[Udemy] Financial Accounting – Inventory Costs
What you’ll learn
First In First Out (FIFO) value circulate methodology
Final In First Out (LIFO) value circulate methodology
Weighted common value circulate methodology
Periodic stock methodology
Perpetual stock methodology
We must always have a primary understanding of monetary accounting and debits and credit.
We cowl stock prices and value flows, together with what’s included in the price of stock and account for stock freight prices, stock insurance coverage prices, and low cost. We additionally talk about stock circulate assumptions together with particular identification, first in first out (FIFO), final in first out (LIFO), and weighted common strategies. FIFO, LIFO and weighted common strategies might be mentioned utilizing each a periodic stock system and a perpetual stock system.
Along with tutorial video, this course will embrace downloadable
• Downloadable PDF Information
• Excel Observe Information
• A number of Selection Observe Questions
• Quick Calculation Observe Questions
• Dialogue Questions
The PDF recordsdata enable us to obtain reference data we will use offline and as a information to assist us work by means of the fabric.
Excel apply recordsdata might be preformatted in order that we will give attention to the adjusting course of and studying among the fundamentals of Excel, like addition, subtraction, and cell relationships.
A number of selection instance query helps us enhance our test-taking expertise by lowering the knowledge into the scale and format of a number of selection questions and discussing method these questions.
Quick calculation questions assist us scale back issues which have some calculation all the way down to a brief format that might be utilized in a number of selection questions.
Dialogue Query will present a chance to debate these subjects with the teacher and different college students, a course of many college students discover very useful as a result of it permits us to see the subject from completely different viewpoints.
Who will we be studying from?
You can be studying from any person who has technical expertise in accounting ideas and in accounting software program like QuickBooks, in addition to expertise instructing and placing collectively curriculum.
You can be studying from any person who’s a:
• CPA – Licensed Public Accountant
• CGMA – Chartered International Administration Accountant
• Grasp of Science in Taxation
• CPS – Certifies Put up-Secondary Teacher
• Curriculum Growth Export
As a training CPA the teacher has labored with many technical accounting points and helped work by means of them and talk about them with shoppers of all ranges.
As a CPS and professor, the teacher has taught many accounting lessons and labored with many college students within the fields of accounting, enterprise, and enterprise functions.
The trainer additionally has plenty of expertise designing programs and studying how college students be taught greatest and assist college students obtain their aims. Expertise designing technical programs has additionally profit in having the ability to design a course in a logical vogue and take care of issues associated to technical subjects and the usage of software program like QuickBooks Professional.
Abstract of what’s going to be coated:
- Stock Monitoring strategies
- Particular identification methodology
- First in first out (FIFO) methodology
- Final in first out (LIFO) methodology
- Weighted common methodology
- Stock prices
- Insurance coverage
- Buy reductions
- Periodic system verses a perpetual system.
- We talk about FIFO, LIFO, and weighted common below every system.
- Key definitions
- Complete drawback
Who this course is for:
- Accounting college students
- Enterprise proprietor
- Anybody who whats to be taught accounting