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FA 33 Inventory LIFO Method

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Lessons List | 52 Lesson
FA1 Introduction to Financial Accounting
00:18:33

FA1 Introduction to Financial Accounting
FA2 The Accounting Equation EXAMPLE
00:04:40

FA2 The Accounting Equation EXAMPLE
FA3 Understanding Assets Liabilities and Equity
00:08:41

FA3 Understanding Assets Liabilities and Equity
FA4 Preparing the Financial Statements
00:07:31

FA4 Preparing the Financial Statements
FA5 Preparing the Income Statement
00:12:33

FA5 Preparing the Income Statement
FA6 Preparing the Statement of Changes in Equity
00:06:19

FA6 Preparing the Statement of Changes in Equity
FA7 Preparing The Balance Sheet
00:13:09

FA7 Preparing The Balance Sheet
FA8 Financial Ratios
00:12:45

FA8 Financial Ratios
FA9 Journal Entries Explained
00:18:26

FA9 Journal Entries Explained
FA10 Journal Entries Example
00:23:11

FA10 Journal Entries Example
FA11 T Accounts Explained
00:10:58

FA11 T Accounts Explained
FA12 The Trial Balance Example
00:06:42

FA12 The Trial Balance Example
FA13 Adjusting Journal Entries Explained
00:04:34

FA13 Adjusting Journal Entries Explained
FA14 Adjusting Journal Entries EXAMPLES
00:32:43

FA14 Adjusting Journal Entries EXAMPLES
FA15 Adjusting Journal Entries MORE EXAMPLES
00:17:22

FA15 Adjusting Journal Entries MORE EXAMPLES
FA16 Adjusted Trial Balance
00:09:24

FA16 Adjusted Trial Balance
FA17 Preparing Detailed Financial Statements
00:17:54

FA17 Preparing Detailed Financial Statements
FA18 Closing Journal Entries EXPLAINED
00:09:34

FA18 Closing Journal Entries EXPLAINED
FA19 Accounting for Cash
00:08:01

FA19 Accounting for Cash
FA20 Bank Reconciliation Example
00:18:46

FA20 Bank Reconciliation Example
FA21 Completing Bank Reconciliations The Journal Entries
00:10:12

FA21 Completing Bank Reconciliations The Journal Entries
FA22 Accounts Receivable Explained
00:10:42

FA22 Accounts Receivable Explained
FA23 Accounts Receivable Percentage of Sales Method Example
00:14:27

FA23 Accounts Receivable Percentage of Sales Method Example
FA24 Accounts Receivable Aging of Receivables Method
00:08:37

FA24 Accounts Receivable Aging of Receivables Method
FA25 How do you Write Off an Receivable
00:04:02

FA25 How do you Write Off an Receivable
FA26 Introduction to Inventory
00:03:25

FA26 Introduction to Inventory
FA27 Inventory Discounts 2 10 Net 30 EXPLAINED
00:13:25

FA27 Inventory Discounts 2 10 Net 30 EXPLAINED
FA28 Income Statement Example NOW WITH COGS
00:12:47

FA28 Income Statement Example NOW WITH COGS
FA29 Merchandiser s Financial Statements Stmt of Changes in Equity
00:04:28

FA29 Merchandiser s Financial Statements Stmt of Changes in Equity
FA30 Merchandiser s Financial Statements Balance Sheet
00:08:35

FA30 Merchandiser s Financial Statements Balance Sheet
FA31 Inventory FIFO LIFO Weighted Average Explained
00:11:59

FA31 Inventory FIFO LIFO Weighted Average Explained
FA 32 Inventory FIFO Method FIXED
00:14:07

FA 32 Inventory FIFO Method FIXED
FA 33 Inventory LIFO Method
00:06:46

FA 33 Inventory LIFO Method
FA 34 Inventory Weighted Average Average Cost Method
00:07:50

FA 34 Inventory Weighted Average Average Cost Method
FA 35 Capital Asset Depreciation
00:04:45

FA 35 Capital Asset Depreciation
FA 36 Straight Line Depreciation Example
00:07:37

FA 36 Straight Line Depreciation Example
FA 37 Units of Production Depreciation Example
00:04:30

FA 37 Units of Production Depreciation Example
FA 38 Double Declining Balance Depreciation Example
00:16:24

FA 38 Double Declining Balance Depreciation Example
FA 39 Selling an Asset at a Gain or Loss Example
00:08:57

FA 39 Selling an Asset at a Gain or Loss Example
FA 40 Liabilities Warranties and Bonds
00:02:23

FA 40 Liabilities Warranties and Bonds
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The course was well explained. Enjoyed it. 2024-11-26

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This course is a clear and all material are relevant to the core. It was fun to do the course as well as it explanations refer to real life situations in the financial world. Thank you a lot. 2024-11-16

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Course Description

There are two types of financial accounting: cash and accrual accounting. Both methods use double-entry accounting to accurately record financial transactions. While very small businesses frequently use cash accounting, all larger businesses as well as publicly traded businesses are required to use accrual accounting.What is the main function of financial accounting? The main purpose of financial accounting is to prepare financial reports that provide information about a firm's performance to external parties such as investors, creditors, and tax authorities.What is Financial Accounting example? Financial accounting is a specialized branch of accounting that keeps track of a company's financial transactions. Using standardized guidelines, the transactions are recorded, summarized, and presented in a financial report or financial statement such as an income statement or a balance sheet.What are the 5 accounting concepts? : Business Entity, Money Measurement, Going Concern, Accounting Period, Cost Concept, Duality Aspect concept, Realisation Concept, Accrual Concept and Matching Concept.What are the 4 types of accounting? These four branches include corporate, public, government, and forensic accounting.What are the 2 types of accounting? The two main accounting methods are cash accounting and accrual accounting. Cash accounting records revenues and expenses when they are received and paid.What are the advantages of financial accounting? Advantages of Accounting Maintenance of business records. Preparation of financial statements. Comparison of results. Decision making. Evidence in legal matters. Provides information to related parties. Helps in taxation matters. Valuation of business.What are the three main functions of accounting? There are three main functional areas of accounting which need to be considered in modern day accountancy for any business. The three areas are, cost, finance and management accounting.
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