple Steps to Success

Published – 08/02/2019 6:44 pm This is Multi-Billionaire Tillman Fertitta’s Ultimate Advice for

1

How to Get Insider Trading Info for Free

Published – 08/02/2019 6:44 pm Insider Trading

1

Tips and hints for finding deals and saving money on Amazon

Published – 08/02/2019 6:44 pm Need a book? The old way to buy it would be to go to a brick-and-mortar

1

Scentbird CEO’s journey to building a multimillion dollar company

Published – 08/02/2019 6:44 pm Building a

1

Internet Business Ideas

Published – 08/02/2019 6:44 pm These are a few new internet business ideas that I won’t be

1

Attracting Web Business

Published – 08/02/2019 6:44 pm So you’ve finished building a great website, and you’re

1

SHE FAKED AN ART GALLERY IN LONDON AND SOLD MY PAINTINGS *it worked!!*

Published – 08/02/2019 6:44 pm FAKED AN ART GALLERY

1

10 Mastermind Hackers That Outplayed Everyone (even NASA)

Published – 05/24/2022 3:11 pm From NASA to your Facebook and Gmail Account, hackers can hack into

1

5 NEW Inventions 2019 | That Will Blow Your Mind

Published – 05/24/2022 3:11 pm  NEW

1

What we learned from building a medical technology startup | Fouad Al-Noor | TEDxTUBerlin

Published – 05/24/2022 3:11 pm Digitalization leads our world in a new are of technology.

1

Electric Plane Of The Future | Archer

Electric Plane Of The Future | Archer

Published – 05/24/2022 3:11 pm Electric

1

The FUTURE of Energy Efficient Technology!

Published – 05/24/2022 3:11 pm Energy Efficient

1

How Israel Rules The World Of Cyber Security | VICE on HBO

Published – 05/24/2022 3:11 pm Cyber

1

New technology makes troops invisible

Published – 05/24/2022 3:11 pm Invisible

1

Finland Might Have Solved Nuclear Power’s Biggest Problem

Finland Might Have Solved Nuclear Power’s Biggest Problem

Published – 05/24/2022 3:11 pm Nuclear Power’s B

1

Renewable Energy 101 | National Geographic

Published – 05/24/2022 3:11 pm There are many benefits to using renewable energy resources, but what

1

How Tech Designed for Space Is Saving Lives on Earth

Published – 05/24/2022 3:11 pm Tech Designed for

1

My Regrets as a Computer Science Student

Published – 05/24/2022 3:11 pm Computer Science

1

The Infinadeck Omnidirectional Treadmill

Published – 05/24/2022 3:11 pm Omnidirectional

1

InfoSearched | Business Research & Information
Logo