Inventory Accounting

Inventory Accounting is a systematic approach to understanding and managing a company's financial inflows and outflows, tracking its inventory from raw materials to production to finished goods. Coursera's inventory accounting catalogue teaches you about the various methods and processes used to account for inventory, providing a deep understanding of financial statements, stock control, valuation methods, and cost accounting. You'll learn how to apply different inventory accounting methods such as FIFO, LIFO, and Average Costing, manage stock levels for efficiency, and use accounting information in business decision-making. This skill is essential for those aspiring to work in roles such as financial analysts, accountants, operations managers, and other finance-related professions.