Inventory Accounting and Costing Course
Master the skills needed for effective inventory accounting and costing with our comprehensive course. BMC Training offers Inventory Accounting and Costing Course in Finance , Accounting and Budgeting Courses.
- English
- 184 Training Sessions
- Confirmed
- One Week
Detailed description for visually impaired users: The image presents a view of Inventory Accounting and Costing Training Course
Type a city name or a month
Venue | Start Date | End Date | Net Fees | Details & Registration |
---|---|---|---|---|
Dubai , UAE | 28 - Apr - 2024 | 2 - May - 2024 | 4987.5 GBP |
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Paris , France | 28 - Apr - 2024 | 2 - May - 2024 | 6700 GBP |
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Hong Kong , Hong Kong | 28 - Apr - 2024 | 2 - May - 2024 | 8500 GBP |
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Bali , Indonesia | 12 - May - 2024 | 16 - May - 2024 | 8100 GBP |
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Singapore , Singapore | 12 - May - 2024 | 16 - May - 2024 | 7500 GBP |
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Washington , United States | 12 - May - 2024 | 16 - May - 2024 | 11000 GBP |
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Istanbul , Turkey | 12 - May - 2024 | 16 - May - 2024 | 4700 GBP |
|
Kuala Lumpur , Malaysia | 5 - May - 2024 | 9 - May - 2024 | 4750 GBP |
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Rome , Italy | 5 - May - 2024 | 9 - May - 2024 | 7300 GBP |
|
Barcelona , Spain | 5 - May - 2024 | 9 - May - 2024 | 6950 GBP |
|
Zurich , Switzerland | 5 - May - 2024 | 9 - May - 2024 | 7950 GBP |
|
Dubai , UAE | 19 - May - 2024 | 23 - May - 2024 | 4987.5 GBP |
|
Paris , France | 19 - May - 2024 | 23 - May - 2024 | 6700 GBP |
|
Hong Kong , Hong Kong | 19 - May - 2024 | 23 - May - 2024 | 8500 GBP |
|
London , UK | 26 - May - 2024 | 30 - May - 2024 | 4950 GBP |
|
Madrid , Spain | 26 - May - 2024 | 30 - May - 2024 | 6950 GBP |
|
Munich , Germany | 26 - May - 2024 | 30 - May - 2024 | 7900 GBP |
|
Berlin , Germany | 26 - May - 2024 | 30 - May - 2024 | 7900 GBP |
|
New York , United States | 26 - May - 2024 | 30 - May - 2024 | 10900 GBP |
|
Dubai , UAE | 12 - May - 2024 | 16 - May - 2024 | 4987.5 GBP |
|
Paris , France | 12 - May - 2024 | 16 - May - 2024 | 6700 GBP |
|
Hong Kong , Hong Kong | 12 - May - 2024 | 16 - May - 2024 | 8500 GBP |
|
Amsterdam , Netherlands | 26 - May - 2024 | 30 - May - 2024 | 8100 GBP |
|
Milan , Italy | 26 - May - 2024 | 30 - May - 2024 | 6950 GBP |
|
Dubai , UAE | 9 - Jun - 2024 | 13 - Jun - 2024 | 4987.5 GBP |
|
Paris , France | 9 - Jun - 2024 | 13 - Jun - 2024 | 6700 GBP |
|
Hong Kong , Hong Kong | 9 - Jun - 2024 | 13 - Jun - 2024 | 8500 GBP |
|
Kuala Lumpur , Malaysia | 16 - Jun - 2024 | 20 - Jun - 2024 | 4750 GBP |
