Why Should You Attend:
The primary authoritative guidance related to inventory is FASB Accounting Standards Codification (ASC) 330, Inventory. The basic objective of inventory accounting is to identify, on a consistent basis, costs applicable to goods on hand at the end of the period and costs that should be included in the cost of goods sold for the period.
This webinar will explore the specific issues in meeting this objective include determining: (a) what items should be included in inventory; (b) what expenditures should be included in inventory costs; (c) which cost method should be used; and (d) how recognition should be given to the lack of recoverability of inventory costs.
Areas Covered in the Webinar:
Who Will Benefit:
Christy Foister is the Senior Accountant at a billion-dollar bank, where she specialized in the Quarterly Call Report, Financial Statements and Consolidations of multiple companies. Through the first part of her career, she worked in public accounting preparing taxes for individuals, small business, and corporations. During those six years, she also performed internal audits for banks. Although most of her career has been in banking, she has maintained client relationships with her tax clients and has multiple clients that she performs bookkeeping and taxes services for on an annual basis. She owes her knowledge of Accounting to Florida State University College of Business where she received a double major in Accounting and Real Estate.
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