Wild Accounting
Wild Accounting
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Learn First-in, First-out (FIFO) for Inventory Costing in Minutes!
First-in, First-out (FIFO) inventory costing (under a periodic inventory system) with this detailed tutorial. The FIFO method assumes that the earliest inventory items purchased are the first to be sold. This method is applicable when dealing with identical units, such as gallons of milk, but not suitable for unique items like custom artwork.
We walk through a practical example and discuss important calculations and their implications.
This step-by-step guide will help you effectively use the FIFO method.
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Jonathan M. Wild
www.wildaccounting.com
#accounting #accountingstudent #accountingbasics #financialaccounting #fifo #inventory
Переглядів: 66

Відео

LIFO or Last-in, First-out (Periodic)
Переглядів 28Місяць тому
Discover LIFO as we guide you through mastering inventory costing under a periodic inventory system. In this video, you'll learn the fundamentals of the Last-in, First-out (LIFO) method, where the most recent inventory items purchased are the first to be sold. We begin with an easy-to-understand example, demonstrating how a company that purchases units at different prices records sales using LI...
Mastering Days' Sales In Inventory Ratio | Accounting Essentials
Переглядів 59Місяць тому
In this video, we understand the Days Sales in Inventory (DSI) ratio and its implications for business operations and strategy. We begin explaining how DSI measures the efficiency of inventory management by indicating how many days a company can sustain its current sales level with its existing inventory, without needing to replenish stock. This metric is crucial for businesses to gauge their i...
Understanding Return on Equity (ROE) | Financial Accounting
Переглядів 41Місяць тому
In this accounting video, we cover Return on Equity (ROE) and its significance in financial analysis. ROE is a key metric used to assess how efficiently a company generates net income for its equity shareholders. To compute ROE, you divide Net Income by Average Total Equity. Understanding this ratio helps investors gauge how effectively a company utilizes equity to generate profits. Comparing R...
DuPont Analysis Explained: Step-by-Step Tutorial
Переглядів 81Місяць тому
Hi, I'm Jonathan Wild! In this video, we break down DuPont Analysis! I explain how DuPont Analysis can provide a detailed insight into what drives a company's Return on Equity (ROE). By dissecting ROE into three critical components - Profit Margin, Asset Turnover, and Leverage - you'll gain a clearer understanding of a company's financial performance. Profit Margin reveals how efficiently a com...
How to Account for Warranties | Financial Accounting
Переглядів 702 місяці тому
Today we're covering warranties and how to account for them, specifically from the seller's perspective. When you purchase something substantial, like a new car, it often comes with a warranty. But what exactly is a warranty? It's a promise made by a company to repair or replace defective products within a specified period, whether it's 90 days or even 5 years. Now, here's where accounting for ...
Purchase and Sale of Treasury Stock
Переглядів 842 місяці тому
Hey there everyone! Today, we're diving into the fascinating world of treasury stock-what it is, how it's recorded, and what happens when a company decides to buy back or reissue its shares. Treasury stock represents shares that a company buys back from its shareholders. Companies might do this to boost their stock price or improve financial ratios. It's important to note that treasury stock do...
Earnings per Share Ratio | Accounting Simplified
Переглядів 632 місяці тому
Hey everyone, Jonathan Wild here! Today, we’re going to dive into a fundamental financial metric known as Earnings Per Share. Earnings Per Share represents how much money a company earns for each share of its stock. It's a direct indicator of a company's profitability and is often used by investors to assess the company's financial strength and performance. In this video, we will analyze Earnin...
Debits and Credits Explained!
