شركة ماتيريال درايف مقرها الرئيسي في المملكة المتحدة – لندن وبفرع مستحدث لها في المملكة العربية السعودية بالرياض حيث مهمتنا تلبية الحاجات التدريبية في الشرق الأوسط بحقائب تدريبية باللغة العربية تم تصميمها من قبل خبرات أكاديمية ومهنية.
Whether you are a trader, an industrialist, a contractor or a service provider, inventory has a significant impact on net income and on the balance sheet.At this session, participants will be guided step-by-step on best practices in the procurement process, direct and indirect costs and production costs, and comparison of cost-flow assumptions such as FIFO and LIFO, weighted average cost and their impact on the financial sector and the actual number of goods.We will discuss the importance of accurate figures that reflect the net realizable value during inventory, the use of Excel and Pivot tables to analyze inventory balances, calculate obsolete inventories and simulate calculations for the weighted average cost.
What Will I Learn?
Include the different types and reasons for inventory and build a total inventory cycle from purchase to sale
Clarify the difference between continuous and periodic inventory methods and assess techniques for allocating inventory cost and recognition correctly
Inventory measurement under International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP)
Explanation of the importance of written and retrospective writing and the impact of change in the accounting policies of inventories on the financial statements
Applying the professional judiciary in the field of accounting for non-company stock
Categorize various cost flow assumptions and describe their impact on the company's financial position and income statement
Identify different methods of cost accounting
Use Excel and Pivot tables and techniques to analyze inventories and calculate the weighted average cost