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Accounting Inventory Valuation (College Level)

Covers all about inventory and the significance of inventory valuation. Also teaches valuation techniques. Helpful for CA / CS / CMA / CFA / CPA / CIMA students Video Course By Ca Raja Natarajan
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Students Enrolled: 0 Total Lecturs: 16
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What will I learn from this course?

  • Understand What is Inventory
  • Understand Significance of Inventory Valuation
  • Understand How to Value Inventory
  • Understand Techniques of Inventory Valuation

Requirements

  • Students can approach the course with fresh mind
  • No Prior Knowledge is required

Who is the target audience?

  • Anyone who is interested in knowing about Inventory Valuation
  • Entrepreneurs
  • CA / CS / CMA / CFA / CPA / CIMA Students
  • Finance Managers

Course Curriculum

Total: 16 lectures

  • 3m 12s

    Introduction to Inventory

  • 5m 39s

    Significance of Inventory Valuation Preview

  • 3m 28s

    Valuation of Inventory

  • 7m 54s

    Components of Cost

  • 2m 55s

    Exclusion from Cost

  • 2m 38s

    Net Realisable Value

  • 2m 50s

    Techniques for Inventory Valuation Preview

  • 3m 14s

    Specific Identification Method

  • 6m 07s

    FIFO Method of Valuation

  • 7m 44s

    LIFO Method of Valuation

  • 9m 17s

    Case Study for FIFO Method

  • 3m 24s

    Simple Average Price Method

  • 2m 47s

    Weighted Average Price Method

  • 6m 55s

    Case Study on Simple Average and Weighted Average Method

  • 5m 54s

    Retail or Adjusted Selling Price Method

  • 5m 44s

    Case Study on Retail or Adjusted Selling Price Method

Description

Welcome to this course on Accounting Inventory Valuation

Every business involved in manufacture/trade of products will carry some inventories regularly. Inventory may be in the form of goods held for sale in the ordinary course of Business or inventory may be in the process of production for such sale, or It may be in the form or materials or supplies to be consumed in the production process or in the rending of services. It becomes essential to value to these inventories to know the following.

  • Income earned
  • Financial Position
  • Liquidity Position
  • Compliance with statutory requirements

The other questions that arises are How to Value the Inventory? Should it be valued at Cost or Market Price or Net Realizable Value? To answer all these, Knowledge on Inventory Valuation is essential for Entrepreneurs, Accountants / Finance Managers, Auditors, etc.

Inventory Valuation plays significant role in presenting Financial Statements in a True and Fair Form.

By taking this course, you will be learning

  • What is Inventory?
  • Significance of Inventory Valuation.
  • Measurement / Valuation of Inventory
  • Cost of Inventory
  • Cost of Purchase
  • Cost of Conversion
  • Net Realizable Value
  • Techniques for Inventory Valuation
  • Specific Identification of Cost
  • First In First Out Method of Inventory Valuation
  • Last In First Out Method of Inventory Valuation
  • Simple Average Price Method
  • Weighted Average Price Method
  • Retail Method or Adjusted Selling Price Method.
  • This course is structured in self learning pace style.
  • This course has video lectures explaining each and every topic discussed above with writings on black/green board.

Simple English and casual presentation has been used for this course. Few case studies were also discussed to appreciate the theory concepts.

Take this course to gain clarity on the basics of Inventory, Inventory Valuation and Techniques of Inventory Valuation.

About Tutor

  • Tutor: Ca Raja Natarajan
  • Tests Packages: 9
  • Students: 11
4.4

I am a practicing Chartered Accountant with tonnes of passion for teaching.

I teach Financial Management & Strategic Financial Management for Chartered Accountancy, Cost and Management Accountancy and Company Secretary students in Ernakulam, India. I also hold Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune and Bachelors in Commerce, from Loyola College, Chennai.

I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice. During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in Financial Analysis, Risk Assessment, Viability Study, Evaluating business models, Project Finance, Working Capital Management, etc.

I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like Project Finance, Credit Risk Assessment, Entrepreneurship Development, Finance for Non Finance Executives, etc.

I love teaching and i want fundamentals of accounting and finance to reach students and so i am here.

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