Inventory   

Course Details

This course covers the accounting and reporting requirements for Inventory in accordance with ASC Topic 330: Inventories. The principles of inventory, including classification, cost inclusions, measurement of inventory, exchanges and presentation/disclosures in the financial statements, are touched upon in this course.

By the end of this course, participants should be able to:

• recall the various classifications of inventory
• determine what costs should be included for both purchased and/or manufactured inventory
• identify the inventory measurement principles
• recall the accounting for inventory exchanges
• apply the appropriate measurement and accounting requirements to inventory.

DISCLAIMER: The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.

For technical and/or regulatory updates, please subscribe to Financial Reporting View for the latest insights.

Keywords: ASC Topic 330: Inventories, ASC Topic 330, Inventory

Other Details

NASBA Delivery Type: Self-Study

Advance Preparation: There is no advance preparation for this course.