Teaching Inventory Accounting: A Simple Learning Strategy to Achieve Student Und

Nov 24th, 2014
HelloWorld
Category:
Accounting
Price: $15 USD

Question description

After reading Greenberg and Wilner’s article, “Teaching Inventory Accounting: A Simple Learning Strategy to Achieve Student Understanding” (2011), discuss why you think the authors’ statement below prohibits students from understanding the differences among FIFO, LIFO, and average cost:

Students have a difficult time understanding the difference between the physical flow of inventory and the cost flow assumption. Specifically, they do not understand that the actual physical flow of goods relates to a process undertaken by a manufacturer or merchandiser, while the cost flow assumption relates to accounting reporting conventions. The physical flow does not have to be the same as the cost flow assumption (p.836).


Tutor Answer

(Top Tutor) Daniel C.
(997)
School: New York University
PREMIUM TUTOR

Studypool has helped 1,244,100 students

8 Reviews


Summary
Quality
Communication
On Time
Value
Five Star Tutor
Dec 8th, 2016
" Outstanding Job!!!! "
kpcutie
Nov 25th, 2016
" Excellent job "
Joemoe
Nov 16th, 2016
" <3 it, thanks for saving me time. "
Hemapathy
Nov 11th, 2016
" all I can say is wow very fast work, great work thanks "
pmallory
Nov 2nd, 2016
" Totally impressed with results!! :-) "
kevin12622
Oct 20th, 2016
" Goes above and beyond expectations ! "
kiln82
Oct 11th, 2016
" awesome work thanks "
likeplum4
Sep 27th, 2016
" Excellent work as usual "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1821 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors