Lecture Fundamental accounting principles (21e) - Chapter 6: Inventories and cost of sales

Lecture Fundamental accounting principles (21e) - Chapter 6: Inventories and cost of sales. After completing this chapter you should be able to: Explain the purpose and importance of accounting; Identify users and uses of, and opportunities in, accounting; explain why ethics are crucial to accounting; explain generally accepted accounting principles and define and apply several accounting principles.