Inventory - Part 2 | Part 1 | Section A | Episode 72 | CMA USA скачать в хорошем качестве

Inventory - Part 2 | Part 1 | Section A | Episode 72 | CMA USA

📘 CMA USA Exam | Inventory – Part 2 | LCNRV • LCM • Write-downs Welcome back to CMA USA Exam Coach! In this episode, we continue our deep dive into Inventory Accounting — one of the most important CMA Part 1 topics. In Inventory – Part 2, we focus on valuation when inventory loses value, and how these write-downs are treated under U.S. GAAP. Concepts like LCNRV and LCM are frequently tested, so understanding the logic — not just the formulas — is key. This session includes step-by-step examples to help you clearly see how the amounts are calculated and recorded. ⏱️ Timeline 00:00 – Introduction 00:48 – Recognizing Permanent Declines in Inventory Values (LCNRV & LCM) 04:36 – Example: FIFO with the LCNRV Rule 08:05 – Example: LIFO & Retail Method using LCM (Lower of Cost or Market Value) 14:58 – How Inventory Write-downs Are Recorded Under U.S. GAAP 16:49 – Summary & Final Exam Advice 📌 What You’ll Learn ✔ When and why inventory must be written down ✔ LCNRV rules for FIFO & Average Cost ✔ LCM rules for LIFO & Retail Method ✔ How to determine replacement cost, ceiling & floor ✔ Journal entry options for inventory write-downs ✔ Key CMA exam-style logic & shortcuts 📘 Next Episode Coming Soon: More CMA concepts explained in simple language — stay tuned! 🔖 Hashtags #CMAUSA #CMAPart1 #InventoryAccounting #LCNRV #LCM #FIFO #LIFO #RetailInventoryMethod #AccountingStudents #FinancialAccounting #USGAAP #CMAExamCoach #CMAExamPreparation #CostOfGoodsSold #ManagementAccounting