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Description: |
My company is ready to adopt
lean financial statements,
but we need to understand
how to value inventory
without standard cost. Learn
three different methods that
will drastically simplify
the accountant's work effort
and dramatically reduce
transactions at the shop
floor.
Upon completion of this
session, participants will
be able to…
- Understand 3 lean methods
of inventory valuation
- Entries required for
inventory adjustment
- Methods to reduce shop
floor transactions related
to inventory valuation
- Eliminate annual cost roll
- Describe real company
success with these methods
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