|
Rome , Italy | 16 - Jun - 2024 | 20 - Jun - 2024 | 7300 GBP |
|
Barcelona , Spain | 16 - Jun - 2024 | 20 - Jun - 2024 | 6950 GBP |
|
Zurich , Switzerland | 16 - Jun - 2024 | 20 - Jun - 2024 | 7950 GBP |
|
Istanbul , Turkey | 23 - Jun - 2024 | 27 - Jun - 2024 | 4700 GBP |
|
Bali , Indonesia | 23 - Jun - 2024 | 27 - Jun - 2024 | 8100 GBP |
|
Singapore , Singapore | 23 - Jun - 2024 | 27 - Jun - 2024 | 7500 GBP |
|
Washington , United States | 23 - Jun - 2024 | 27 - Jun - 2024 | 11000 GBP |
|
London , UK | 2 - Jun - 2024 | 6 - Jun - 2024 | 4950 GBP |
|
Madrid , Spain | 2 - Jun - 2024 | 6 - Jun - 2024 | 6950 GBP |
|
Munich , Germany | 2 - Jun - 2024 | 6 - Jun - 2024 | 7900 GBP |
|
Berlin , Germany | 2 - Jun - 2024 | 6 - Jun - 2024 | 7900 GBP |
|
New York , United States | 2 - Jun - 2024 | 6 - Jun - 2024 | 10900 GBP |
|
Dubai , UAE | 23 - Jun - 2024 | 27 - Jun - 2024 | 4987.5 GBP |
|
Paris , France | 23 - Jun - 2024 | 27 - Jun - 2024 | 6700 GBP |
|
Hong Kong , Hong Kong | 23 - Jun - 2024 | 27 - Jun - 2024 | 8500 GBP |
|
Dubai , UAE | 2 - Jun - 2024 | 6 - Jun - 2024 | 4987.5 GBP |
|
Paris , France | 2 - Jun - 2024 | 6 - Jun - 2024 | 6700 GBP |
|
Hong Kong , Hong Kong | 2 - Jun - 2024 | 6 - Jun - 2024 | 8500 GBP |
|
Amsterdam , Netherlands | 2 - Jun - 2024 | 6 - Jun - 2024 | 8100 GBP |
|
Milan , Italy | 2 - Jun - 2024 | 6 - Jun - 2024 | 6950 GBP |
|
Bali , Indonesia | 7 - Jul - 2024 | 11 - Jul - 2024 | 8100 GBP |
|
Singapore , Singapore | 7 - Jul - 2024 | 11 - Jul - 2024 | 7500 GBP |
|
Washington , United States | 7 - Jul - 2024 | 11 - Jul - 2024 | 11000 GBP |
|
Istanbul , Turkey | 7 - Jul - 2024 | 11 - Jul - 2024 | 4700 GBP |
|
Kuala Lumpur , Malaysia | 14 - Jul - 2024 | 18 - Jul - 2024 | 4750 GBP |
|
Rome , Italy | 14 - Jul - 2024 | 18 - Jul - 2024 | 7300 GBP |
|
Barcelona , Spain | 14 - Jul - 2024 | 18 - Jul - 2024 | 6950 GBP |
|
Zurich , Switzerland | 14 - Jul - 2024 | 18 - Jul - 2024 | 7950 GBP |
|
Kuala Lumpur , Malaysia | 21 - Jul - 2024 | 25 - Jul - 2024 | 4750 GBP |
|
Rome , Italy | 21 - Jul - 2024 | 25 - Jul - 2024 | 7300 GBP |
|
Barcelona , Spain | 21 - Jul - 2024 | 25 - Jul - 2024 | 6950 GBP |
|
Zurich , Switzerland | 21 - Jul - 2024 | 25 - Jul - 2024 | 7950 GBP |
|
London , UK | 28 - Jul - 2024 | 1 - Aug - 2024 | 4950 GBP |
|
Madrid , Spain | 28 - Jul - 2024 | 1 - Aug - 2024 | 6950 GBP |
|
Munich , Germany | 28 - Jul - 2024 | 1 - Aug - 2024 | 7900 GBP |
|
Berlin , Germany | 28 - Jul - 2024 | 1 - Aug - 2024 | 7900 GBP |
|
New York , United States | 28 - Jul - 2024 | 1 - Aug - 2024 | 10900 GBP |
|
Dubai , UAE | 7 - Jul - 2024 | 11 - Jul - 2024 | 4987.5 GBP |
|
Paris , France | 7 - Jul - 2024 | 11 - Jul - 2024 | 6700 GBP |
|
Hong Kong , Hong Kong | 7 - Jul - 2024 | 11 - Jul - 2024 | 8500 GBP |
|
