Inventory Accounting: GAAP, Software and Variance Recognition

Friday, February 26, 2021
Webcast or Webinar, Online
10:00AM - 11:52AM (opens at 9:30 AM) EST
2Credits
Accounting and Auditing

Registration is Closed

Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.

Members
$79.00 Regular Price
Non-Members
$109.00 Regular Price
Course Type: Webcast
Course Code: 20/AC934593
Level: Basic
Vendor: ACPEN
Field of Study: Accounting

Overview:

Need to strengthen your inventory accounting skills?  This session will help you get there quickly!  The session focuses on the basics: inventory GAAP, inventory software, and methods for dealing with variances. Join inventory accounting veteran John L. Daly for this informative session.

Objectives:

  • Understand the basics of these inventory issues:  
    • GAAP  
    • Software  
    • Variance recognition

Major Topics:

  • GAAP/IFRS for inventory
  • Understanding Inventory software

-   Inventory master files

-   Bill of Materials (BOM)

-   Indented Bill of Materials

-   Routings

  • Variance recognition
  • Keeping costs current

Designed For:

Financial professionals who deal with inventory

Prerequisite:

None