Inventory Cost Accounting And Its Impact On Revenue

Every Sale traceability to Product Lot and Purchase Order

What you'll learn
Cost control for every Purchase Order and Sale Invoice to know exact revenue.
Requirements
Basic Excel.
Description
For cost and quality control, every Sale Invoice must have traceability to Lot and Purchase Order unique identification. The First In/First Out, Last In/Last Out and Average inventory revaluation methods loose cost detail once it is applied to the Accounting entries. No matter what method is used, it could be giving  bad revenue reports.   This course will explain how to record every Purchase Order Lot and cost.  At the moment of a Sale, the record of Lot dispatch product to the client is necessary to calculate the exact revenue.

Overview

Section 1: Introduction

Lecture 1 Inventory Cost Accounting->Impact on Revenue.

Section 2: Importance to keep Purchase Lot Real Cost after use of Revaluation methods LIFO

Lecture 2 Importance to keep Purchase Lot Real Cost after use of Revaluation methods LIFO

Section 3: LIFO, FIFO, and Average revaluation methods.

Lecture 3 LIFO, FIFO, and Average revaluation methods.

Section 4: Sale Cost calculation using FIFO, LIFO and Average

Lecture 4 Sale Cost calculation using FIFO, LIFO and Average methods

Section 5: Pivot Tables to create different revenue scenarios after Sales

Lecture 5 Pivot Tables to create different revenue scenarios

Lecture 6 Chart comparing SalePrice and SalesCost to get revenue.

Section 6: Accounts receivable and Liabilities record in Excel

Lecture 7 Accounts receivable and Liabilities record in Excel

Section 7: Purchase&Sales Invoices,Inventory in Acccounting Records.

Lecture 8 Purchase Order EventFlow.

Lecture 9 Sales Invoice Eventflow to write Accounting entries.

Section 8: Purchase Order and Sales Invoices record on Accounting lines with Excel

Lecture 10 Purchase Order and Sales Invoices record on Accounting lines with Excel.

Section 9: Sales Costs and Revenue comparison

Lecture 11 Sales Costs and Revenue comparison

Section 10: Taxes debit and taxes to pay.

Lecture 12 Taxes debit and taxes to pay.

Section 11: Results statement report from Account lines in Excel using Pivot Tables.

Lecture 13 Results statement report from Account lines in Excel using Pivot Tables.

Business owners administrators that want to keep revenue as a main target in the company.