Accounting for Inventory

Accounting for Inventory Course Overview

Understanding accounting is crucial to becoming a world-class financial professional. As part of this, it’s important to understand how accounting choices impact comparability and profitability. In this course, we’ll cover the main ways companies account for inventory. We’ll then analyze various metrics and see how they differ based upon the inventory accounting choice.

Accounting for Inventory Learning Objectives

• Describe what’s included in inventory
• Undertake the most common ways inventory is accounted for
• Analyze companies based on the different inventory methods

Who Should Take This Course?

Accounting is the language of business, so it’s critical for finance professionals to understand how different accounting rules impact financial results. This course is best suited for intermediate learners. Professionals who have a basic grounding in accounting and want to deepen their knowledge of inventory methods. It is ideal for those who use or analyze financial statements, including investment bankers, equity research analysts, and FP&A professionals.

Advanced Preparation: 
Learners must have access to Microsoft Excel (or a compatible spreadsheet program such as Google Sheets or Excel Online) to complete the exercises and follow along with demonstrations. Familiarity with basic Excel functions is helpful but not required.