Udemy - Inventory Valuation

COURSE DESCRIPTION

Welcome to this course on Inventory Valuation.

Every business involved in manufacture / trade of products will carry some inventories regularly.

Inventory may be in the form of goods held for sale in the ordinary course of Business;

Inventory may be in the process of production for such sale, or

It may be in the form or materials or supplies to be consumed in the production process or in the rending of services. 

 

It becomes essential to value to these inventories to know

a) Income earned;

b) Financial Position;

c) Liquidity Position;

d) Compliance with statutory requirements.

 

Then a question would arise, How to Value the Inventory? Should it be valued at Cost or Market Price or Net Realisable Value? To answer all these, Knowledge on Inventory Valuation is essential for Entrepreneurs, Accountants / Finance Managers, Auditors, etc.

 

Inventory Valuation plays significant role in presenting Financial Statements in a True and Fair Form.

 

By taking this course, you will be learning

a) What is Inventory?

b) Significance of Inventory Valuation.

c) Measurement / Valuation of Inventory.

d) Cost of Inventory

e) Cost of Purchase

f) Cost of Conversion

g) Net Realisable Value

h) Techniques for Inventory Valuation

I) Specific Identification of Cost

j) First In First Out Method of Inventory Valuation

k) Last In First Out Method of Inventory Valuation

l) Simple Average Price Method

m) Weighted Average Price Method

n) Retail Method or Adjusted Selling Price Method.

 

This course is structured in self learning pace style.

This course has video lectures explaining each and every topic discussed above with writings on black/green board.

 

Simple English and casual presentation has been used for this course.

Few case studies were also discussed to appreciate the theory concepts.

 

Take this course to gain clarity on the basics of Inventory, Inventory Valuation and Techniques of Inventory Valuation.

Udemy Coupon Code : https://www.udemy.com/inventory-valuation/?couponCode=NYGIFT