Financial Accounting and Reporting - Business Environmental Concepts
Your manager has informed you that the company is trying to determine if it should use a periodic system or aperpetual system in accounting for the inventory. He wants you to speak at the next board of directors meeting.
Prepare a PowerPoint presentation of 10 slides in which you do the following:
- Outline the similarities between a periodic system and a perpetual system in accounting for the inventory.
- Outline the differences between a periodic system and a perpetual system in accounting for the inventory.
- What is your recommendation on which system the company should use, and why?
Please submit your assignment.
| Grading Criteria |
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Define the question you are required to address-in another words, what is the problem statement?
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22.5% |
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Survey the literature on the subject.
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22.5% |
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Address the pros and the cons of each method.
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22.5% |
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What is your recommendation, and why?
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22.5% |
| Use proper formatting for the assignment and references. |
10% |
For assistance with your assignment, please use your text, Web resources, and all course materials.