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Best Practices for Stock Reconciliation Workshop

By: Alpha Partners

Lagos State, Nigeria

16 - 19 Oct, 2018  4 days

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NGN 120,000

Stock reconciliation is an underappreciated yet critical control that helps ensure an organization’s stock integrity. Weaknesses and inefficiencies in the reconciliation process often lead to mistakes on the balance sheet and overall inaccuracies in the financial close. By the end of this workshop, participants will learn best practice in stock reconciliation, reconciliation policy and documentation supporting the account balance.

Content

Stock Reconciliation Introduction

  • Reconciliation definition
  • Reconciliation policy
  • Reconciliation included in a title and description of the account
  • Documentation
  • Reconciliation objectives

Stock Reconciliation Process

  • Correction of the errors
  • Balance sheet reconciliation
  • Tracking the status of reconciliation

Stock Reconciliations

  • Stock reconciliations principles
  • Historical cost, matching and full disclosure
  • Stock coding
  • Identification and classification

Stock Issuing

  • Picking and checking
  • Reconciling
  • Delivering

Inventory Management

  • Stock control
  • Out of stock cost
  • Why holding stock

For Whom: Stores, Purchasing and Logistics Personnel in the Public and Private Sectors.

Training Methodology

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.

 

Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor) Opposite Adekunle BRT Bus-stop, Yaba, Lagos. Oct 16 - 19 Oct, 2018
NGN 120,000.00(The workshop fee is N120,000.00 (One Hundred and Twenty Thousand Naira) only per participant to cover workshop literature and materials, executive bag, tea/coffee, lunch, photograph and certificate.)
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Chris Onwuasigwe, FCA 08033045484

3-5 Participants – 5% Discount allowed 5 and above number of Participants – 10% Discount allowed
A distinguished team of facilitators who are eminently qualified professionals has been assembled to lead discussions in course of the workshop.
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