Course Description
Inventory can be the largest asset that a company owns, and is one of the most complexes to track and value. This presents a risk to the accountant, since an inventory misstatement could be large enough to seriously alter the financial statements. In accounting for Inventory, this course present every issue that the accountant might need in dealing with all situations.
Course Objectives
On completion of this course you should be able to:
Course Outline
Overview of Inventory
Inventory Record Accuracy
Inventory Counting and Reconciliation
Estimating Ending Inventory
Standard Costing of Inventory
Process Costing
Inventory Spoilage, Rework, and Scrap
Inventory Transactions
Inventory Transfer Pricing
Inventory Policies
Inventory Budgeting