Inventory Accounting - Key Concepts and Procedures

• Description
• Accounting Standard Costs
  • Product Costing Interface
  • Accounting Cost Generation
  • The Difference Between Standard and Accounting Standard Cost
• Calculations
  • Value of Inventory
  • Miscellaneous Costs
  • Cost of Direct Labor
  • Cost of Overhead
  • Standard Cost Change
  • Variances
• Transfer Prices
  • Variances when Transfer Prices Differ between Warehouses
  • Recording Transfers at Standard Item Cost
  • Transfer Variance Account
  • Entries in the Receiving Warehouse
  • Costs at In-Transit Warehouses
• Reporting Scrap
  • Options for Valuing Scrap and Reporting Variances
  • Examples
• Configuration Costing
  • Calculation
  • Cost Regeneration
  • Inventory Accounting
  • Job Costing
  • Costing Considerations
• Reporting Labor Variances
  • Options for Calculating and Reporting Variances
  • Calculations
  • Flow Production
  • Examples
• General Ledger Interface
  • Management Reporting
  • Recovery Management
  • Data Audit Request
• Setting Up Account Number Categories
• Journal Entry Examples
  • Standard Cost Change - Classified Parts
  • Purchase Order Receipts - with Purchase Price Variance and Standard Cost Change
  • Purchase Order Receipts - with Non-Acquisition Cost
  • Purchase Order Receipt - with Purchase Price Variance
  • Purchase Order Receipt - with Standard Cost Change
  • Stock Transfers
  • Inventory Adjustment Debit/Credit Memos
  • Sales Order Shipments
  • Invoiced Transfer Order Shipments
  • Invoiced Transfer Order Receipt - with Purchase Price Variance
  • Sales Order Shipments - Direct Ship Sales Order
  • Purchase Order Receipts - Direct Ship Purchase Orders
  • Component Issues
  • Direct Labor Hours
  • Direct Machine Hours
  • Quantity Complete (at Manufacturing Operation)
  • Purchase Order Receipts - Phantom Purchase Orders
  • Manufacturing Order Receipts
  • Standard Cost Change - Manufacturing Orders

Reference

• Common Features
• Future Three
• Glossary
• Reference File Categories
• Technical Support
• Help