In this segment on Working Capital Management,a section is solely dedicated to the topic on Inventory.
Append are some articles in my other accounting blog to enhance some basic knowledge on inventory:
(1) What is stock and why do we hold stock?
(2) Purchases of Stocks And Its Associated Costs
(3) What is Cost of Goods Sold And Methodology
(4) Various types of Stock Valuation
(5) Selection of the best stock valuation method
(6) Difference between Periodic Inventory System &Perpetual Inventory System
(8) Stock Control -Introduction ,Terms Used,etc
(9) Stock Control –Objectives &‘Type of Control Systems
(10) Stock Control –Re-Order Level System
(11) What are the Costs Of Holding Inventory?
(12) Perpetual Inventory System &Type Of Physical Stocktaking
(13) Effect of Incorrect Stock Valuation &its effect on Income Statement &Subsequent Period
(15) Accounting Rule on Valuation Stock At The Lower of Cost &Net Realizable Value
(16) Different methods of creating Stock provision or Stock Obsolescence
(17) Accounting treatment for Increase or (Decrease) of Provision for Stock Provision/Obsolescence
- Test Your Knowledge On Inventory Management?
- Which Stock Costing Methodology Is The Most Appropriate?
- How To Use Days Inventory Outstanding (DIO) for Better Stock Management
- Introduction and Benefits/Advantages of Activity-Based-Costing System (ABC)
- Radio Frequency Identification System (RFID) for Inventory Control
- Outsourcing:Introduction,the Pros &Cons and Planning Ahead
- Financial Accounting Workflow:Two Ways To handle Provisioning or Accruals
FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach.
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