Inventory Accounting and Costing Techniques

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  • Start Date

    20 Oct, 2020

  • End Date

    23 Oct, 2020

  • Price


  • WiFi

    Free wifi available

Event Details

By the end of the workshop, participants will able to:

- Properly account for write-downs, write backs and impact of changes including accounting policies in  financials

- Report and disclose inventory accurately by adhering to internationally recognized conventions.

- Understand inventory cost allocation techniques and cost accounting approaches.



Introduction to Inventory

- Current assets and inventory management

- Reasons for keeping inventory

- Inventory cycle from purchases to sales

- Understanding and analyzing inventory ratios


Accounting for Inventory

- Inventory flow from balance sheet to income statement

- Perpetual vs periodic inventory method

- Measurement after recognition

- Accounting for inventory

- Inventory cost flow assumptions

- Inventory required disclosures

- Inventory estimation techniques


Inventory Costing Techniques

- Cost accounting versus financial accounting

- Cost allocation techniques

- Initial  recognition


Cost Accounting Approaches

- Standard cost accounting

- Activity-based costing (ABC)

- Life cycle accounting

- Thruput accounting

- Lean accounting


FOR WHOM: Accountants, Auditors and other Financial Managers in both the Public and Private Sectors.



The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.



1ST BATCH: 12th – 15th May, 2020

2ND BATCH: 20th – 23rd October, 2020

Other Dates

Start Date End Date
12 May, 2020 15 May, 2020
Start Date End Date
20 Oct, 2020 23 Oct, 2020
  • Venue

    Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor), Yaba Lagos.

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