Day 1: Inventory Records, Valuation, and Reconciliation

Inventory Movement and Recording

• Trace receipts issues returns and adjustments
• Connect documents with inventory ledger entries
• Identify cut-off errors around period end
• Map inventory receipt-to-record transactions

Valuation Principles in Practice

• Understand cost components entering inventory value
• Distinguish purchase cost from period expense
• Recognize conceptual effects of cost-flow assumptions
• Review a valuation case for consistency

Applied Physical-to-Book Reconciliation

• Compare count results with system quantities
• Investigate shrinkage damage and recording errors
• Document approved inventory adjustments
• Prepare a reconciliation schedule

Day 2: Holding Cost and Working-Capital Effects

Components of Holding Cost

• Identify storage, financing, handling, loss costs
• Avoid relying on one unsupported percentage
• Estimate costs material to the organization
• Build holding-cost model for one category

Slow-Moving and Obsolete Stock

• Define age/movement criteria for review
• Estimate financial exposure and recoverability
• Separate operational reserve from excess inventory
• Prepare aging analysis for selected items

Inventory and Cash

• Connect stock days with tied-up cash
• Estimate cash released by reducing excess
• Consider service risk before lowering inventory
• Analyze a working-capital improvement option

Day 3: Inventory Decisions and Financial Reporting

Analyzing Replenishment Economics

• Compare order frequency against total costs
• Consider lead-time variability/service requirements
• Identify batch sizes creating excess stock
• Evaluate a replenishment decision

Inventory Exceptions and Controls

• Use approvals for write-offs/unusual adjustments
• Separate custody recording and authorization appropriately
• Monitor recurring discrepancy patterns
• Prepare an exception report for management

Inventory Cost Review

• Present valuation, holding-cost, aging findings
• Identify actions with financial/service effects
• Assign reconciliation and stock-reduction owners
• Prepare a concise inventory cost report

• Inventory transaction cases linking physical movements with accounting records
• Holding-cost and aging exercises using realistic stock profiles
• Reconciliation cases investigating discrepancies and adjustments
• A management review combining inventory cost cash and service implications