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    aziz ahmed's Avatar
    aziz ahmed Posts: 1, Reputation: 1
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    #1

    Oct 27, 2008, 01:42 AM
    Periodic & Perpetual system
    Hi

    Respected sir/Mam

    I wan a ask that what is pepetual & periodic system? & define methods like LIFO,FIFO ,Weighted Average & Moving Average
    MF Controller's Avatar
    MF Controller Posts: 25, Reputation: 2
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    #2

    Oct 29, 2008, 11:06 AM

    prepetual = coninual
    periodic = analizing a period (by qtr, year, etc)
    LIFO - Last in First out revenue recognition
    FIFO = First in First out revenue recoginition
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