Inventory Accounting and Costing Techniques Course
Course Overview
By the end of the workshop, participants will able to:
– Properly account for write-downs, write backs and impact of changes including accounting policies in financials
– Report and disclose inventory accurately by adhering to internationally recognized conventions.
– Understand inventory cost allocation techniques and cost accounting approaches.
Training Format:In-class, Virtual, In-house
Location:Lagos, Accra, Nairobi, Kigali
Language:English, French
Nigeria Price:
₦30000
Int'l., (Nigeria) Price:
$1000
Ghana Price:
$4000
Kenya Price:
$5500
Rwanda Price:
$6000
Nigeria Price:₦30000
Int'l., (Nigeria) Price:
$1000
Ghana Price:
$4000
Kenya Price:
$4000
Rwanda Price:
$4000
Nigeria Price: ₦30000
Int'l., (Nigeria) Price:
$1000
Ghana Price: $4000
Kenya Price: $4000
Rwanda Price: $4000
Introduction to Inventory
– Current assets and inventory management
– Reasons for keeping inventory
– Inventory cycle from purchases to sales
– Understanding and analyzing inventory ratios
Accounting for Inventory
– Inventory flow from balance sheet to income statement
– Perpetual vs periodic inventory method
– Measurement after recognition
– Accounting for inventory
– Inventory cost flow assumptions
– Inventory required disclosures
– Inventory estimation techniques
Inventory Costing Techniques
– Cost accounting versus financial accounting
– Cost allocation techniques
– Initial recognition
Cost Accounting Approaches
– Standard cost accounting
– Activity-based costing (ABC)
– Life cycle accounting
– Thruput accounting
– Lean accounting
FOR WHOM: Accountants, Auditors and other Financial Managers in both the Public and Private Sectors.
1ST BATCH: Tuesday, April 7, 2026 — Friday, April 10, 2026.
2ND BATCH: Tuesday, July 28, 2026 — Friday, July 31, 2026.
3RD BATCH: Tuesday, November 24, 2026 — Friday, November 27, 2026.
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and
illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical
experience, emphasizing the application of learned techniques. This approach ensures that attendees return
to their professional environments equipped with both the competence and self-assurance to effectively
implement the acquired skills in their responsibilities.
