Inventory Accounting And Costing Course in Christchurch

Home

Courses

Accounting Courses

Inventory Accounting and Costing Course

Christchurch

Learn to track and value inventory for better financial management
Understand costing techniques to optimise pricing and profit margins
Advance your career with this Inventory Accounting and Costing Course

Dates & Prices Dates & Prices

Course information

Inventory Accounting and Costing Training Course Outline

Module 1: Introduction to Inventory Accounting

Overview and Importance
- Definition and Scope of Inventory Accounting
- Role of Inventory in Financial Reporting
Types of Inventories
- Raw Materials, Work-in-Progress, Finished Goods
- Classification and Valuation

Module 2: Inventory Valuation Methods

First-In, First-Out (FIFO)
- Advantages and Disadvantages
- Impact on Financial Statements
Last-In, First-Out (LIFO)
- Advantages and Disadvantages
- Impact on Financial Statements
Weighted Average Cost
- Calculation Method
- Pros and Cons

Module 3: Costing Methods in Inventory Accounting

Absorption Costing
- Definition and Application
- Impact on Financial Reporting
Variable Costing
- Definition and Application
- Comparison with Absorption Costing
Standard Costing
- Setting Standards
- Variance Analysis

Module 4: Financial Reporting and Tax Implications

Inventory in Financial Statements
- Presentation on Balance Sheet and Income Statement
- Impact on Cash Flow Statement
Tax Implications
- Tax Treatment of Different Valuation Methods
- Impact on Taxable Income

Who should attend this Inventory Accounting and Costing Course

This Inventory Accounting and Costing Training is ideal for professionals seeking to gain a thorough understanding of inventory accounting principles and costing methods. It's beneficial for a wide range of professionals, including:

Inventory Accountants
Cost Accountants
Financial Analysts
Supply Chain Managers
Procurement Managers
Inventory Managers
Warehouse Managers
Production Managers

Prerequisites of the Inventory Accounting and Costing Course

There are no formal prerequisites to attend the Inventory Accounting and Costing Training. However, having a grasp on accounting and mathematics is beneficial.

Inventory Accounting and Costing Training Course Overview

The Inventory Accounting and Costing Training Course is designed to provide a thorough understanding of the principles and practices involved in managing inventory costs and accounting. This course covers essential topics such as inventory valuation, cost flow assumptions, and the impact of inventory on financial statements.

This course is valuable for Accountants, Financial Analysts, and Inventory Managers responsible for tracking inventory costs and ensuring accurate financial records. Understanding these principles helps professionals maintain precise inventory valuations, optimise cost control, and support overall financial health.

The Knowledge Academy’s 1-day Inventory Accounting and Costing Course offers essential training on the key concepts and techniques used in inventory accounting. Participants will learn about various inventory valuation methods, cost flow assumptions, and how inventory impacts financial reporting. Through practical exercises and expert instruction, delegates will develop the skills to manage inventory costs effectively and ensure accurate financial statements.

Course Objectives

To introduce the fundamentals of inventory accounting and costing
To understand various inventory valuation methods and their applications
To learn cost flow assumptions and their impact on financial statements
To explore techniques for managing and optimising inventory costs
To develop skills in preparing accurate inventory-related financial reports
To prepare delegates for applying inventory accounting principles in their roles

Upon completing the Inventory Accounting and Costing Training, delegates will have the knowledge and skills to manage inventory costs effectively, ensure accurate financial reporting, and contribute to their organisation’s financial efficiency, enhancing their professional capabilities and career prospects.

What’s included in this Inventory Accounting and Costing Course?

World-class Training Sessions from Experienced Instructors
Inventory Accounting and Costing Certificate
Digital Delegate Pack

Why choose us

Our Christchurch venue

Includes..

Free Wi-Fi

To make sure you’re always connected we offer completely free and easy to access wi-fi.

Air conditioned

To keep you comfortable during your course we offer a fully air conditioned environment.

Full IT support

IT support is on hand to sort out any unforseen issues that may arise.

Video equipment

This location has full video conferencing equipment.

