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Inventory

This topic has 3 replies, 3 voices, and was last updated 6 years ago by John Moffat.

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October 2, 2018 at 9:47 am #476126
emily1021
Member
- Topics: 9
- Replies: 4
May I know the difference between ‘Perpetual inventory system’ with ‘Periodic inventory system’ ?
October 2, 2018 at 3:01 pm #476142
John Moffat
Keymaster
- Topics: 57
- Replies: 54458
Perpetual inventory system is the same as ‘continuous inventory recording’, which is explained on Pager 44 of our free lecture notes (and the free lectures that go with them) 🙂
October 18, 2018 at 2:18 pm #479110
nicholasgaskell
Participant
- Topics: 0
- Replies: 1
Hi John,
Do we need to know both methods for the FA exam? Or just the perpetual inventory system mentioned in your lectures?
October 19, 2018 at 7:27 am #479171
John Moffat
Keymaster
- Topics: 57
- Replies: 54458
Both methods. (The perpetual inventory system cannot be asked as a calculation question, but you are expected to know what it is.)
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