What is a Buffer Overflow Attack?

🚨 New IRS Crypto Rules Explained: FIFO Method Could Cost You BIG in Taxes! 💸

FIFO is our third and final cost flow assumption for inventory costing methods. FIFO stands for “first in first out” so we compute our cost of goods sold using the EARLIEST inventory we have and moving forward in time. DISCLAIMER: I am teaching this from a PERIODIC inventory system perspective, rather than a PERPETUAL perspective. Perpetual systems are MUCH more commonly used in practice, but are MUCH more complex for these problems in class, so for INTRO accounting I use periodic systems to mor

FIFO Vs LIFO: What Are They & When To Use Them

FIFO vs LIFO: Understanding Inventory Cost Flow Methods and Their Impact

LIFO And FIFO Inventory Accounting (Perpetual Inventory Vs Periodic Inventory Method)