Christchurch is the largest city in the south island of New Zealand and has a population of around 350,000. Christchurch has several educational institutes including primary, secondary, college and Universities. Christchurch is home to Burnside High School which is the fourth largest school in New Zealand, and houses over 2,500 students. Cashmere High School is also another large secondary school. Another secondary school of similar size is Papanui High School. Christchurch is very well known for its traditional schools, for example, St Thomas of Canterbury College and St Andrew’s College. Christchurch has a number of Universities and Institutes located in or around the city. The University of Canterbury is New Zealand’s second oldest University. The University was founded in 1873 and became the second institution in New Zealand to offer tertiary level education. The University of Canterbury offers degrees in various departments such as, Social Work, Fine Arts, Education and Sports Coaching. The University currently has around 14,900 students in attendance, with 10,000 undergraduates and 2000 post graduates. Another institute located in Christchurch is the Christchurch Polytechnic Institute of Technology which provides students with full and part time education in technologies and trade. Christchurch Polytechnic Institute of Technology is the largest institute on the island to offer Applied Sciences. The University has around 25,000 full and part time students in attendance. The University offers degrees in departments such as: Music Arts, Nursing, Applied Science and Information Technology. The University Of Otago Christchurch School Of Medicine is also located in Christchurch and is one of three schools that make up the University of Otago and is primarily based at Christchurch Hospital. The University of Otago Christchurch School Of Medicine was established in 1924 and became a clinical school in 1973. The school is linked with the University Of Otago Dunedin School Of Medicine, where students can choose to study their final year there.

Address

Pavilions Hotel Church
42 Papanui Rd
Merivale
Christchurch
8014

T: +64 98874342

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Inventory Accounting And Costing Course in Christchurch. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.

Learn more in our FAQs

Unlock your potential with The Knowledge Academy's Inventory Accounting And Costing Course in Christchurch, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.

Learn more in our FAQs

Experience the most sought-after learning style with The Knowledge Academy's Inventory Accounting And Costing Course in Christchurch. Available in 490+ locations across 190+ countries, our hand-picked Classroom venues offer an invaluable human touch. Immerse yourself in a comprehensive, interactive experience with our expert-led Inventory Accounting And Costing Course in Christchurch sessions.

Highly experienced trainers

Boost your skills with our expert trainers, boasting 10+ years of real-world experience, ensuring an engaging and informative training experience

State of the art training venues

We only use the highest standard of learning facilities to make sure your experience is as comfortable and distraction-free as possible

Small class sizes

Our Classroom courses with limited class sizes foster discussions and provide a personalised, interactive learning environment

Great value for money

Achieve certification without breaking the bank. Find a lower price elsewhere? We'll match it to guarantee you the best value

Learn more in our FAQs

Streamline large-scale training requirements with The Knowledge Academy's In-house/Onsite at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.

Tailored learning experience

Leverage benefits offered from a certification that fits your unique business or project needs

Maximise your training budget

Cut unnecessary costs and focus your entire budget on what really matters, the training.

Team building opportunity

Our offers a unique chance for your team to bond and engage in discussions, enriching the learning experience beyond traditional classroom settings

Monitor employees progress

The course know-how will help you track and evaluate your employees' progression and performance with relative ease

Learn more in our FAQs

What our customers are saying

Inventory Accounting And Costing Course in Christchurch FAQs

What is this Inventory Accounting and Costing Course?

This course teaches managing, recording, and analysing inventory costs, focusing on methodologies like FIFO, LIFO, and weighted average costing.

What are the benefits of taking this Inventory Accounting and Costing Training?

Benefits include enhanced skills in inventory management, accurate financial reporting, improved decision-making, and better career prospects in accounting and finance roles.

Are there any prerequisites for taking this Inventory Accounting and Costing Training?

There are no formal prerequisites for taking this Inventory Accounting and Costing Certification Training.

What's included in this Inventory Accounting and Costing Course?

Upon successful completion of the course, you’ll receive comprehensive study materials, practical exercises, real-world case studies, and a certification.

What is the duration of this Inventory Accounting and Costing Course?

The duration of this Inventory Accounting and Costing Certification Course spans 1 day.

What is the cost/training fees for Inventory Accounting and Costing Course in Christchurch?

The training fees for Inventory Accounting and Costing Coursein Christchurch starts from NZD2495

Which is the best training institute/provider of Inventory Accounting and Costing Course in Christchurch?

The Knowledge Academy is the Leading global training provider for Inventory Accounting and Costing Course.

What are the best Accounting Courses courses in Christchurch?

Please see our Accounting Courses courses available in Christchurch

Why choose us

Best price in the industry

You won't find better value in the marketplace. If you do find a lower price, we will beat it.

Many delivery methods

Flexible delivery methods are available depending on your learning style.

High quality resources

Resources are included for a comprehensive learning experience.

"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"

Joshua Davies, Thames Water

Looking for more information on Accounting Courses?

Back to course information

Upcoming classes
Package deals

Get a custom course package

We may not have any package deals available including this course. If you enquire or give us a call on +64 98874342 and speak to our training experts, we should be able to help you with your requirements.

Book now