Free thermometer template
1 unique slides
Nowadays, there are many different methods of accounting, each of which differs in its specialization, peculiarities. Recently, such methods as FIFO and LIFO have been widely used which can be applied to different situations, and at the same time significantly simplify reporting in certain areas. Thus, FIFO and LIFO slide has been created to provide you a convenient tool for work and reporting.
According to FIFO method, those homogeneous products that were first bought are considered to be used in the production process first.
LIFO is the method in which when reporting to production, those homogeneous products that were purchased latter at a slightly lower or greater price are considered to be used first.
The LIFO method provides an opportunity to reduce tax liabilities, if there are not so many used inventories.
The fifo first in first out example is characterized by extremely high calculation speed and ease of use in accounting; that is why it is often used by those organizations in which production processes are used consistently, that is, they refer to production or use of perishable materials. In addition, the advantage is also an increase in the creditworthiness of the company, as well as the opportunity to attract even more investment or creditors.
The template includes one slide with a scheme of these two methods. A group of multicolored numerated squares schematically present LIFO and FIFO work. This template is well-equipped with modern useful tools and necessary elements. Thus, your work will be efficient and convenient.
If you choose this slide, you can be sure that if you forget something when report or present a project, this slide will serve as a plan or guide you can look at to remind the idea.
It is a perfect tool that allows clearly and logically developing the topic. The listeners better perceive the essence if your thoughts coherently follow one each other.