{"product_id":"inventory-accounting-a-comprehensive-guide-hardcover","title":"Inventory Accounting: A Comprehensive Guide - Hardcover","description":"\u003cp\u003eby \u003cb\u003eSteven M. Bragg\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003eDramatically improve inventory accuracy with bestselling author Steven Bragg's step-by-step guidelines\u003cbr\u003e \u003cbr\u003e Inventory Accounting is a comprehensive, step-by-step guide to setting up an inventory accounting system and keeping it running at maximum efficiency. This hands-on book provides accounting professionals with essential information on how to: \u003cbr\u003e * Set up an accounting system that efficiently handles accumulating inventory costs, summarizing accounts, and standard journal entries used to record transactions\u003cbr\u003e * Use best practices to increase the efficiency of inventory-tracking and costing functions\u003cbr\u003e * Install unique controls to combat inventory fraud\u003cbr\u003e * Implement a step-by-step checklist of activities for inventory counting procedures\u003cbr\u003e * Save hours of valuable time researching various GAAP reference manuals\u003cbr\u003e * Adapt inventory tracking and costing systems to accommodate a variety of manufacturing systems\u003cbr\u003e \u003cbr\u003e Spanning the entire spectrum of inventory accounting, Inventory Accounting deftly explores every facet of the field to help professionals eliminate inaccuracies from their inventory accounting systems.\u003c\/p\u003e\u003ch3\u003eFront Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eAccurate inventory accounting is vital to every company that has a significant proportion of its assets in inventory. It can also be one of the most difficult tasks faced by the accounting department. Accurate inventory valuation requires excellent inventory tracking systems, warehouse layouts, and cycle counting procedures, as well as detailed cost accumulation systems. In addition, generally accepted accounting principles (GAAP) contain a number of requirements for the proper treatment of inventory valuation. In Inventory Accounting, bestselling author Steven Bragg culls his decades of experience to help CFOs, controllers, accounting managers, and cost accountants track, cost, report, and budget their inventory with great success.\u003c\/p\u003e \u003cp\u003eInventory Accounting provides professionals with a wellspring of essential day-to-day information, including: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eHow to use coding, wireless data transmission, radio frequency identification, document imaging, and electronic data interchange to collect inventory data\u003c\/li\u003e \u003cli\u003eHow to flow inventory through basic manufacturing, manufacturing resources planning, and just-in-time systems\u003c\/li\u003e \u003cli\u003eSixty-eight unique inventory controls in such areas as in-transit inventory, inventory storage, obsolete inventory, and inventory transactions\u003c\/li\u003e \u003cli\u003eHow to recognize eighteen types of inventory fraud\u003c\/li\u003e \u003cli\u003eA variety of measurements, forms, and reports for determining the status of inventory levels and related systems\u003c\/li\u003e \u003cli\u003eA successful budgeting process for raw materials, work-in-process, and finished goods inventories\u003c\/li\u003e \u003cli\u003eHow to use a number of inventory cost layering systems, including FIFO, LIFO, dollar value LIFO, link-chain, and weighted average methods\u003c\/li\u003e \u003cli\u003eHow to apply lower of cost, or market rule\u003c\/li\u003e \u003cli\u003eCoverage of overhead cost pools and how to apply those costs to inventory (including activity-based costing)\u003c\/li\u003e \u003cli\u003eVarious cost allocation and pricing methodologies for inventory designated as joint products or by-products\u003c\/li\u003e \u003cli\u003eHow to locate, dispose of, and account for obsolete inventory\u003c\/li\u003e \u003cli\u003eHow to create an inventory tracking system and conduct periodic physical counts and cycle counts\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eAn expansive compendium of inventory-related information, Inventory Accounting is a one-stop resource for everything pertaining to the proper accounting treatment of inventory, as well as the best practices for organizing a warehouse and conducting inventory counts.\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003eDramatically improve inventory accuracy with bestselling author Steven Bragg's step-by-step guidelines \u003c\/p\u003e\u003cp\u003eInventory Accounting is a comprehensive, step-by-step guide to setting up an inventory accounting system and keeping it running at maximum efficiency. This hands-on book provides accounting professionals with essential information on how to: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eSet up an accounting system that efficiently handles accumulating inventory costs, summarizing accounts, and standard journal entries used to record transactions\u003c\/li\u003e \u003cli\u003eUse best practices to increase the efficiency of inventory-tracking and costing functions\u003c\/li\u003e \u003cli\u003eInstall unique controls to combat inventory fraud\u003c\/li\u003e \u003cli\u003eImplement a step-by-step checklist of activities for inventory counting procedures\u003c\/li\u003e \u003cli\u003eSave hours of valuable time researching various GAAP reference manuals\u003c\/li\u003e \u003cli\u003eAdapt inventory tracking and costing systems to accommodate a variety of manufacturing systems\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eSpanning the entire spectrum of inventory accounting, Inventory Accounting deftly explores every facet of the field to help professionals eliminate inaccuracies from their inventory accounting systems.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003eSteven M. Bragg, CPA, CMA, CIA, CPIM, has been the CFO or controller of four companies, as well as a consulting manager at Ernst \u0026amp; Young and auditor at Deloitte \u0026amp; Touche. He received a master's degree from Bentley College, an MBA from Babson College, and a bachelor's degree in economics from The University of Maine. Mr. Bragg resides in Centennial, Colorado. He has written twenty books, including Accounting Best Practices, Accounting Reference Desktop, and Controllership: The Work of the Managerial Accountant, all published by Wiley.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 243\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.92 x 9.34 x 6.38 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e February 18, 2005\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":42723955310655,"sku":"9780471356424","price":207.36,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0105\/8226\/1823\/files\/f98d267c1139906999e2951515ad3f60.webp?v=1765100956","url":"https:\/\/dhlswag.com\/products\/inventory-accounting-a-comprehensive-guide-hardcover","provider":"BBB","version":"1.0","type":"link"}