Amsterdam , Netherlands | 28 - Jul - 2024 | 1 - Aug - 2024 | 8100 GBP |
|
Milan , Italy | 28 - Jul - 2024 | 1 - Aug - 2024 | 6950 GBP |
|
Dubai , UAE | 4 - Aug - 2024 | 8 - Aug - 2024 | 4987.5 GBP |
|
Paris , France | 4 - Aug - 2024 | 8 - Aug - 2024 | 6700 GBP |
|
Hong Kong , Hong Kong | 4 - Aug - 2024 | 8 - Aug - 2024 | 8500 GBP |
|
Kuala Lumpur , Malaysia | 11 - Aug - 2024 | 15 - Aug - 2024 | 4750 GBP |
|
Rome , Italy | 11 - Aug - 2024 | 15 - Aug - 2024 | 7300 GBP |
|
Barcelona , Spain | 11 - Aug - 2024 | 15 - Aug - 2024 | 6950 GBP |
|
Zurich , Switzerland | 11 - Aug - 2024 | 15 - Aug - 2024 | 7950 GBP |
|
Istanbul , Turkey | 18 - Aug - 2024 | 22 - Aug - 2024 | 4700 GBP |
|
Bali , Indonesia | 18 - Aug - 2024 | 22 - Aug - 2024 | 8100 GBP |
|
Singapore , Singapore | 18 - Aug - 2024 | 22 - Aug - 2024 | 7500 GBP |
|
Washington , United States | 18 - Aug - 2024 | 22 - Aug - 2024 | 11000 GBP |
|
London , UK | 25 - Aug - 2024 | 29 - Aug - 2024 | 4950 GBP |
|
Madrid , Spain | 25 - Aug - 2024 | 29 - Aug - 2024 | 6950 GBP |
|
Munich , Germany | 25 - Aug - 2024 | 29 - Aug - 2024 | 7900 GBP |
|
Berlin , Germany | 25 - Aug - 2024 | 29 - Aug - 2024 | 7900 GBP |
|
New York , United States | 25 - Aug - 2024 | 29 - Aug - 2024 | 10900 GBP |
|
Dubai , UAE | 18 - Aug - 2024 | 22 - Aug - 2024 | 4987.5 GBP |
|
Paris , France | 18 - Aug - 2024 | 22 - Aug - 2024 | 6700 GBP |
|
Hong Kong , Hong Kong | 18 - Aug - 2024 | 22 - Aug - 2024 | 8500 GBP |
|
Dubai , UAE | 25 - Aug - 2024 | 29 - Aug - 2024 | 4987.5 GBP |
|
Paris , France | 25 - Aug - 2024 | 29 - Aug - 2024 | 6700 GBP |
|
Hong Kong , Hong Kong | 25 - Aug - 2024 | 29 - Aug - 2024 | 8500 GBP |
|
Amsterdam , Netherlands | 25 - Aug - 2024 | 29 - Aug - 2024 | 8100 GBP |
|
Milan , Italy | 25 - Aug - 2024 | 29 - Aug - 2024 | 6950 GBP |
|
Bali , Indonesia | 22 - Sep - 2024 | 26 - Sep - 2024 | 8100 GBP |
|
Singapore , Singapore | 22 - Sep - 2024 | 26 - Sep - 2024 | 7500 GBP |
|
Istanbul , Turkey | 22 - Sep - 2024 | 26 - Sep - 2024 | 4700 GBP |
|
Washington , United States | 22 - Sep - 2024 | 26 - Sep - 2024 | 11000 GBP |
|
Kuala Lumpur , Malaysia | 1 - Sep - 2024 | 5 - Sep - 2024 | 4750 GBP |
|
Rome , Italy | 1 - Sep - 2024 | 5 - Sep - 2024 | 7300 GBP |
|
Barcelona , Spain | 1 - Sep - 2024 | 5 - Sep - 2024 | 6950 GBP |
|
Zurich , Switzerland | 1 - Sep - 2024 | 5 - Sep - 2024 | 7950 GBP |
|
Dubai , UAE | 8 - Sep - 2024 | 12 - Sep - 2024 | 4987.5 GBP |
|
Paris , France | 8 - Sep - 2024 | 12 - Sep - 2024 | 6700 GBP |
|
Hong Kong , Hong Kong | 8 - Sep - 2024 | 12 - Sep - 2024 | 8500 GBP |
|
London , UK | 15 - Sep - 2024 | 19 - Sep - 2024 | 4950 GBP |
|
Madrid , Spain | 15 - Sep - 2024 | 19 - Sep - 2024 | 6950 GBP |
|
Munich , Germany | 15 - Sep - 2024 | 19 - Sep - 2024 | 7900 GBP |
|
Berlin , Germany | 15 - Sep - 2024 | 19 - Sep - 2024 | 7900 GBP |
|
