Financial Accounting – Inventory Costs
Mastering Inventory Costs & Flows: An In-Depth Guide to Accounting for Inventory in Business Operations
4.48 (336 reviews)
47 252
students
12.5 hours
content
Jun 2019
last update
$13.99
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What you will learn
Understand and accurately track different types of inventory costs including freight, insurance, and purchase discounts.
Implement and distinguish between different inventory flow methods: Specific Identification, First-In-First-Out (FIFO), Last-In-First-Out (LIFO), and Weighted A
Recognize the differences, advantages, and disadvantages between periodic and perpetual inventory systems.
Apply FIFO, LIFO, and weighted average methods in both periodic and perpetual systems.
Develop a solid understanding of key definitions and terms related to inventory accounting.
Demonstrate the application of these concepts through a comprehensive problem involving all the topics covered.
Engage in meaningful discussions about inventory management, cost flows, and their impacts on financial statements.
Improve problem-solving skills with short calculation practice questions and multiple-choice questions.
Utilize Excel for managing and calculating inventory-related tasks efficiently.
Interpret and create financial reports pertaining to inventory in a real-world context.
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Related Topics
1592366
udemy ID
12/03/2018
course created date
24/07/2019
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