PPT-Chapter 18 Inventory Theory

Introduction Scientific inventory management Mathematical model describes system behavior Goal optimal inventory policy with respect to the model Computerized information processing system maintains inventory level records. Appendix 8A. The Retail Inventory Method of Estimating Inventory Costs. Retail Inventory Method:. Given: At Cost At Retail. Goods available. . $ 20,500 . $ 36,000. Markups . Understand inventory from a business perspective.. Define inventory from an accounting perspective.. Identify which inventory items should be included in ending inventory.. Identify the effects of inventory errors on the financial statements and adjust for them.. Chapter 10. by Gerald Corey. Brooks/Cole,. A division of. Cengage. Learning. Rational Emotive Behavioral Therapy (REBT). Stresses thinking. ,. . judging, deciding, analyzing, and doing. Assumes. . © 2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website in whole or in part.. This chapter focuses on revenue-and inventory-related financial statement frauds. Specifically, it focuses on identifying financial statement fraud exposures. While doing this, it is important to focus on transactions and accounts that are affected by and correspond with the potential frauds. . security. VIRTUAL BUSINESS. RETAILING 3.0. In this unit we will study the topic of store security. We will begin by examining how theft affects a business & how much businesses lose to theft each year. Intercompany Inventory Transactions. 6-. 2. Learning Objective 1. Understand and explain intercompany transfers and why they must be. eliminated.. 6-. 3. Road Map: Intercompany Transactions. Typical intercompany transactions. The Cost of Logistics can be enormous. “If you're thinking that it's gotten a lot more costly lately to transport and warehouse your manufactured products, you're exactly right. Total costs for business logistics in the United States were up 10.4% in 2010, reaching $1.2 trillion. That total accounts for 8.3% of the U.S. gross domestic product.”.. Review. Q.1. Who is considered the forerunner of career guidance?. T. he forerunner of career guidance?. George Merrill = pioneer and forerunner. Frank Parsons = “father” of career guidance and the counseling profession. Intercompany Inventory Transactions. 6-. 2. Learning Objective 1. Understand and explain intercompany transfers and why they must be. eliminated.. 6-. 3. Road Map: Intercompany Transactions. Typical intercompany transactions. Operations Management. by. R. Dan Reid & Nada R. Sanders. 2nd Edition © Wiley 2005. PowerPoint Presentation by R.B. Clough - UNH. Types of Demand. There are two types of demand.. Independent Demand. Chapter one Alphabets and Languages Alphabets A symbol is an undefined term. (Cf. an abstract entity like point or line in geometry.) E.g. S, s, #, %, @, $, *, ?, !, =, +, - An alphabet Σ is a The precursor to your education plan. Chapter Eleven Vocabulary . List.  . principles. : a basic belief or idea. publication. : a published work. resume. : summary of a person’s professional or work experience. Goal of WC management of Inventory. Cost optimisation (optimum re-order level) and (optimum re-order quantity). In practice this means striking a balance between holding costs on the one hand and stockout and re-order costs on the other. LO20–1: . Explain how . inventory is used and understand what it costs.. LO20–2: Analyze how different inventory control systems work.. LO20–3: Analyze inventory using the Pareto principle.. McGraw-Hill/Irwin.