Financial Accounting–Inventory & Merchandising Transactions

Financial Accounting–Inventory & Merchandising Transactions, available at $54.99, has an average rating of 4.64, with 186 lectures, based on 348 reviews, and has 50409 subscribers.

You will learn about Understand and process various types of merchandising transactions, including the purchase and sale of inventory. Comprehend and apply knowledge of sales discounts, purchase discounts, sales returns, allowances, and inventory shrinkage. Calculate and interpret the cost of goods sold in different types of businesses. Differentiate between perpetual and periodic inventory systems and identify the pros and cons of each. Understand what is included in the cost of inventory, including freight costs, insurance costs, and discounts. Grasp inventory flow assumptions such as specific identification, first in first out (FIFO), last in first out (LIFO), and weighted average methods. Apply FIFO, LIFO, and weighted average methods under both periodic and perpetual inventory systems. Recognize the intricacies and challenges of inventory tracking. Prepare and interpret financial statements of a merchandising company. Solve comprehensive problems covering the full accounting cycle for a merchandising company, including recording financial transactions, adjusting entries, and Improve their test-taking skills and tackle multiple choice questions and short calculation questions related to inventory accounting. This course is ideal for individuals who are Business and accounting students seeking to deepen their understanding of inventory management and merchandising transactions, whether they are beginners or in advanced stages of their studies. or Professionals in the fields of accounting, finance, or business management who deal with inventory and merchandising transactions as part of their work. or Entrepreneurs and small business owners who handle their own accounting and inventory management, and want to ensure they are doing it correctly and efficiently. or Anyone preparing for a job that involves managing inventory or dealing with merchandising transactions, and wants to bring a solid foundation of knowledge to their role. or Individuals interested in understanding more about the financial operations of a business, particularly those related to the buying and selling of inventory. It is particularly useful for Business and accounting students seeking to deepen their understanding of inventory management and merchandising transactions, whether they are beginners or in advanced stages of their studies. or Professionals in the fields of accounting, finance, or business management who deal with inventory and merchandising transactions as part of their work. or Entrepreneurs and small business owners who handle their own accounting and inventory management, and want to ensure they are doing it correctly and efficiently. or Anyone preparing for a job that involves managing inventory or dealing with merchandising transactions, and wants to bring a solid foundation of knowledge to their role. or Individuals interested in understanding more about the financial operations of a business, particularly those related to the buying and selling of inventory.

Enroll now: Financial Accounting–Inventory & Merchandising Transactions

Summary

Title: Financial Accounting–Inventory & Merchandising Transactions

Price: $54.99

Average Rating: 4.64

Number of Lectures: 186

Number of Published Lectures: 186

Number of Curriculum Items: 201

Number of Published Curriculum Objects: 201

Original Price: $199.99

Quality Status: approved

Status: Live

What You Will Learn

• Understand and process various types of merchandising transactions, including the purchase and sale of inventory.
• Comprehend and apply knowledge of sales discounts, purchase discounts, sales returns, allowances, and inventory shrinkage.
• Calculate and interpret the cost of goods sold in different types of businesses.
• Differentiate between perpetual and periodic inventory systems and identify the pros and cons of each.
• Understand what is included in the cost of inventory, including freight costs, insurance costs, and discounts.
• Grasp inventory flow assumptions such as specific identification, first in first out (FIFO), last in first out (LIFO), and weighted average methods.
• Apply FIFO, LIFO, and weighted average methods under both periodic and perpetual inventory systems.
• Recognize the intricacies and challenges of inventory tracking.
• Prepare and interpret financial statements of a merchandising company.
• Solve comprehensive problems covering the full accounting cycle for a merchandising company, including recording financial transactions, adjusting entries, and
• Improve their test-taking skills and tackle multiple choice questions and short calculation questions related to inventory accounting.

Who Should Attend

• Business and accounting students seeking to deepen their understanding of inventory management and merchandising transactions, whether they are beginners or in advanced stages of their studies.
• Professionals in the fields of accounting, finance, or business management who deal with inventory and merchandising transactions as part of their work.
• Entrepreneurs and small business owners who handle their own accounting and inventory management, and want to ensure they are doing it correctly and efficiently.
• Anyone preparing for a job that involves managing inventory or dealing with merchandising transactions, and wants to bring a solid foundation of knowledge to their role.
• Individuals interested in understanding more about the financial operations of a business, particularly those related to the buying and selling of inventory.

Target Audiences

• Business and accounting students seeking to deepen their understanding of inventory management and merchandising transactions, whether they are beginners or in advanced stages of their studies.
• Professionals in the fields of accounting, finance, or business management who deal with inventory and merchandising transactions as part of their work.
• Entrepreneurs and small business owners who handle their own accounting and inventory management, and want to ensure they are doing it correctly and efficiently.
• Anyone preparing for a job that involves managing inventory or dealing with merchandising transactions, and wants to bring a solid foundation of knowledge to their role.
• Individuals interested in understanding more about the financial operations of a business, particularly those related to the buying and selling of inventory.