Accounting for Purchase and Sale of Inventory
Accounting for Purchase and Sale of Inventory, available at $44.99, has an average rating of 4.45, with 10 lectures, 2 quizzes, based on 12 reviews, and has 84 subscribers.
You will learn about Discover core concepts related to inventory for a merchandising business. Recognize how to perform transactions for the sales of inventory cycle. Recognize how to perform transactions for the purchase of inventory cycle. Recognize how to perform other transactions associated with inventory such as sales tax and physical inventory counts. This course is ideal for individuals who are Anyone interested in finance, accounting or related fields. It is particularly useful for Anyone interested in finance, accounting or related fields.
Enroll now: Accounting for Purchase and Sale of Inventory
Summary
Title: Accounting for Purchase and Sale of Inventory
Price: $44.99
Average Rating: 4.45
Number of Lectures: 10
Number of Quizzes: 2
Number of Published Lectures: 9
Number of Published Quizzes: 2
Number of Curriculum Items: 12
Number of Published Curriculum Objects: 11
Original Price: $27.99
Quality Status: approved
Status: Live
What You Will Learn
- Discover core concepts related to inventory for a merchandising business.
- Recognize how to perform transactions for the sales of inventory cycle.
- Recognize how to perform transactions for the purchase of inventory cycle.
- Recognize how to perform other transactions associated with inventory such as sales tax and physical inventory counts.
Who Should Attend
- Anyone interested in finance, accounting or related fields.
Target Audiences
- Anyone interested in finance, accounting or related fields.
In this course, the accounting for inventory in merchandising companies is presented. Both the purchase and sales sides of the transactions will be analyzed, along with sales tax and physical inventory practices. Differences in accounting for both Free On Board (FOB) points will be explained along with dealing with payment discounts.
The Income Statement is expanded to a Multi-Step Income Statement to accommodate the additional information needed to be presented by a merchandising company. Additionally, contra-accounts are added to the list of accounting tools.
Course Curriculum
Chapter 1: Introduction
Lecture 1: Introduction to Purchase and Sale of Inventory
Lecture 2: Multi Step Income Statement
Lecture 3: FOB and Payment Terms
Lecture 4: Journal Entries and Buyers Point of View
Lecture 5: Sellers Point of View
Lecture 6: Example: Purchase and Sale of Inventory
Lecture 7: Sales Tax and Inventory Shrinkage
Chapter 2: Supporting Materials
Lecture 1: Notes Template: Purchase and Sale of Inventory
Lecture 2: Workbook: Purchase and Sale of Inventory
Chapter 3: Review and Test
Instructors
-
Illumeo Learning
Condensed and Efficient Courses for Busy Professionals -
Erik Slayter (Illumeo)
Rating Distribution
- 1 stars: 0 votes
- 2 stars: 0 votes
- 3 stars: 2 votes
- 4 stars: 2 votes
- 5 stars: 8 votes
Frequently Asked Questions
How long do I have access to the course materials?
You can view and review the lecture materials indefinitely, like an on-demand channel.
Can I take my courses with me wherever I go?
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