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The art of accounting for inventory
Every Tuesday in April, Pat Durbin is taking over the podcast sharing insights and going back to basics on some critical accounting areas, including contingent liabilities, subsequent events, and inventory.
In this episode, Heather Horn and Pat discuss key accounting concepts and judgments in accounting for and valuing inventory.
In this episode, you’ll hear discussion of:
1:34 - Different methods to determine inventory costs and the art of inventory cost accounting
19:27 - How to account for changes in cost flow assumptions or composition of costs
25:55 - Key judgments in valuation and…
The skinny
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