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

• First In First Out Method
• Last In First Out Method
• Weighted Average Method

(5) Selection of the best stock valuation method

(6) Difference between Periodic Inventory System & Perpetual Inventory System

(7) Accounting for stock loss

(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

(14) The Importance of Correct Valuation Of Stock - Effect of Gross Margin, Net Income, Asset Valuation & Capital

(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

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