To Our Presentation on Inventories. What is FIFO Why a company take FIFO method for their...

12
WELCOME To Our Presentation on Inventories

Transcript of To Our Presentation on Inventories. What is FIFO Why a company take FIFO method for their...

Page 1: To Our Presentation on Inventories. What is FIFO Why a company take FIFO method for their industry.

WELCOME

To Our Presentation on

Inventories

Page 2: To Our Presentation on Inventories. What is FIFO Why a company take FIFO method for their industry.

First in, First Out (FIFO) method for inventory accounting

What is FIFO

Why a company take FIFO method for their industry

Page 3: To Our Presentation on Inventories. What is FIFO Why a company take FIFO method for their industry.

First in, First Out (FIFO) method for inventory accounting

Advantages of FIFO Method

Disadvantages of FIFO Method

Page 4: To Our Presentation on Inventories. What is FIFO Why a company take FIFO method for their industry.

Last in, First Out (LIFO) method for inventory accounting LIFO

LIFO is an acronym that stands for last in, first out.

The LIFO method assumes that the latest goods purchased are the first to be sold. LIFO seldom concedes with the actual physical flow of inventory

Under the LIFO method, the costs of the latest goods purchased are the first to be assigned to cost of goods sold.

Page 5: To Our Presentation on Inventories. What is FIFO Why a company take FIFO method for their industry.

Advantages of Last In First Out(LIFO) method : LIFO

In the case of falling prices profit tends to rise due to lower material cost, yet the finished products appear to be more competitive and are at market price.

Over a period, the use of LIFO helps to iron out the fluctuations in profits

In the period of inflation LIFO will tend to show the correct profit and thus avoid paying undue taxes to some extent

Page 6: To Our Presentation on Inventories. What is FIFO Why a company take FIFO method for their industry.

Disadvantages of Last In First Out(LIFO) method LIFO (Last In First Out)

Calculation under LIFO system becomes complicated and cumbersome when frequent purchases are made at highly fluctuating rates.

Costs of different similar batches of production carried on at the same time may differ a great deal.

This method of valuation of material is not acceptable to the income tax authorities

Page 7: To Our Presentation on Inventories. What is FIFO Why a company take FIFO method for their industry.

WAC

Difference from LIFO and FIFO:

Use of Weighted Average Cost Method:

Page 8: To Our Presentation on Inventories. What is FIFO Why a company take FIFO method for their industry.

WAC

Advantages of Weighted Average Cost Method

Consistency Less Paper Work Simple Conclusion

Page 9: To Our Presentation on Inventories. What is FIFO Why a company take FIFO method for their industry.

WAC

Disadvantages of Weighted Average Cost Method

Less Accurate Slow or False Reflect in Change

Page 10: To Our Presentation on Inventories. What is FIFO Why a company take FIFO method for their industry.

WAC

Effects of Financial Statement Effects of Income Statement Effects of Balance Sheet Effects on Cash Flow Statement

Page 11: To Our Presentation on Inventories. What is FIFO Why a company take FIFO method for their industry.

Conclusion

Better control over inventories than a periodic system

The inventory records show the quantities that should be on hand.

The company which use perpetual system can count the goods at any time to see whether the amount of goods actually on hand agrees with the inventory records.

Page 12: To Our Presentation on Inventories. What is FIFO Why a company take FIFO method for their industry.

Conclusion

If find shortages , the company can investigate immediately.

It requires additional electrical and additional cost to maintain the subsidiary records.

A computerized system can minimize this cost.


UART with FIFO Buffer - Altera · PDF fileUART with FIFO Buffer ... devices Table 1. UART with FIFO Buffer Release Information. ... interface types. The UART with FIFO Buffer MegaCore

UART with FIFO Buffer - Altera · PDF fileUART with FIFO Buffer ... devices Table 1. UART with FIFO Buffer Release Information. ... interface types. The UART with FIFO Buffer MegaCore

F.Y.B · 2021. 1. 27. · Vile Parle (E), Mumbai - 400 099. Printed by : Publishedby ... Meaning of inventories Cost for inventory valuation Inventory systems : ... FIFO and Weighted

F.Y.B · 2021. 1. 27. · Vile Parle (E), Mumbai - 400 099. Printed by : Publishedby ... Meaning of inventories Cost for inventory valuation Inventory systems : ... FIFO and Weighted

Fifo Method

Fifo Method

AHB interface FIFO - capital-micro. · PDF file3 AHB interface FIFO IP Usage ... asynchronous FIFO and synchronous FIFO The interface type of Write port and Read port can be configured

AHB interface FIFO - capital-micro. · PDF file3 AHB interface FIFO IP Usage ... asynchronous FIFO and synchronous FIFO The interface type of Write port and Read port can be configured

Asynchronous FIFO Design

Asynchronous FIFO Design

Asynchronous FIFO v6.1

Asynchronous FIFO v6.1

FIFO Intel® FPGA IP User Guide · 2020. 12. 27. · FIFO Intel ® FPGA IP User Guide. Intel ® provides FIFO Intel FPGA IP core through the parameterizable single-clock FIFO (SCFIFO)

FIFO Intel® FPGA IP User Guide · 2020. 12. 27. · FIFO Intel ® FPGA IP User Guide. Intel ® provides FIFO Intel FPGA IP core through the parameterizable single-clock FIFO (SCFIFO)

Fifo Verif Plan

Fifo Verif Plan

Gisselquist - ZipCPU · 2020-05-17 · Design Goal Lesson Overview Ź Design Goal What is a FIFO? Basic FIFO Design method FIFO Interface FIFO Memory Addresses Formal Verification

Gisselquist - ZipCPU · 2020-05-17 · Design Goal Lesson Overview Ź Design Goal What is a FIFO? Basic FIFO Design method FIFO Interface FIFO Memory Addresses Formal Verification

Fifo Buffers

Fifo Buffers

Project FiFo - Architecture

Project FiFo - Architecture

FIFO Families Submission to the Federal Inquiry into FIFO...FIFO Families recently met with some representatives from the Cairns Defence Families unit. FIFO workers and Defence employee’s

FIFO Families Submission to the Federal Inquiry into FIFO...FIFO Families recently met with some representatives from the Cairns Defence Families unit. FIFO workers and Defence employee’s

Assembly And FIFO

Assembly And FIFO

Project FiFo introduction

Project FiFo introduction

Fifo Valuation

Fifo Valuation

Fifo Generator Ug175

Fifo Generator Ug175

ASync FIFO

ASync FIFO

INTERPRETATION OF ACCOUNTING · PDF fileFirst In First Out (FIFO), First Expired First Out (FEFO) or other suitable method. When inventories are sold, exchange or distributed, the

INTERPRETATION OF ACCOUNTING · PDF fileFirst In First Out (FIFO), First Expired First Out (FEFO) or other suitable method. When inventories are sold, exchange or distributed, the

FIFO buffers embedded in ST MEMS sensorslevel, FIFO overrun and FIFO empty events can be enabled to generate interrupts 3 FIFO buffers embedded in ST MEMS sensors 07/06/2013 FIFO in-sight

FIFO buffers embedded in ST MEMS sensorslevel, FIFO overrun and FIFO empty events can be enabled to generate interrupts 3 FIFO buffers embedded in ST MEMS sensors 07/06/2013 FIFO in-sight

Asynchronous FIFO

Asynchronous FIFO