Entry 3 - Week 4 of study - Start of applications within financial statement analysis

Study session 9

Reading 36: Inventories
I’ve found study session 9 probably the most challenging as this is where the more detailed materials exists within Financial Statements and Analysis.

Rather than just memorising the formula, I was able to obtain a good background and logical understanding of LIFO to FIFO comparisons. I used the study texts and help from the 7city tutor faculty to get to grips with this area.