Episode 39 - Inventory Management

In this week's episode, we talked about Inventory Management. 

1. What is inventory management?
2. Why do you need to consider inventory management policies?
3. What are the accounting & policy guidelines for inventory? 

             a. Cost methodologies: FIFO, LIFO, & Weighted Average 

             b. Inventory Accounting Systems: Periodic vs. Perpetual 

             c. Optimum Inventory Levels 

             d. Quality Control Procedures 

             e. Issuing and accounting for samples 

             f. Inventory Count  

             g. Disposals, Scrap & Shrinkage 

If you enjoyed this episode, Subscribe/Follow, Like and share so that more business owners can benefit from this knowledge!  

Do you have a question?  

Email your questions to marie@marietorossiancpa.com and we will answer your questions in the upcoming episodes. 

Gratefully, 

Marie  

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