))
Episode 39 - Inventory Management
Manage episode 333074626 series 3328148
Content provided by Marie Torossian CPA. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Marie Torossian CPA or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this week's episode, we talked about Inventory Management.
- What is inventory management?
- Why do you need to consider inventory management policies?
- What are the accounting & policy guidelines for inventory?
a. Cost methodologies: FIFO, LIFO, & Weighted Average
b. Inventory Accounting Systems: Periodic vs. Perpetual
c. Optimum Inventory Levels
d. Quality Control Procedures
e. Issuing and accounting for samples
f. Inventory Count
g. Disposals, Scrap & Shrinkage
If you enjoyed this episode, Subscribe/Follow, Like and share so that more business owners can benefit from this knowledge!
Do you have a question?
Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes.
Gratefully,
Marie
55 episodes
Share
