L1 29 Investories

This class was created by Brainscape user Steven Popovic. Visit their profile to learn more about the creator.

Decks in this class (9)

a distinguish between costs included in inventories and costs recognized as expenses in the period in which they are incurred;
Costs included in inventories,
Costs recognized as expenses in t...,
Distinguish between costs include...
24  cards
B describe different inventory valuation methods (cost formulas);
describe different inventory valuation methods (cost formulas)
13  cards
A
Distinguish between costs included in inventories and costs recognized as expenses in the period in which they are incurred.
5  cards
C calculate cost of sales and ending inventory using different inventory valuation methods and explain the effect of the inventory valuation method choice on gross profit;
"calculate cost of sales and ending inventory using different inventory valuation methods and explain the effect of the inventory valuation method choice on gross profit;"
3  cards
D, E e. compare cost of sales, ending inventory, and gross profit using different inventory valuation methods;
calculate and compare cost of sales, gross profit, and ending inventory using perpetual and periodic inventory systems "record changes to inventory " and "compare cost of sales, ending inventory, and gross profit using different inventory valuation methods;"
8  cards
F describe the measurement of inventory at the lower of cost and net realisable value;
describe the measurement of inventory at the lower of cost and net realisable value; Measurement of inventory value (due to financial risk from holding inventory - spoilage, obsolescence, drop in selling price)
9  cards
G describe the financial statement presentation of and disclosures relating to inventories;
describe the financial statement presentation of and disclosures relating to inventories;
3  cards
H calculate and interpret ratios used to evaluate inventory management.
calculate and interpret ratios used to evaluate inventory management. 'Evaluation of Inventory Management'
14  cards
d calculate and compare cost of sales, gross profit, and ending inventory using perpetual and periodic inventory systems;
0  cards

More about
L1 29 Investories

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Steven Popovic's L1 29 Investories flashcards for their CFA Exam L1 class now!

How studying works.

Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.

Add your own flashcards.

Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!

What's Brainscape anyway?

Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.

We use an adaptive study algorithm that is proven to help you learn faster and remember longer....

Looking for something else?

2°9
  • 4 decks
  • 61 flashcards
  • 2 learners
Decks: Espagnol Vocab 05 04 24, Francais Figures De Styles, Hustoire Chap 1 2 T2, And more!
WSET L1 preparation
  • 1 decks
  • 21 flashcards
  • 11 learners
Decks: Red Or White, And more!
29 RBS II
  • 4 decks
  • 178 flashcards
  • 58 learners
Decks: Boat Specs And Outfit List, 29 Rbs Ii Beeces, 45 Rbm Boat Specs, And more!
CrossFit L1
  • 8 decks
  • 143 flashcards
  • 57 learners
Decks: What Is Crossfit, What Is Fitness, The Moves, And more!
Make Flashcards