Inventory Accounting and Costing

Inventory represents a significant asset in many organisations and directly influences profitability, cash flow, and financial reporting accuracy. Weak inventory valuation methods or inadequate control procedures can distort financial results and reduce operational efficiency. A structured understanding of inventory accounting and costing is therefore essential for maintaining financial integrity and optimising working capital.

The Inventory Accounting and Costing course by LPC Training equips participants with the technical knowledge required to measure, value, and control inventory in line with recognised accounting standards. Over five focused days, participants explore IFRS-based valuation principles, costing methods, inventory systems, overhead allocation techniques, and financial reporting requirements.

This course focuses on practical inventory management and financial reporting environments. Participants will examine inventory adjustments, performance ratio analysis, and optimisation frameworks such as EOQ and Just-in-Time. By the end of the programme, participants will be able to apply compliant valuation methods, improve inventory control processes, and enhance financial transparency.