New York , United States | 15 - Sep - 2024 | 19 - Sep - 2024 | 10900 GBP |
|
Dubai , UAE | 22 - Sep - 2024 | 26 - Sep - 2024 | 4987.5 GBP |
|
Paris , France | 22 - Sep - 2024 | 26 - Sep - 2024 | 6700 GBP |
|
Hong Kong , Hong Kong | 22 - Sep - 2024 | 26 - Sep - 2024 | 8500 GBP |
|
Amsterdam , Netherlands | 15 - Sep - 2024 | 19 - Sep - 2024 | 8100 GBP |
|
Milan , Italy | 15 - Sep - 2024 | 19 - Sep - 2024 | 6950 GBP |
|
Dubai , UAE | 20 - Oct - 2024 | 24 - Oct - 2024 | 4987.5 GBP |
|
Paris , France | 20 - Oct - 2024 | 24 - Oct - 2024 | 6700 GBP |
|
Hong Kong , Hong Kong | 20 - Oct - 2024 | 24 - Oct - 2024 | 8500 GBP |
|
Kuala Lumpur , Malaysia | 27 - Oct - 2024 | 31 - Oct - 2024 | 4750 GBP |
|
Rome , Italy | 27 - Oct - 2024 | 31 - Oct - 2024 | 7300 GBP |
|
Barcelona , Spain | 27 - Oct - 2024 | 31 - Oct - 2024 | 6950 GBP |
|
Zurich , Switzerland | 27 - Oct - 2024 | 31 - Oct - 2024 | 7950 GBP |
|
Istanbul , Turkey | 6 - Oct - 2024 | 10 - Oct - 2024 | 4700 GBP |
|
Bali , Indonesia | 6 - Oct - 2024 | 10 - Oct - 2024 | 8100 GBP |
|
Singapore , Singapore | 6 - Oct - 2024 | 10 - Oct - 2024 | 7500 GBP |
|
Washington , United States | 6 - Oct - 2024 | 10 - Oct - 2024 | 11000 GBP |
|
London , UK | 13 - Oct - 2024 | 17 - Oct - 2024 | 4950 GBP |
|
Madrid , Spain | 13 - Oct - 2024 | 17 - Oct - 2024 | 6950 GBP |
|
Munich , Germany | 13 - Oct - 2024 | 17 - Oct - 2024 | 7900 GBP |
|
Berlin , Germany | 13 - Oct - 2024 | 17 - Oct - 2024 | 7900 GBP |
|
New York , United States | 13 - Oct - 2024 | 17 - Oct - 2024 | 10900 GBP |
|
Dubai , UAE | 6 - Oct - 2024 | 10 - Oct - 2024 | 4987.5 GBP |
|
Paris , France | 6 - Oct - 2024 | 10 - Oct - 2024 | 6700 GBP |
|
Hong Kong , Hong Kong | 6 - Oct - 2024 | 10 - Oct - 2024 | 8500 GBP |
|
Dubai , UAE | 13 - Oct - 2024 | 17 - Oct - 2024 | 4987.5 GBP |
|
Paris , France | 13 - Oct - 2024 | 17 - Oct - 2024 | 6700 GBP |
|
Hong Kong , Hong Kong | 13 - Oct - 2024 | 17 - Oct - 2024 | 8500 GBP |
|
Amsterdam , Netherlands | 13 - Oct - 2024 | 17 - Oct - 2024 | 8100 GBP |
|
Milan , Italy | 13 - Oct - 2024 | 17 - Oct - 2024 | 6950 GBP |
|
Istanbul , Turkey | 17 - Nov - 2024 | 21 - Nov - 2024 | 4700 GBP |
|
Bali , Indonesia | 17 - Nov - 2024 | 21 - Nov - 2024 | 8100 GBP |
|
Singapore , Singapore | 17 - Nov - 2024 | 21 - Nov - 2024 | 7500 GBP |
|
Washington , United States | 17 - Nov - 2024 | 21 - Nov - 2024 | 11000 GBP |
|
Kuala Lumpur , Malaysia | 24 - Nov - 2024 | 28 - Nov - 2024 | 4750 GBP |
|
Rome , Italy | 24 - Nov - 2024 | 28 - Nov - 2024 | 7300 GBP |
|
Barcelona , Spain | 24 - Nov - 2024 | 28 - Nov - 2024 | 6950 GBP |
|
Zurich , Switzerland | 24 - Nov - 2024 | 28 - Nov - 2024 | 7950 GBP |
|
Dubai , UAE | 3 - Nov - 2024 | 7 - Nov - 2024 | 4987.5 GBP |
|
Paris , France | 3 - Nov - 2024 | 7 - Nov - 2024 | 6700 GBP |
|
Hong Kong , Hong Kong | 3 - Nov - 2024 | 7 - Nov - 2024 | 8500 GBP |
