1. TRAINING PROGRAMME Stock Control and Inventory Accounting 2.


To allow trainees to acquire knowledge for proper inventory and accounting and use mathematical models for effective stock control 3. COURSE PLAN

COURSE CONTENTS Session 1: Stores procedures, data and documentation Purchase ordering Stock receipt Stock issue Stock transfer Session 2: Costing and pricing Cost of ordering stock Cost of holding stock Pricing Session 3: Stock count Stock audit Stock insurance claim Session 4: Valuation methods and effect on profit International accounting standard for inventories Session 5: Stock Control methodologies Re-order level methodology Periodic ordering methodology Session 6: Economic Order Quantity Session 7: Analysis of stock & accounting information for decision making

3 hours

3 hours

2 hours

1 hour

1 ½ hours

1 ½ hours 1 hour

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