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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.

Below courses are currently available on the site:

  • The Controllership Series: The Controller Function - Elevating the Role
  • The Controllership Series: The Controller Function - Strategic and Annual Planning
  • The Controllership Series: The Controller Function - Cash and Investments
  • The Controllership Series: The Controller Function - Inventory Process Part 1
  • The Controllership Series: The Controller Function - Inventory Process Part 2
  • The Controllership Series: Financial Statement Preparation and Presentation

Learning Objectives

  • Explore and examine inventory valuation.
  • Identify methods for inventory tracking and physical inventory procedures.
  • Discover and discuss fraud inventory controls.
Last updated/reviewed: July 07, 2021

Prerequisites

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  1:27Introduction to The Controller Function - Inventory Part 2
  14:15Inventory Valuation
  12:02Physical Inventory
  18:50Physical Inventory Procedures
  12:08Inventory Control Procedures
  15:50Inventory Fraud
  1:15Summary
CONTINUOUS PLAY
  1:15:47The Controller Function - Inventory Part 2
SUPPORTING MATERIAL
  PDFSlides: The Controller Function - Inventory Part 2
  PDFThe Controller Function - Inventory Part 2 Glossary/ Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM