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FIFO adjustment from standard costing

2,628 views

The Finance Storyteller

Video Language:

  • English

Caption Language:

  • {{captionLanguage | language_name}} ({{captionLanguage}})

Accent:

Speech Time:

100%
  • 5:56 / 5:56

Speech Rate:

  • 137 wpm - Conversational

Category:

  • Education

Tags :

Intro:

Video Vocabulary

product

/ˈprädəkt/

noun

End result of a process.

adjustment

/əˈjəstmənt/

noun

A change to make something function better.

average

/ˈav(ə)rij/

adjective noun verb

constituting result found by dividing total amount. Total of numbers divided by the number of items. amount to or achieve as average rate or amount over period of time.

previous

/ˈprēvēəs/

adjective

existing or occurring before in time or order.

accountant

/əˈkount(ə)nt/

noun

Professional person who manages money.

numbers

/ˈnəmbər/

noun other verb

arithmetical value expressed by word, symbol, or figure. Particular songs or dances performed during shows. To put numbers on things.

entries

/ˈentrē/

noun other

act of entering. People or things included in a competition or race.

standard

/ˈstandərd/

adjective noun

used or accepted as normal or average. Official unit of measuring something.

journal

/ˈjərnl/

noun verb

specialist newspaper or magazine. write in journal or diary.

registered

/ˈrejəstərd/

adjective verb

entered or recorded on official list or directory. To show an amount on a measurement device.

automated

/ˈôdəˌmādəd/

adjective verb

operated by largely automatic equipment. To use machines to do tasks instead of people.

calculate

/ˈkalkyəˌlāt/

verb

To make an educated guess about something.

inventory

/ˈinvənˌtôrē/

noun verb

complete list of items. make inventory of.

accounting
noun

An activity to prepare and keep financial records.

giraffes

/jəˈraf/

noun other

large African mammal with very long neck. Tall African animal with very long neck and legs.

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