Accounting for Inventory course equips you with understanding inventory sales and purchase and ability to analyze financial statements.
Critical Issues In Accounting for Inventory business owner need to know:
Bulls Capital Accounting for Inventory Course comprehensively introduces such participants to the phase accounting that is related to recording and valuing transformation in Inventory Assets.
This course lay emphasis on the phase of accounting that is related to recording and valuing transformation in Inventory Assets. Changes in Inventory can be due to so many reasons like depreciation, change in demand and supply, wastage of time etc.
The objectives of this training is to expose participants to various ways in which inventory can be accounted for, valued and recorded.
This training is designed for Accountants, Procurement officers, Senior managers, Store keepers and it is also in advantage to business owners. This will help them know how to account for their inventory.
The training is prepared in such a way that, every participant will be able to assimilate what is been lectured and at the end of the training, a copy of the training materials shall be given to all participants.
Participants shall be awarded a certificate of participation from Bulls Capital in Nigeria.
Day One
Inventory Accounting
Statement of financial position of merchandize organizations
Statement of financial position of Service organizations.
Recording of sales
Sales allowance
Sales invoice
Sales returns
Sales revenue
Day Two
Recording of Purchases
Free-On-Board shipping point
Freight in merchandise purchase
Free-On-Board Destination
Systems of accounting for inventory
Periodic System
Perpetual System
Financial Statement with inventory
Adjustments to Inventory