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| Valuing a Work in Process Inventory(140307_N) |
Course CPE: 1 hour
Field(s) of Study: Accounting–1 hr
Program Level: Basic
Prerequisites: Previous training or experience with the fundamentals of accounting, finance, economics, and business writing. These individuals are often at the staff or entry level in organizations, although such programs may also benefit a seasoned professional with limited exposure to the area.
Advanced Preparation: None
Delivery Method: Self-Study
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Number: 14PEP0307
Shipping Weight: 0lbs. 0oz. |
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$99.00 |
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Recording Date: March 7, 2014
Presenter: Maurie Cashman
Program Description:
This webinar is a review of two case studies which the presenter has personally been involved in that included one, inventories of livestock and produce products and, two, employed accounting systems that did not include all costs and, therefore, needed to be adjusted in a sale process. The webinar will include how to identify the problem and present solutions to be adopted.
After completing this course, you will be able to:
- Identify difficulties in financing work in process inventories, particularly live inventory
- Identify situations in which adjustments to work in process inventories are necessary
- Recognize items to review for addition to work in process inventories
- Differentiate between work in process inventories and finished goods inventories
- Recognize items that should be adjusted in financial statements to create an accurate inventory
For more information regarding refund or concerns, please contact our offices at (800) 677-2009.
The Consultants’ Training Institute (CTI) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. |
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