February 2025

Inventory valuation methods

By |2025-02-12T09:25:41+02:00February 12th, 2025|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Inventory valuation: Inventory valuation methods

  • The figure for inventory is obtained from actual physical stock takes
  • We have already looked at the exact definition of inventories during the introduction to inventories and when we looked at IAS 2
  • It has also been pointed out […]
Comments Off on Inventory valuation methods

Inventory valuation methods: FIFO

By |2025-02-12T09:27:24+02:00February 12th, 2025|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Inventory valuation: Inventory valuation methods: First In First Out (FIFO)

Comments Off on Inventory valuation methods: FIFO

Inventory valuation methods: FIFO: Example Question

By |2025-02-12T09:29:51+02:00February 12th, 2025|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Inventory valuation: Inventory valuation methods: First In First Out (FIFO): Example Question

  • We have looked at the FIFO method of valuing inventory here
  • Now it is time to look at an exam type of question
  • The solution to this question can be found here

Mary […]

Comments Off on Inventory valuation methods: FIFO: Example Question

Inventory valuation methods: LIFO

By |2025-02-12T09:36:43+02:00February 12th, 2025|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Inventory valuation: Inventory valuation methods: Last In First Out (LIFO)

Comments Off on Inventory valuation methods: LIFO

Inventory valuation methods: LIFO: Example Question

By |2025-02-12T09:39:53+02:00February 12th, 2025|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Inventory valuation: Inventory valuation methods: Last In First Out (LIFO): Example Question

If you are viewing this post on a small screen/mobile device please view it in Landscape Mode otherwise it will be distorted.

Comments Off on Inventory valuation methods: LIFO: Example Question

Inventory valuation methods: LIFO: Solution to Example Question

By |2025-02-12T09:41:14+02:00February 12th, 2025|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Inventory valuation: Inventory valuation methods: Last In First Out (LIFO): Example Question

If you are viewing this post on a small screen/mobile device please view it in Landscape Mode otherwise it will be distorted.

Comments Off on Inventory valuation methods: LIFO: Solution to Example Question

Inventory valuation methods: AVCO

By |2025-02-12T08:56:26+02:00February 12th, 2025|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Inventory valuation: Inventory valuation methods: Weighted Average Cost(AVCO)

If you are viewing this post on a small screen/mobile device please view it in Landscape Mode otherwise it will be distorted.

Comments Off on Inventory valuation methods: AVCO

Inventory valuation methods: AVCO: Example Question

By |2025-02-12T09:02:46+02:00February 12th, 2025|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Inventory valuation: Inventory valuation methods: Weighted Average Cost(AVCO): Example Question

If you are viewing this post on a small screen/mobile device please view it in Landscape Mode otherwise it will be distorted.

Comments Off on Inventory valuation methods: AVCO: Example Question

Inventory valuation methods: Effects of different methods on profit

By |2025-02-12T09:08:08+02:00February 12th, 2025|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Inventory valuation: Inventory valuation methods: Effects of different valuation methods on profit

If you are viewing this post on a small screen/mobile device please view it in Landscape Mode otherwise it will be distorted.

Comments Off on Inventory valuation methods: Effects of different methods on profit

Costing for Labour: Introduction

By |2025-02-12T09:11:01+02:00February 12th, 2025|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706): Costing for labour

  • In most entities the two largest expenses are usually material/purchases and labour
  • We have already looked at costing for materials (inventory) here
  • We will now examine the costing for labour
  • First we will look at the basic terms involved and different labour setups and scenarios of typical […]
Comments Off on Costing for Labour: Introduction
Go to Top