About Course

LEARNING OBJECTIVES:

After studying this chapter, you should be able to:

Identify major classifications of inventory.

  • Distinguish between perpetual and periodic inventory systems.

  • Determine the goods included in inventory and the effects of inventory errors on the financial statements.

  • Understand the items to include as inventory cost.

  • Describe and compare the cost flow assumptions used to account for inventories.

  • Explain the significance and use of a LIFO reserve.

  • Understand the effect of LIFO liquidations.

  • Explain the dollar-value LIFO method.

  • Identify the major advantages and disadvantages of LIFO.

  • Understand why companies select given inventory methods.

Course Content

CHAPTER ONE : INVENTORY COST AND COST FLOW ASSUMPTION

  • CH 1 : LEARNING OBJECTIVES
  • CH 1 Lesson : INVENTORIES COST AND COST FLOW ASSUMPTIONS
  • CH 1 : Assignment
  • CH 1 : Test or Quiz

CHAPTER TWO : INVENTORY SPECIAL VALUATION METHOD

ASSIGNMENT

CHAPTER THREE : CURRENT LIAB. & CONTINGENCIES

CHAPTER FOUR : PLANT ASSETS ACQUISITION AND DISPOSAL

CHAPTER FIVE : PLANT ASSET DEPRECIATION

CHAPTER SIX : LONG TERM DEBT/BOND

Free
Free access this course

Material Includes

  • Downloadable resource on request
  • Access on mobile and PC
  • Organized Lessons
  • Integrated Q & A Student-Teacher Forum

Requirements

  • Familiarity with the fundamentals of computers
  • You must enroll to access lessons
  • Personal Laptop or Desktop
  • Internet access
  • Dedicate extra study hours a week
  • Turn in assignments on or before due dates

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