Accounting for Inventory Course Overview
Understanding accounting is crucial to becoming a world-class financial professional. As part of this, it’s important to understand how accounting choices impact comparability and profitability. In this course, we’ll cover the main ways companies account for inventory. We’ll then analyze various metrics and see how they differ based upon the inventory accounting choice.
Accounting for Inventory Learning Objectives
Upon completing this course, you will be able to:- Which costs are included in inventory and which should be excluded.
- Discuss the main inventory accounting methodologies.
- Analysis of margins and ratios between the FIFO and LIFO methods.
- Converting the LIFO method to FIFO.
- Understand how a LIFO liquidation may occur.
Who Should Take This Course?
Accounting is the language of business so it’s critical for finance professionals to have a solid understanding of different accounting rules since these differences can lead to different financial results. This course is perfect for anyone that uses financial statements, including investment bankers, equity research analysts, and financial planning and analysis (FP&A) professionals.
