Download
Accounting - The Conceptual Framework of Accounting - Inventory Control
Objectives:
  • Differentiate the nature, function, and limits of financial accounting, financial statements, and payroll.
  • Differentiate between periodic and perpetual inventory.
  • Describe inventory valuation methods and their complexity.
National Standards: Complies with NBEA Accounting 2023 Standard II.A.3 Differentiate between periodic and perpetual inventory and describe inventory valuation methods and their complexity.

Materials:
  • Whiteboard or chalkboard
  • Markers or chalk
  • Index cards
  • Stopwatch
  • Prizes (optional)
Feeling inspired? Share these insights on social.