Inventory Accounting by Steven Bragg

The accountant can find answers to almost any inventory-related question in this book.  It goes well beyond accounting rules and regulations to also encompass such operational topics as obsolete inventory tracking, manufacturing systems, the physical count, transfer pricing, and budgeting for inventory.  I have also added the most current IRS regulations pertaining to inventory.

Content

  • Inventory data collection
  • Manufacturing systems
  • Inventory controls
  • Inventory fraud
  • Measurements and reports
  • Inventory budgeting
  • LIFO, FIFO, and average costing
  • Lower of cost or market
  • Overhead application
  • Joint and by-product costing
  • Obsolete inventory
  • Inventory transactions
  • IRS regulations
  • Counting inventory
  • Inventory best practices
  • Transfer pricing

Related Books

Accounting Policies and Procedures Manual Just-in-Time Accounting
Inventory Best Practices Throughput Accounting