|
London , UK | 10 - Nov - 2024 | 14 - Nov - 2024 | 4950 GBP |
|
Madrid , Spain | 10 - Nov - 2024 | 14 - Nov - 2024 | 6950 GBP |
|
Munich , Germany | 10 - Nov - 2024 | 14 - Nov - 2024 | 7900 GBP |
|
Berlin , Germany | 10 - Nov - 2024 | 14 - Nov - 2024 | 7900 GBP |
|
New York , United States | 10 - Nov - 2024 | 14 - Nov - 2024 | 10900 GBP |
|
Dubai , UAE | 17 - Nov - 2024 | 21 - Nov - 2024 | 4987.5 GBP |
|
Paris , France | 17 - Nov - 2024 | 21 - Nov - 2024 | 6700 GBP |
|
Hong Kong , Hong Kong | 17 - Nov - 2024 | 21 - Nov - 2024 | 8500 GBP |
|
Amsterdam , Netherlands | 10 - Nov - 2024 | 14 - Nov - 2024 | 8100 GBP |
|
Milan , Italy | 10 - Nov - 2024 | 14 - Nov - 2024 | 6950 GBP |
|
Dubai , UAE | 15 - Dec - 2024 | 19 - Dec - 2024 | 4987.5 GBP |
|
Paris , France | 15 - Dec - 2024 | 19 - Dec - 2024 | 6700 GBP |
|
Hong Kong , Hong Kong | 15 - Dec - 2024 | 19 - Dec - 2024 | 8500 GBP |
|
Kuala Lumpur , Malaysia | 22 - Dec - 2024 | 26 - Dec - 2024 | 4750 GBP |
|
Rome , Italy | 22 - Dec - 2024 | 26 - Dec - 2024 | 7300 GBP |
|
Barcelona , Spain | 22 - Dec - 2024 | 26 - Dec - 2024 | 6950 GBP |
|
Zurich , Switzerland | 22 - Dec - 2024 | 26 - Dec - 2024 | 7950 GBP |
|
Istanbul , Turkey | 8 - Dec - 2024 | 12 - Dec - 2024 | 4700 GBP |
|
Bali , Indonesia | 8 - Dec - 2024 | 12 - Dec - 2024 | 8100 GBP |
|
Singapore , Singapore | 8 - Dec - 2024 | 12 - Dec - 2024 | 7500 GBP |
|
Washington , United States | 8 - Dec - 2024 | 12 - Dec - 2024 | 11000 GBP |
|
London , UK | 1 - Dec - 2024 | 5 - Dec - 2024 | 4950 GBP |
|
Madrid , Spain | 1 - Dec - 2024 | 5 - Dec - 2024 | 6950 GBP |
|
Munich , Germany | 1 - Dec - 2024 | 5 - Dec - 2024 | 7900 GBP |
|
Berlin , Germany | 1 - Dec - 2024 | 5 - Dec - 2024 | 7900 GBP |
|
New York , United States | 1 - Dec - 2024 | 5 - Dec - 2024 | 10900 GBP |
|
Dubai , UAE | 8 - Dec - 2024 | 12 - Dec - 2024 | 4987.5 GBP |
|
Paris , France | 8 - Dec - 2024 | 12 - Dec - 2024 | 6700 GBP |
|
Hong Kong , Hong Kong | 8 - Dec - 2024 | 12 - Dec - 2024 | 8500 GBP |
|
Dubai , UAE | 1 - Dec - 2024 | 5 - Dec - 2024 | 4987.5 GBP |
|
Paris , France | 1 - Dec - 2024 | 5 - Dec - 2024 | 6700 GBP |
|
Hong Kong , Hong Kong | 1 - Dec - 2024 | 5 - Dec - 2024 | 8500 GBP |
|
Amsterdam , Netherlands | 1 - Dec - 2024 | 5 - Dec - 2024 | 8100 GBP |
|
Milan , Italy | 1 - Dec - 2024 | 5 - Dec - 2024 | 6950 GBP |
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Course Syllabus
Objectives:
By the end of the program, participants will be able to:
- Obtain up-to-date rules covering costing and accounting for inventory, and touch base with inventory cycles from purchase to sales.
- Correctly recognize and measure inventory under International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP).
- Properly account for write-downs, write-backs and impact of change in inventory accounting policies on financial statements.
