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Financial Accounting and Reporting – Business Environmental Concepts

December 16, 2020

Your manager has informed you that the company is trying to determine if it should use a periodic system or a perpetual 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

Define the question you are required to address—in another words, what is the problem statement?

22.5%

Survey the literature on the subject.

22.5%

Address the pros and the cons of each method.

22.5%

What is your recommendation, and why?

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.