Chapter 8 Inventories and the Cost of Goods Sold - Part 2

Welcome to our channel!
In this video, we explain Financial Accounting - Chapter 8: Inventories and the Cost of Goods Sold (COGS) in a simple and easy way so students can clearly understand one of the most important topics in accounting.
This lecture is specially designed for students of B.Com, BBA, MBA, I.Com, Business Studies, and Accounting in Pakistan, India, and Bangladesh.
In this video you will learn:
• What is Inventory in accounting
• What is Cost of Goods Sold (COGS)
• Relationship between Inventory and COGS
• Inventory Systems (Periodic vs Perpetual)
• Inventory Valuation Methods (FIFO, LIFO, Weighted Average)
• Effects of inventory methods on profit
• Real-life examples for better understanding
This lecture will help you understand how inventory is managed and how COGS affects profit and financial statements.
Keywords:
Financial Accounting, Chapter 8, Inventories and Cost of Goods Sold, COGS Explained, Inventory Accounting, FIFO, LIFO, Weighted Average, Periodic vs Perpetual Inventory, Merchandising Accounting, Accounting Lecture for Students, Commerce Students, Business Studies.
Watch the complete video to fully understand Inventories and Cost of Goods Sold in an easy and practical way.
Subscribe to the channel for more lectures on Financial Accounting, Business, and Commerce and don’t forget to share with your friends.

Видео Chapter 8 Inventories and the Cost of Goods Sold - Part 2 канала Dr. Kiran Afzal