Fast - slow and non moving analysis, Financial Accounting

Assignment Help:

FSN Analysis:

In this method inventory items are classified as per the usage/consumption pattern. They are categorizing as:

Fast Moving (F) items are stored in huge quantities as their usage rate is very high. Special attention is specified to the inventory level of these categories of items.
Slow Moving (S) items are not often needed by the production department; thus moderate quantities along with moderate supervision are kept.
Non Moving (N) items are rarely needed through the production department, thus small number of items is kept in stores and less supervision is needed for these kinds of inventory items.

Under this method the focus is on the frequency of usage of a specific item.

Related Discussions:- Fast - slow and non moving analysis

Carriage inwards, difference between carriage inwards and carriage out ward...

difference between carriage inwards and carriage out wards

Example on differential cash flows, Q. Example on Differential cash flows? ...

Q. Example on Differential cash flows? Differential cash flows: contracting out versus in-house provision NET PRESENT VALUE =£45519 The positive NPV signifies th

Explain about tax ramifications, Q. Explain about Tax Ramifications? i)...

Q. Explain about Tax Ramifications? i) Exercise price effects capital gains of individual and effects compensation expense used by corporation for calculating company's compens

Trade sources of information, Trade Sources of Information Within for i...

Trade Sources of Information Within for instance the credit card industry it isn't uncommon for information on an individual's credit rating to be shared. In a alike vein withi

Salary, the salaries paid in 2004 is rs. 500000 salaries outstanding is rs....

the salaries paid in 2004 is rs. 500000 salaries outstanding is rs.20000 salaries paid in advance for 2004 is rs 30000 what is the actual salary expenditure for 2004?

Acounting principles, notes on Gaap principles

notes on Gaap principles

Net cash provided by operating activities was?, 50. In preparing a company'...

50. In preparing a company's statement of cash flows for the most recent year on the indirect method, the following information is available: 52,000-Net income for the year 18,00

Maximum or minimum asset price, The payoffs from lookback options depend on...

The payoffs from lookback options depend on the maximum or minimum asset price during the life of the option. The payoff of a floating lookback put is the amount by which the maxim

Pre-acquisition losses in subsidiary company, Pre-acquisition losses in sub...

Pre-acquisition losses in subsidiary company on date of acquisition If the subsidiary company has a loss on the date of acquisition i.e. a debit balance in the retained profits

Which actions are most likely to directly increase cash, Which of the follo...

Which of the following actions are most likely to directly increase cash as shown on a firm's balance sheet? Explain and state the assumptions that underlie your answer. 1. It i

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages