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Résumé

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    Kelvin O.
    KE
    Kelvin O.

    wonderful course on handling and accounting for inventory,since inventory i s the most vital assest in a business especially a FMCG controlling it may determine whether you record profit or losses.the costs that make up inventory ensure a correct valuation of inventory is taken

    Penelope M.
    US
    Penelope M.

    it's amazing how this comes into play with everyday living, but the way a cpa have it setup is seems really difficult.

    Penelope M.
    US
    Penelope M.

    Specific identification: attachs actual cost of each unit of product to units in ending inventory and cost of goods sold. creates precise matching in determining net income. Lifo: ending inventory consists of the oldest costs LIFO assumes that the cost of the most recent purchases are the first costs charged to cost of goods sold. net income is usually lower under lifo since the costs charged to cost of good ssold are higher due to inflation. the ending inventory may differ between perpetual and periodic inventory procedures.

    Penelope M.
    US
    Penelope M.

    an error in the net income of one year caused by mistated ending inventorya utomatically causers an error in net income in the opposite direction in the next period because of the misstated beginning inventory.

    Eunice M.
    BW
    Eunice M.

    Good Day, please someone help me on how to complete the course.do I answer the questions on each topic of every module or I only read through the topics?

    Anwar A A S S.
    BH
    Anwar A A S S.

    where can i find my lessones?

    Ebrima J.
    MR
    Ebrima J.

    this is a good course.

    David H.
    US
    David H.

    excellent course, very clear on the basic understanding of inventory controll. need to be more interactive with study.

    Ogunbowale A.
    MY
    Ogunbowale A.

    Using Journal entries of inventory of a given company contained in a ledger,and accurately following the rules of accounting the debit side must be equal to the credit side of a T journal entry thereby there will be no noticeable in the balancing of the equation in a journal entry in order to avoid discrepancies like overstatement of account, and not giving rooms to error of data recording. so therefore at the end of every financial year in a company Auditing would be done in order to check the financial status of the company and also eradicate any from anomalies in the journal entries of the ledger. this will surely boost the measurement and reporting of inventory in a given organization

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