Inventory Explained

In the lesson, we look at Inventory. We explain what inventory is, how to identify if an asset is an inventory, methods of determining the cost of inventory, inventory systems, and the disclosure of inventories in the financial statements.

Timestamps:
The definition of inventory (What is inventory): 00:00
Classification of inventory: 01:28
Cost of inventories: 03:44
Methods of determining the cost of inventory: 05:03

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[atolomartha]

i love the simplicity and clarity you input in this standard👌it makes it easier for an average student, thanks so big sir🙏

[wengezumusa]

This explained the concept of inventory so well in an understandable way honestly. Thank you.👏👏

[fonapycake]

Wow! This is amazing! People should come and learn inventory for less than 20min here! Thank you sir

[Jadss]

Thank you very much. I love how you explain everything so easily that one can understand it immediately.

[zuziwemasimula]

Thank you so much. This video cleared a lot up that my lecturers didn't really explain.

[bero]

I just love these lessons they make the journey understandable

[chinelleolivier]

Hi! Thank you for uploading these tutorial videos. It helps a lot. Could you perhaps consider linking notes of the tutorial videos in the description, (Like a Google Slides link), so that we can print out the examples to keep for when we are studying? Thank you

[nonhlengcamu]

Well explained, l now have a better understanding about inventory ☺️

[kipkoechlewis]

This is wonderful explanation, Good work Sir

[ousmandarboe]

thank you so much we appreciate you. I want Labour turnover lectures I searched it but couldn't found it

[maryammutalib]

Thank you so much. You are a lifesaver

[PemaChoden-pd]

Should the car bought for rental purposes be treated as Investment Property rather than PPE?