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Controllership series - Inventory Part 1

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


  • 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

Who Should Attend?

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