Accounting Fundamentals: Inventories and Retail Operations (Sample)

Accounting Fundamentals: Inventories and Retail Operations (Sample)

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444 words (≈ 2 minutes)

Retail operations and the accounting tools used to deal with them are the focus of this essay-length study guide. Arranged in three sections - inventory control methods, accounting for retail operations, and cost flow methods - it explains and demonstrates a range of concepts including perpetual and periodic inventory systems, FIFO and LIFO inventory costing methods, and gross profit.

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Book Details  


Language: English

Written in: 2012

Published: 2012-03-18

Word count: 444 words (≈ 2 minutes)

License: Attribution Non-Commercial No Derivatives (cc by-nc-nd)

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Biography 


Dr Hercules Bantas has been teaching and reading political science for the better part of a decade. It is his opinion that he is too often immersed in some weighty tome or other, the authors of which always use one thousand words where one hundred words would suffice. It was while juggling no less than three weighty tomes by the same author and trying to understand what the fellow was trying to say that the idea of The Reluctant Geek Guides was born. He is well aware that publishing clearly written and unambiguous guides to important ideas in the human sciences is frowned upon in some circles, but he's going to do it anyway. Despite his well documented grumpiness, Hercules claims to like people and can be contacted by email at reluctantgeek[at]iinet.net.au.

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