Inventories
Über den Vortrag
Der Vortrag „Inventories“ von Edu Pristine ist Bestandteil des Kurses „Archiv - Financial Reporting and Analysis“. Der Vortrag ist dabei in folgende Kapitel unterteilt:
- Costs included in inventories vs. costs recognized as expenses
- Different inventory valuation methods
- COGS and Inventory valuation: Inventory
- Perpetual and Periodic Inventory Systems
- Reporting of Inventories in Financial Statements
- Financial Statement Presentation and Disclosures
- Inventory Ratios
Dozent des Vortrages Inventories
Edu Pristine
Trusted by Fortune 500 Companies and 10,000 Students from 40+ countries across the globe, EduPristine is one of the leading International Training providers for Finance Certifications like FRM®, CFA®, PRM®, Business Analytics, HR Analytics, Financial Modeling, Operational Risk Modeling etc. It was founded by industry professionals who have worked in the area of investment banking and private equity in organizations such as Goldman Sachs, Crisil - A Standard & Poors Company, Standard Chartered and Accenture.EduPristine has conducted corporate training for various leading corporations and colleges like JP Morgan, Bank of America, Ernst & Young, Accenture, HSBC, IIM C, NUS Singapore etc. EduPristine has conducted more than 500,000 man-hours of quality training in finance.
http://www.edupristine.com
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Auszüge aus dem Begleitmaterial
... Inventory costs include: all costs of purchase, costs of conversion. Other costs incurred in bringing the inventories to their present location and condition. These costs will be a part of inventory and not recognized as an expense ...
... Affects cash flow because of the taxes paid by the firm. Relation between Inventory/COGS and Purchases: ...
... Which of the following statement is least likely to be incorrect regarding the value of inventory reported on balance sheet?: a.) Inventory is reported on the balance sheet at historical cost value ...
... LIFO (allowed only under US GAAP), Inventory Accounting Methods IFRS/US GAAP: Specific identification method (allowed both under IF RS and US GAAP) ...
... FIFO provides best measure in case of up or down prices as it accounts for most recent purchases as inventory. Inventories represent replacement cost. Hence An analyst should convert the LIFO inventory to FIFO inventory LIFO will provide the most useful estimate of the cost of goods sold. ...
... a.) Ending inventory will not contain most recent purchases, b.) Material purchased in the end is first to be sold ...
... a.) LIFO valuation method, b.) FIFO valuation method ...
... 4. Which of the following statements is true?: a.) For perishable goods LIFO inventory method is used, b.) If the prices are rising the value of inventory as per LIFO method is greater than FIFO method ...
... For perishable goods the goods purchased first should be sold first hence FIFO method is used. When the prices are rising Inventory (FIFO) > Inventory (Weighted average) > Inventory (LIFO) ...
... COGS will be highest under FIFO and lowest under Weighted average costing method. 6. In falling price environment, which of the following statement is most accurate with respect to cost of goods sold among different inventory method of costing? ...
... FIFO will tend to have highest COGS ...
... $800,000 Tax Rate, 30% Sales, $2,500,000 Deferred Taxes, $100,000 ...
... The correct answer is $560,000. Extra cash paid = more tax paid = $800,000*30% = $240,000. Now inventory will increase because of conversion from LIFO to FIFO ...
... A firm shifts its accounting policy from LIFO to FIFO, which of the following is correct, when prices are rising?: a.) As firm shifts accounting policy from LIFO to FIFO, cash flow from operations will become higher ...
... During LIFO liquidation, firm sells more inventory than it purchases ...
... 15. A company follows LIFO as the inventory accounting method. Which of the following is most likely the rational for the company to follow LIFO?: a.) There is a 10% increase in prices of essential commodities in the economy. ...
... A company is faced with a threat of arrival of a new and improved version of the product that it manufactures in the market. ...
... 17. A company has been badly hit by recession in the economy. ...
... 18. In the environment of rising inventory unit costs andconstant or increasing inventory units, FIFO (in comparison with weighted average cost),the book values of inventories closely reflect ...
... January 1 (opening inventory), 1500 units @ $5 per unit =$7,500; January 5, purchase: 2000 units @ $6 per unit =$12,000; January 15, purchase: 3500 units ...
... LIFO will yield highest closing inventory value while FIFO will yield highest COGS value. b.) : FIFO will yield highest closing inventory value ...
... FIFO will yield highest inventory value & lowest COGS value while LIFO will yield lowest inventory value & highest COGS value. ...
