Certificate in Purchasing & Inventory Accounting and Costing


Certificate in Purchasing & Inventory Accounting and Costing

This hands-on extensive training program is a step-by-step guide to the purchasing process, the earmarking of direct costs, indirect costs and production costs. Also, it allows participants to compare between the various cost flow assumptions, such as LIFO, FIFO and weighted average cost along with their effect on the financial and the physical counting of products. The course will introduce learners to efficient cost accounting methods and explain how to develop accurate inventory figures matching the net realisable value, simulate calculations of weighted average cost, calculate values of obsolete inventory, and analyse inventory balances.

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