[Udemy] Financial Accounting–Inventory & Merchandising Transactions
What you’ll learn
First In First Out (FIFO) value movement methodology
Final In First Out (LIFO) value movement methodology
Weighted common value movement methodology
Periodic stock methodology
Perpetual stock methodology
File buy of merchandise
File the sale of merchandise
Perpetual and periodic stock programs
We should always have a primary understanding of monetary accounting and debits and credit.
We cowl merchandising transactions and value movement assumptions.
Merchandising transaction, these transaction that cope with stock, together with the acquisition of stock and the sale of stock. We’ll talk about associated matters together with gross sales reductions, buy reductions, gross sales return and allowances, shrinkage and the price of items bought calculation. We may even evaluate and distinction a perpetual stock system and periodic stock system, itemizing and describing the professionals and cons of every, explaining when every could also be most acceptable in apply.
Stock prices and value flows, together with what’s included in the price of stock and tips on how to account for stock freight prices, stock insurance coverage prices, and low cost. We additionally talk about stock movement 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 will probably be mentioned utilizing each a periodic stock system and a perpetual stock system.
Along with educational video, this course will embrace downloadable
• Downloadable PDF Recordsdata
• Excel Observe Recordsdata
• A number of Selection Observe Questions
• Quick Calculation Observe Questions
• Dialogue Questions
The PDF recordsdata enable us to obtain reference info we will use offline and as a information to assist us work via the fabric.
Excel apply recordsdata will probably be preformatted in order that we will concentrate on the adjusting course of and studying a number of the fundamentals of Excel, like addition, subtraction, and cell relationships.
Who this course is for:
- Accounting college students
- Enterprise proprietor
- Anybody who whats to study accounting