Inventory Accounting Operations Course
Gain mastery in inventory accounting operations through practical training in FIFO, COGS calculations, VAT handling, reconciliations, and stock controls. Develop skills to analyse key performance indicators, prevent errors and fraud, and generate precise, audit-ready inventory reports to enhance organisational decision-making.
4 to 360 hours of flexible workload
certificate valid in your country
What Will I Learn?
Acquire practical expertise in inventory accounting operations, including valuing stock with FIFO, maintaining precise perpetual records, and managing returns and discrepancies confidently. Master posting VAT-compliant entries, computing accurate unit costs and COGS, conducting efficient stock counts, implementing strong internal controls, and producing insightful month-end reports to boost inventory efficiency and informed decision-making.
Elevify Advantages
Develop Skills
- Track inventory KPIs and reporting including turnover, margins, and days on hand efficiently.
- Master perpetual FIFO by building stock cards, layers, and calculating accurate COGS swiftly.
- Post VAT-ready inventory entries for purchases, sales, returns, and stock losses accurately.
- Implement stock control procedures to conduct counts, reconcile ledgers, and resolve variances promptly.
- Ensure fraud-safe documentation by verifying invoices, delivery notes, and returns with robust controls.
Suggested Summary
Before starting, you can change the chapters and the workload. Choose which chapter to start with. Add or remove chapters. Increase or decrease the course workload.What our students say
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