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Jonathan M. Wild www.wildaccounting.com #accounting #accountingstudent
Trial Balance Explained | Financial Accounting
Переглядів 3333 місяці тому
Jonathan M. Wild www.wildaccounting.com #accounting #accountingstudent #accountingbasics
Recording and Posting Journal Entries for Corporations | Introductory Accounting
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Jonathan M. Wild www.wildaccounting.com #accounting #accountingstudent #accountingbasics
Debt Ratio and Equity Ratio | Financial Accounting
Переглядів 4414 місяці тому
Hey everyone, Jonathan Wild here! Today, we're going to break down two crucial financial metrics: the Debt Ratio and the Equity Ratio. These ratios are essential for understanding a company's financial structure and how it manages its funding. Whether you're an investor, a financial analyst, or just curious about financial metrics, understanding these ratios can provide valuable insights into a...
Components of Return on Total Assets | Financial Accounting
Переглядів 1214 місяці тому
Hey everyone, Jonathan Wild here! Today, we're going to dive deep into analyzing a company's Return on Total Assets. This metric is crucial as it helps us understand how efficiently a company is using its assets to generate net income. We'll break this down into its two main components: Profit Margin and Total Asset Turnover. When these two metrics are multiplied together, they give us the Retu...
Computing Dividend Yield | Financial Accounting
Переглядів 634 місяці тому
Hey everyone, Jonathan Wild here! Today, we're going to delve into how to compute Dividend Yield, a key metric for investors who are interested in the income generated from their stock investments relative to the stock’s price. Dividend Yield measures how much a company pays out in dividends each year relative to its stock price. It’s expressed as a percentage and can be a signal of how a compa...
Price Earnings Ratio | Financial Accounting
Переглядів 634 місяці тому
Hey everyone, Jonathan Wild here! Today, we're going to dive into a crucial metric for stock investors: the Price-Earnings Ratio, commonly known as the P/E Ratio. The P/E Ratio is a widely used stock evaluation tool that compares a company's current share price to its earnings per share. This ratio provides a snapshot of what the market is willing to pay today for a stock based on its earnings....
How to Compute the Debt to Equity Ratio | Financial Accounting
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How to Compute the Debt to Equity Ratio | Financial Accounting
Times Interest Earned Ratio | Financial Accounting
Переглядів 9514 місяці тому
Times Interest Earned Ratio | Financial Accounting
Accounting for Purchases of Merchandise | Financial Accounting
Переглядів 2574 місяці тому
Accounting for Purchases of Merchandise | Financial Accounting
How to Account for Equity Investments with Insignificant Inflluence | Financial Accounting
Переглядів 884 місяці тому
How to Account for Equity Investments with Insignificant Inflluence | Financial Accounting
Debt Investments as Trading Securities | Financial Accounting
Переглядів 1034 місяці тому
Debt Investments as Trading Securities | Financial Accounting
How to Account for Sales Taxes Payable
Переглядів 2165 місяців тому
How to Account for Sales Taxes Payable
Acid Test Ratio | Financial Accounting
Переглядів 1,4 тис.5 місяців тому
Acid Test Ratio | Financial Accounting
How to Record Preferred Stock Cash Dividends
Переглядів 2195 місяців тому
How to Record Preferred Stock Cash Dividends
How to Compute Return on Assets | Financial Accounting
Переглядів 3305 місяців тому
How to Compute Return on Assets | Financial Accounting
How to Compute the Debt Ratio | Financial Accounting Explained!
Переглядів 1945 місяців тому
How to Compute the Debt Ratio | Financial Accounting Explained!
Accounts Receivable Turnover | Financial Accounting
Переглядів 1,4 тис.5 місяців тому
Accounts Receivable Turnover | Financial Accounting
Days Payable Outstanding | Accounting
Переглядів 1145 місяців тому
Days Payable Outstanding | Accounting
Total Asset Turnover | Accounting Basics
Переглядів 3595 місяців тому
Total Asset Turnover | Accounting Basics
Gross Margin Ratio | Financial Accounting
Переглядів 815 місяців тому
Gross Margin Ratio | Financial Accounting
Days Sales Uncollected (Outstanding) Ratio | Financial Accounting
Переглядів 1295 місяців тому
Days Sales Uncollected (Outstanding) Ratio | Financial Accounting