Dramatically improve inventory accuracy with bestselling author Steven Bragg's step-by-step guidelinesInventory 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:* Set up an accounting system that efficiently handles accumulating inventory costs, summarizing accounts, and standard journal entries used to record transactions* Use best practices to increase the efficiency of inventory-tracking and costing functions* Install unique controls to combat inventory fraud* Implement a step-by-step checklist of activities for inventory counting procedures* Save hours of valuable time researching various GAAP reference manuals* Adapt inventory tracking and costing systems to accommodate a variety of manufacturing systemsSpanning 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.

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