Our Financial and Managerial Accounting Course is designed to give Owners and Managers a real world understanding of the numbers side of their enterprises. In discussing the accounting concepts that are so important to the continued success of your company and your career, we provide a deeper understanding in non-technical language of the accounting issues that affect today’s management decisions.
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What is Inventory, Inventory Accounting, and Inventory Analysis of Inventory Turns is the key to an accurate Cost of Goods Sold and the proper Cost of Sales. Without the proper Equation for Cost of Goods Sold your Merchandise Inventory and Perpetual Inventory System will never produce a correct Cost of Sales. Inventories are the key to profit and cash flow, and are discussed in this section.
Cost of Goods Sold
Cost of Sales
Equation for Cost of Goods Sold
Costs of Goods Sold
What is Inventory
Perpetual inventory system