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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

(Math) the total from multiplying two numbers.

adjustment

/əˈjəstmənt/

noun

Small change to attain a desired state or function.

average

/ˈav(ə)rij/

adjective noun verb

constituting result found by dividing total amount. number expressing the central or typical value in a set of data. To add numbers then divide by the number of items.

previous

/ˈprēvēəs/

adjective

Existing or happening before the present time.

accountant

/əˈkount(ə)nt/

noun

person whose job is to keep or inspect financial accounts.

numbers

/ˈnəmbər/

noun other verb

arithmetical value expressed by word, symbol, or figure. Particular songs or dances performed during shows. To claim to be part of a larger group, series, set.

entries

/ˈentrē/

noun other

act of entering. Acts of starting a career.

standard

/ˈstandərd/

adjective noun

Being the accepted normal level of quality. level of quality or attainment.

journal

/ˈjərnl/

noun verb

A diary; record of what you do every day. write in journal or diary.

registered

/ˈrejəstərd/

adjective verb

entered or recorded on official list or directory. (Of feelings) to show or make visible.

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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