CPE Course Surgent's Accounting for and Auditing Inventory On-Demand Webcast

Location Webinar

Member Price $89.00
Non-member Price $119.00

Curriculum Auditing

Field of Interest

Level Beginning

Designed For

Accounting and auditing practitioners at all levels desiring to develop a detailed understanding of inventory accounting.


  • Recall the elements of inventory costing
  • Apply inventory valuation methodologies to various types of inventory
  • Determine reserve methodologies for inventory obsolescence
  • Recall issues related to consignment inventory
  • Assess risk and perform audit procedures on less complex inventories


  • Elements of inventory cost and full-absorption costing
  • Valuation methodologies, including LIFO, FIFO, weighted average, and specific identification
  • Obsolescence reserves
  • Retail inventory valuation basics
  • Physical inventory observation approach refresher
  • Accounting issues related to consigned inventory
  • Risk associated with and steps performed in auditing of inventories.



Experience in accounting


Surgent McCoy CPE, LLC

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