Nothing brings on the gray hair like the inability to tie out your inventory costs to your G/L. The good news is, most of the common issues with incorrect costs hitting your books are easily fixable if not avoidable. Let’s walk through those painful stories and ensure you know what to look for and how to fix the common, and not so common issues, to make your next inventory rec much more enjoyable (well, at least not painful).

Class topics

• Common Causes of Imbalances
• Detecting Issues
• Correcting Imbalances
• Preventing Issues

Who Should Attend?

Controllers, Staff Accountants, or other team members responsible for ensuring inventory ties out cleanly and easily.

Learning Objectives:

At the end of this class, participants will be able to:

• Identify common inventory reconciliation issues
• Identify inventory reconciliation best practices and process improvements for their company
• Explain common resolutions for inventory reconciliation issues

Field of Study: Accounting

Program Level: Intermediate

Prerequisites: None

Advanced Preparation: Each student will receive via email connection instructions to their individual virtual classroom link and hands-on practice environment shortly before class. Connections to both resources should be tested before class. We recommend using a second monitor while attending class.

Delivery Method: Group Internet-based

CPE Credits: By participating in this class, you are eligible to earn up to 4 CPE credits which will be distributed following class completion. In order to be awarded the full credit hours, you must notify your instructor of your intention to request credit before the start of the first class. To receive CPE credit, you must be present and actively engaged, which will be verified using polling questions and other means. You will not receive CPE credit for any portion of the class that you do not appear fully engaged.

Version: This class is taught in Microsoft Dynamics 365 Business Central.

Learning environment: As experienced trainers of adult learners, we understand how to make training “stick”.  We use proven practices to make sure you retain what you learn and are fully equipped to immediately apply what you discovered in class. Each day, you will spend more than 50% of your time doing hands-on exercises in our simulated learning environment.

Refund and Cancellation Policy: Please refer to our Refund and Cancellation policy here.