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Inventory Accounting Course

By: Tom Associates Training  

Lagos State, Nigeria

02 - 03 Dec, 2021  2 day

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NGN 110,000

Venue: 5/7 Alade Lawal Street, Off Ikorodu Road, Anthony Village, Lagos.

The course looks at aspects of accounting that deals with valuing and recording changes in inventoried assets. These changes in value can occur for various reasons including depreciation, deterioration, obsolescence, change in demand, supply, etc.

Course Contents

Day One

  • Inventory Accounting
    • A merchandise organization’s balance sheet
    • A service organization’s balance sheet
  • Recording Sales
    • Sales invoice
    • Sales revenue
  • Sales Returns
  • Sales Allowances
  • Inventory Systems
    • Perpetual system
    • Periodic system

Day Two

  • Recording Purchases
    • Freight-in merchandise purchase
    • FOB shipping point
    • FOB destination
  • Returns and Allowances
  • Cost of Goods
    • Cost of goods available
    • Cost of goods sold
  • Financial Statement with Inventory
  • Inventory Adjustments
5/7 Alade Lawal Street, Off Ikorodu Road, Anthony Village, Lagos. Dec 02 - 03 Dec, 2021

Registration: 09:00:am - 04:00:am

NGN 110,000.00(VAT Inclusive)
(Convert Currency)

Mr Abiodun Toki 08033019120

Discount of 5% to 3-4 participants from same organization. Discount of 10% to 5 or more participants from same organization.

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