Inventory Accounting and Stocktaking
Recording stock movements, inventory valuation methods, stocktaking procedures and handling differences.
Course contents
- 1The stores document cycle
- 2Inventory valuation methods
- 3Periodic and perpetual stocktaking
- 4Handling stock differences
- 5Inventory reports
What you gain from the course
You can control stock movements in the books, carry out a stocktake and deal with the differences.
Other courses in the same track
Intermediate level
Practical Cost Accounting
Classifying costs, allocating them to products and projects, and calculating unit cost and break-even.
Management Accounting and Budgeting
Building budgets, analysing variances, and providing information that supports management decisions.
Payroll Accounting
Calculating wages, allowances and deductions, leave and end-of-service entitlements, and their journal entries.
Tax Accounting and VAT
The accounting treatment of taxes, calculating VAT, and preparing returns.