This video by Arif Irfanullah discusses the key aspects of inventory management, as a part of the CFA Level 1 syllabus.
This video discusses:
- Capitalize vs. Expense
- Capitalized inventory cost and Period cost
- Inventory Accounting Methods
- Specific Identification
- FIFO Method
- LIFO Method
- Weighted Average Cost Method
- Comparison of Methods
- Rising Prices and Stable Inventory
- Inventory Accounting Under IFRS and U.S. GAAP
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