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Inventory Accounting And Costing

0 person is attending    0 Views    Accounting/Auditing    ₦105000   

OBJECTIVE

By the end of the workshop, participants will able to:

- Properly account for write-downs, write backs and impact of changes including accounting policies in financials

- Report and disclose inventory accurately by adhering to internationally recognized conventions.

- Understand inventory cost allocation techniques and cost accounting approaches.

 

CONTENTS

Introduction to Inventory

- Current assets and inventory management

- Reasons for keeping inventory

- Inventory cycle from purchases to sales

- Understanding and analyzing inventory ratios

 

Accounting for Inventory

- Inventory flow from balance sheet to income statement

- Perpetual vs periodic inventory method

- Measurement after recognition

- Accounting for inventory

- Inventory cost flow assumptions

- Inventory required disclosures

- Inventory estimation techniques

 

Inventory Costing Techniques

- Cost accounting versus financial accounting

- Cost allocation techniques

- Initial recognition

 

Cost Accounting Approaches

- Standard cost accounting

- Activity-based costing (ABC)

- Life cycle accounting

- Thru put accounting

- Lean accounting

 

For Whom: Accountants, Treasurers, Investment Managers, Cash Managers, Auditors and others who perform related functions in Public and Private Sectors

 



What you'll learn Properly account for write-downs, write backs and impact of changes including accounting policies in financials
Seats Remaining 15
Venue Alpha Partners Professional Training Conference Centre, 200, Muritala Mohammed Way (3rd Floor) Opposite Adekunle BRT Bus-stop, Yaba - Lagos.
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Starts On 25 Jul 2017
Ends On 28 Jul 2017
Registration Closes 25 Jul 2017



Trainer

Alpha Partners
Member since: 1 year ago
Alpha Partners is a staff training and development company headquartered in Lagos, Nigeria.

Pay ₦105000 for this Training

Training Cost ₦105000
VAT (0%) ₦0
Total Cost ₦105000
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