- Develop professional judgment in accounting for inventory not on hand.
- Gain knowledge of different inventory cost-flow assumptions and how they affect the company’s financial position and income statement.
- Report and disclose inventory accurately by adhering to internationally recognized conventions.
- Understand inventory cost allocation techniques and cost accounting approaches.
The Content:
Introduction to Inventory
- Current Assets and Inventory Management
- The Four Reasons for Keeping Inventory
- Inventory Cycle from Purchases to Sales:
- Ordering and Receiving
- Sales and Delivery
- Best Practices in Count Process
- Inventory Industry Types: Merchandise, Manufacturing, Construction and Real Estate
- Differences between Inventory, Fixed Assets and Investment Properties
- Understanding and Analyzing Inventory Ratios
Accounting for Inventory
- Perpetual versus Periodic Inventory Methods
- Cost Accounting versus Financial Accounting
- Cost Allocation Techniques:
- Direct Material, Direct Labor and Manufacturing Overhead
- Initial Recognition
- Cost of Purchase, Cost of Conversion and Treatment of Discounts and Rebates Received
- Measurement after Recognition
- Calculating “Net Realizable Value” (IFRS)
- Calculating Market Price Under The “Lower of Cost or Market-LCM” Method (GAAP)
- Estimating and Booking Write-Downs for Slow-Moving and Obsolete Inventory
- Accounting for Write-Backs of Impairment Under IFRS and GAAP
- Accounting for Errors Identified on Physical Count
Accounting for Inventory – Special Topics
- Accounting for Inventory Not on Hand
- On Consignment
- Goods In-Transit: Defining Inco-Terms
- Sold with Right of Return
- Sold Subject to Installation and Inspection
- Sold on a “Bill-and-Hold” Basis
- The Concept of “Inventory Credit”: Inventory Used as Collateral to Raise Finance
- Impact of Accounting Policies Changes on Financial Statements
- Inventory Required Disclosures
Inventory Cost Flow Assumptions
- First-In First-Out (FIFO) and Last-In First-Out (LIFO)
- Weighted Average (WA) and Moving Average (MA)
- Specific Identification (SID)
Inventory Estimation and Cost Accounting Approaches
- Inventory Estimation Techniques
- Gross Profit Method
- Retail Method
- Cost Accounting Approaches
- Traditional Costing versus Activity-Based Costing
- Target Costing versus Cost-Plus Pricing Method
- Standard Cost Accounting
- Throughput Accounting
- Using Excel for Efficient Analysis of Inventory
- Consolidating your Inventory Data
- Validating Data for Accuracy
- Analyzing Slow Moving and Obsolete Inventory
- Tests of Recalculating Weighted Average and Moving Average Costs
- Using Pivot Tables to Efficiently Analyze and Report on Inventory Issues
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