Inventory Accounting: GAAP, Software and Variance Recognition

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Description

Inventory Accounting: GAAP, Software and Variance Recognition

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Need to strengthen your inventory accounting skills?  This session will help you get there quickly!  The session focuses on the basics: inventory GAAP, inventory software, and methods for dealing with variances. Join inventory accounting veteran John L. Daly for this informative session.

Basic Course Information

Learning Objectives

  • Understand the basics of these inventory issues:  
    • GAAP  
    • Software  
    • Variance recognition

 

Major Subjects

  • GAAP/IFRS for inventory
  • Understanding Inventory software

–   Inventory master files

–   Bill of Materials (BOM)

–   Indented Bill of Materials

–   Routings

  • Variance recognition
  • Keeping costs current

John L. Daly, MBA, CPA, CMA, CPIM, is a Chelsea, Michigan-based management consultant specializing in costing, pricing strategy and pricing model development.  He has taught continuing professional education courses since 1995 and began doing ethics seminars two weeks before the Enron scandal.  John has been CFO for a Tier 1 automotive parts supplier and a large restaurant chain and COO for a window treatments manufacturer and retailer.  He is the author of “Pricing for Profitability”, published by Wiley and Sons and a novel, “Tool & Die”.

 

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Inventory Accounting: GAAP, Software and Variance Recognition

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