Chapter 5.1 Peachtree - Vendors and Inventory (Accounting for Inventory)
Автор: Seo Promoter
Загружено: 2013-03-26
Просмотров: 4424
Описание:
In this section of Chapter 5, we will discuss following key items.
1. What are the Inventory processes.
2. Accounting for Inventory as asset.
3. Accounting for Inventory as expense.
4. How does Inventory impact Revenue/income.
5. Costing the Inventory / COGS (Cost of Goods Sold)
6. What is FIFO and LIFO and their impacts.
7. Inventory Closing balances
0:00 Introduction
1:07 The Inventory Process
3:16 Inventory Asset Accounts
4:54 Inventory Costing
6:15 Inventory Calculations
7:22 Inventory Expense Account
8:41 Inventory Income Accounts
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