Financial Reporting Issues

Balance Sheet: Inventory v2.0

Course Overview
The goal of this course is to help you to better understand how to account for inventories, including different costs, consigned goods, financing product arrangements, and lower of cost or market. It will also provide examples of how to compute inventory balances using various inventory methods and the proper disclosure requirements.

"Important: This course was previously titled as "Balance Sheet: Inventory (Updated)" Please be aware that the content or course code has not changed."

Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Recognize how to account for inventories including different costs, consigned goods, financing product arrangements, and lower of cost or market.
  • Recognize how to compute inventory balances using the LIFO method.
  • Identify proper disclosure requirements for inventory.

Content Partner:

SmartPros Ltd.

SmartPros Ltd. is a leader in online and offline continuing education for
accounting, finance and engineering professionals. With over 2,000 hours of
content, SmartPros has been providing mandatory continuing education
products since 1981. SmartPros provides services and content to its
professional and corporate clients, in a variety of media including Web, CD
ROM, and video. In the accounting market, SmartPros also has a predominant
news and information portal which receives 200,000+ visits per month and
provides services to over 100,000 subscribers. SmartPros' customers include
50% of the Fortune 500, as well as the major firms and associations in each
of its professional markets.

Prerequisites/Advanced Preparation:


Speaker / Author:

Steve Spafford, MBA, CPA, has over 20 years’ experience as a CPA working with large public accounting firms, and in numerous executive roles at multinational public corporations. He is a member of DeltaCPE LLC, a leading publisher of continuing professional education courses for CPAs, and has edited CPA ethics courses provided to over 35 states.

Software & Hardware Requirements:

  • 56k or Greater Internet Connection
  • Adobe Acrobat® Reader for the .pdf files
  • Adobe® Flash® Player 9 or higher
  • Modern DHTML Compatible Browser
  • Ram: 256 MB minimum
  • Sound card with speakers/headphones
  • Windows or Mac OS


Price (USD)

Standard: $24.95


Course Code : 99DEL37-v2

Release Date : 08/06/2020
Expire Date : 08/06/2022
Credits :
CPE 1.00
QAS 1.00

Course Type : QAS Self-Study
Length : 50min
Passing Grade : 70%
Field Of Study : Accounting
Theme : Financial Reporting Issues

Format Type : eLearning
Mobile Compatible
Course Level : Basic

Returning Subscribers

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