Controllership series - Inventory Part 1

  • Accountant
  • CPA (US)
  • CFIRS
  • CWS

Published: September, 2021

Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Introduction
    2 mins
  • Controller's Role
    8 mins
  • Types of Inventory
    16 mins
  • Critical elements to tracking inventory
    33 mins
  • Disadvantages
    44 mins
  • Days Sales Outstanding
    60 mins
  • Stock out
    79 mins

Course Description

Within this segment of our controllership series, we will discuss the area of inventory. This specific segment is the first part of a two-part series on inventory. We understand the primary role of an inventory controller. The inventory controller handles inventory-related tasks in a warehouse setting for their organization. Their primary duties include maintaining levels of inventory, reporting monthly inventory levels, labeling and recording inventory for future use, and maintaining accurate records.

In this controllership series webinar, we will explore how the controller can move these responsibilities into more of a strategic role.

This online CPE course will take a look at the following key topics to explore the subject:  

  • Some of the typical concepts and duties involved in the inventory function are sometimes viewed as operational roles.
  • We will explore how these areas are strongly tied to the importance of the controllership role and
  • How the controller can add value in each area.


Other related courses: Payroll | Financial Reporting | Controller

Learning Objectives

  • To explore the basics of inventory.
  • To recognize the inventory terms 
  • To identify the purpose and importance of inventory management systems
  • To recall the advantages and disadvantages of inventory management systems
  • To examine the controller’s strategic role in inventory.
  • To explore management of metrics

Recommended For

This CPE webinar is recommended for CPAs, Financial Planners, Investment Consultants, CEOs, CFOs and top management personnel

Who Should Attend?

  • Accountant
  • Certified Management Accountant (CMA)
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Finance Pros
  • Senior Accountant
  • Staff of Accounting Firm
  • VP Finance
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 2 CPE Credit of Management Services for Certified Public Accountants (CPA-US)
  • 2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 2 CE Credit for Certified Wealth Strategist (CWS)
  • 2 General Credit for Accountant/Bookeeper

Additional details

  • Course Level :
    Basic
  • Credits :
    2
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Lynn Fountain, CRMA, CPA (US), CGMA, MBA

Owner, Lynn Fountain Consulting and Training

Lynn Fountain has over 39 years of experience spanning public accounting, corporate accounting and consulting. 20 years of her experience has been working in the areas of internal and external auditing and risk management. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance.  Lynn has held two Chief Audit Executive (CAE) positions for international companies.   In one of her roles as CAE, she assisted in the investigation of a multi-million-dollar fraud scheme perpetrated by a vendor that spanned 7 years and implicated 20 employees.  The fraud was formally investigation by the FBI and resulted in 5 indictments estimating a $13M fraud loss.

Ms. Fountain is currently engaged in her own consulting and training practice.  She has successfully executed on several consulting assignments spanning areas of accounting, risk, ERM and internal audit.  She is a highly sought-after trainer and international speaker and has produced hundreds of courses delivered through seminars, conferences and on-demand training.  She is the author of three separate technical books. 

  • Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations”.
  • Leading the Internal Audit Function
  • Ethics and the Internal Auditor’s Dilemma

Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CPA, CGMA, CRMA credentials. 


About Company

Lynn Fountain Consulting and Training

www.lynnfountain.net/

Ms. Fountain has become known as an international trainer on topics of Leadership, Internal Audit, Accounting, Finance, Ethics, Business Processes, Bookkeeping, Cybersecurity and Business Issues.  She has over 150 training topics that can be tailored to meet your needs.

Faq

FAQs content

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  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
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