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1549 free courses & lectures available for Tax Accounting

Inventory Errors | Inventory Valuation | Intermediate Accounting | CPA Exam FAR | Chp 8...

by Farhat's Accounting Lectures on Youtube Youtube
Duration: 0.52 hours
inventory errors, inventory turnover, LCM, lower of cost or market, FIFO, LIFO, Weighted average, specific identification, First in first out, Last in first out, ...
  
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Cost Flow Assumptions: FIFO, LIFO, Weighted Average | Intermediate Accounting| CPA Exam...

by Farhat's Accounting Lectures on Youtube Youtube
Duration: 0.64 hours
FIFO, LIFO, Weighted average, specific identification, First in first out, Last in first out, Merchandising operation, purchase of inventory, FOB shipping, FOB ...
  
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Relative Sales Value Method/Lump Sum Purchase | Intermediate Accounting | CPA Exam FAR ...

by Farhat's Accounting Lectures on Youtube Youtube
Duration: 0.08 hours
When a group of varying inventory items is purchased for a lump sum price, a problem exists relative to the cost per item. The relative sales value method...
  
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Purchase Commitments | Intermediate Accounting | CPA Exam FAR | Chp 9 p 3

by Farhat's Accounting Lectures on Youtube Youtube
Duration: 0.08 hours
Purchase commitments represent contracts for the purchase of inventory at a specified price in a future period. If material, the details of the contract should be...
  
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Lower of Cost or Market (LCM) | Intermediate Accounting | CPA Exam FAR | Chp 9 p 1

by Farhat's Accounting Lectures on Youtube Youtube
Duration: 0.81 hours
Inventories are recorded at their cost. However, if inventory declines in value below its original cost, a major departure from the historical cost principle...
  
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Estimating Ending Inventory: Gross Profit Method | Intermediate Accounting | CPA Exam F...

by Farhat's Accounting Lectures on Youtube Youtube
Duration: 0.47 hours
The gross profit method is used to estimate the amount of ending inventory. Its use is not appropriate for financial reporting purposes; however, it can serve...
  
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LIFO Liquidation | Intermediate Accounting | CPA Exam FAR | Chp 8 p 7

by Farhat's Accounting Lectures on Youtube Youtube
Duration: 0.18 hours
FIFO, LIFO, Inflation, LIFO reserve, CPA exam, inventory method, LCM LIFO liquidation, LIFO reserve, dollar value LIFO, LIFO conformity rule, inventory holding ...
  
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LIFO Reserve | Intermediate Accounting | CPA Exam FAR | Chp 8 p 5

by Farhat's Accounting Lectures on Youtube Youtube
Duration: 0.23 hours
FIFO, LIFO, Inflation, LIFO reserve, CPA exam, inventory method, LCM LIFO liquidation, LIFO reserve, dollar value LIFO, LIFO conformity rule, inventory holding ...
  
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Dollar Value LIFO | Intermediate Accounting | CPA Exam FAR | Chp 8 p 8

by Farhat's Accounting Lectures on Youtube Youtube
Duration: 0.52 hours
FIFO, LIFO, Inflation, LIFO reserve, CPA exam, inventory method, LCM LIFO liquidation, LIFO reserve, dollar value LIFO, LIFO conformity rule, inventory holding ...
  
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Basic & Adjusting Journal Entries BE 3-1 to BE 3-6 | Intermediate Accounting | CPA Exa...

by Farhat's Accounting Lectures on Youtube Youtube
Duration: 0.32 hours
Preparation of adjusting journal entries is the next step in the accounting cycle. Adjusting entries are entries made at the end of accounting period to bring all ...
  
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