The Controller Function - Inventory Part 2 - Valuation, Inventory Methods and Inventory Fraud

Overview

This course is one of the courses dedicated to our Controllership Series. This series of courses is dedicated to exploring the traditional controller role and stepping out of the box to identify areas where the controller can continue to add strategic value to their organizations. Within this segment of our controllership series, we continue our discussion on inventory from segment one. This specific segment focuses on areas of inventory valuation, the types of physical inventory methods, and inventory fraud. These areas are critical for the controller to have a strong comprehension of and also participate in the development of policies and procedures.

 

Prerequisites

None

Objectives

• Explore and examine inventory valuation
• Identify methods for inventory tracking and physical inventory procedures
• Discover and discuss fraud inventory controls

Highlights

• Accounting
• Finance
• Procurement
• Inventory