write a full report to compare between applying the periodic inventory system and the perpetual inventory system.

Accounting project MAKE EDIT (1,2,3
Assignment Requirements

Students should write a full report to compare between applying the periodic inventory system and the perpetual inventory system. Applying one of these two methods should show significant difference. Therefore, students should discuss the following ideas:
1. Where each of these methods can be applicable and why.
2. What is the effect of using FIFO and WA methods on each of the two systems?
3. What is the requirements for applying any of these two systems?
4. What is the effect of applying the any of the two systems on the financial statements and in turn on the decisions of the users of the financial statements?

Your analysis must cover the following topics:
1. Demonstrate your understanding of the revenue recognition concept and its implications in the financial statements. Your analysis should include discussing some examples of the revenue recognition issues.
2. Demonstrate your understanding of the accounting concepts and their implications in the financial statements. Your analysis should include discussing some examples of the limitations of accounting information.
3. You need to demonstrate that you have been able to read and utilize the income statement, the statement of the financial position and the cash flow statement.

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@@@@@@NOTE IMPORTANT .. I ALREADY ORDERED THAT REASEARCH PAPER AND I WILL ATTACH IT TO THIS ORDER, I WANT YOU TO ADD/EDIT:
1)ADD INTRODUCTION
2)PUT ALL REFERENCES (DONT PUT REFERENCES FROM BOOKS ONLY ONLY WEBSITES)
3)MAKE THE RESEARCH PAPER SOUND LIKE A STUDENT WORK PAPER AND NOT PROFFESSIONAL

###THESE 3 POINTS ARE MOST IMPORTANT POINTS

 

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