Categories
Resources for Accountants

Days Inventory – Meaning, Formula, Calculation & Interpretations [Video]

Days Inventory – Meaning, Formula, Calculation & Interpretations

This tutorial explains how to calculate Days Inventory in detail, including the formula, calculations, and interpretations. It discusses why days inventory is such an important indicator of a company’s inventory management. Thereafter, we will use the Colgate Case Study to calculate this ratio in Excel.
You can download the Colgate Days Inventory template from this link – https://www.wallstreetmojo.com/ratio-analysis-template/

What is Days Inventory?
——————————————–
Days inventory indicates how long it takes a company to turn its inventory into sales.

Formula
——————————————–
Days in Inventory Formula = 365 / Inventory Turnover

Uses
——————————————–
– Days inventory ratio can be used to determine how long a company takes to manage and transform its inventory.
– Inventory turnover ratio and days inventory are both useful indicators of a company’s inventory management efficiency.
For more details, you can refer to our article – https://www.wallstreetmojo.com/days-in-inventory-formula/

Connect with us!
YouTube ► https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw
LinkedIn ► https://www.linkedin.com/company/wallstreetmojo/mycompany/
Facebook ► https://www.facebook.com/wallstreetmojo
Instagram ► https://www.instagram.com/wallstreetmojoofficial/?utm_medium=copy_link
Twitter ► https://twitter.com/wallstreetmojo

Watch/Read More
Categories
Resources for Accountants

How to Start and Fund Your Own Business [Video]

Embarking on the journey of starting and funding your own business is akin to setting sail on uncharted waters. It's a thrilling yet daunting endeavor that demands a blend of creativity, strategy, and financial acumen. In today's dynamic business landscape, where innovation and disruption reign supreme, the allure of entrepreneurship beckons individuals eager to carve their own path and leave a mark on the world. However, navigating the complexities of business ownership requires careful planning, unwavering commitment, and access to adequate funding. This guide aims to illuminate the path ahead, offering a roadmap for aspiring entrepreneurs to transform their vision into a tangible business reality.

Categories
Resources for Accountants

How to Improve Your Verbal Communication Skills | Top 10 Verbal Communication Tips for Managers [Video]

Discover how to Improve Your Verbal Communication Skills. Effective verbal communication is an essential skill for managers, as it can greatly influence the success of their teams and organizations. By mastering the art of clear and concise verbal communication, managers can foster better relationships, boost productivity, and inspire their employees. To help you enhance your verbal communication skills as a manager, here are ten valuable tips, along with examples, to guide you in your journey.

Categories
Resources for Accountants

Application of ASC 805 [Video]

This is the introductory video for the third course of the three-part Business Combinations eLearning series. Now that you are familiar with the basic accounting rules and certain ASC 805 advanced issues, this course will apply that knowledge by walking through an example acquisition and requiring you to identify the proper accounting treatment. Take the course: https://www.gaapdynamics.com/product/business-combinations-application-of-asc-805/ Buy all three courses and save! https://www.gaapdynamics.com/product/asc-805-business-combinations/ Learn more about GAAP Dynamics: https://www.gaapdynamics.com/ Check out our other online courses on the GAAP Dynamics Learning Library: https://www.gaapdynamics.com/individual-learning/ Subscribe to GAAP Dynamics to see more videos like these!

Categories
Resources for Accountants

Advanced Issues and Disclosures [Video]

This is the introductory video to our self-study eLearning course "Business Combinations: Advanced Issues and Disclosures." Check it out here: https://www.gaapdynamics.com/product/business-combinations-advanced-issues-and-disclosures/ This is the second course of the three-part Business Combinations eLearning series. Now that you are familiar with the basic accounting rules, this course dives deeper into more advanced business combination issues such as exceptions to general guidelines, noncontrolling interests, and measurement period adjustments. Learn more about GAAP Dynamics: https://www.gaapdynamics.com/ Check out our other online courses on the GAAP Dynamics Learning Library: https://www.gaapdynamics.com/individual-learning/ Subscribe to GAAP Dynamics to see more videos like these!