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Is there no info on Accounting for Materials on Open Tuition or am I missing something?
The questions from the revision kit on this subject look daunting, how is everyone finding info on Accounting for Materials?
thanks!Try reading the chapter (and watching the lecture) on Inventory Control!
Thank you, I have, but there is nothing on Material Control Account, FIFO, LIFO, AVCO etc. 🙁
However, I am very grateful for all the lectures and materials on Open Tuition, they are all very helpful! 🙂The chances of being asked much if anything on the materials control account are minimal – it is not a double entry exam. You can find a lecture on FIFO and AVCO in the F3 lectures (because it is examinable there also).
Thank you for taking your time to answer!
The approved publisher Texbook for F2 that I have seems to have a lot of information, but, as you said, there is a little chance that all of it will get asked. Unfortunately, it’s impossible for a student to know what info is more likely to get asked.
Thank you for all your help 🙂
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