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The Controller Function - Inventory Part 2 - Valuation, Inventory Methods and Inventory Fraud

Total Credits: 1.5 including 1.5 Auditing- Technical

Average Rating:
   0
Categories:
ACPEN Industry Institute |  Accounting and Auditing |  Personal Development
Faculty:
Lynn Fountain
Course Levels:
Basic
Duration:
1.5 Hours
License:
Expires 30 day(s) after program date.
Dates
Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.
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Description

This course is one of the courses dedicated to our Controllership Series. This series of courses is dedicated to exploring the traditional controller role and stepping out of the box to identify areas where the controller can continue to add strategic value to their organizations. Within this segment of our controllership series, we continue our discussion on inventory from segment one. This specific segment focuses on areas of inventory valuation, the types of physical inventory methods, and inventory fraud. These areas are critical for the controller to have a strong comprehension of and also participate in the development of policies and procedures.

 


 

 

Basic Course Information

Learning Objectives
  • Explore and examine inventory valuation
  • Identify methods for inventory tracking and physical inventory procedures
  • Discover and discuss fraud inventory controls

Major Subjects
  • Accounting
  • Finance
  • Procurement
  • Inventory

Course Materials

Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (442.7 KB) Available after Purchase
The Controller Function - Inventory Part 2 Handout (2.1 MB) Available after Purchase
The Controller Function - Inventory Part 2 Terms (15.4 KB) Available after Purchase

Faculty

Lynn Fountain Related Seminars and Products

Lynn Fountain has over 45 years of experience spanning public accounting, corporate accounting and consulting. 20 years of her experience has been working in the areas of internal and external auditing and risk management. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance. Lynn has held two Chief Audit Executive (CAE) positions for international companies. In one of her roles as CAE, she assisted in the investigation of a multi-million-dollar fraud scheme perpetrated by a vendor that spanned 7 years and implicated 20 employees. The fraud was formally investigation by the FBI and resulted in 5 indictments estimating a $13M fraud loss.Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CPA, CGMA, CRMA credentials.

Dates

Wed, May 21, 2025 - 12:00 PM to 1:22 PM MDT
Tue, Jun 03, 2025 - 1:00 PM to 2:22 PM MDT
Wed, Jun 18, 2025 - 2:00 PM to 3:22 PM MDT
Tue, Jul 01, 2025 - 1:00 PM to 2:22 PM MDT
Wed, Jul 16, 2025 - 3:00 PM to 4:22 PM MDT
Thu, Aug 07, 2025 - 7:00 AM to 8:22 AM MDT
Thu, Aug 14, 2025 - 5:00 PM to 6:22 PM MDT
Fri, Aug 29, 2025 - 9:00 AM to 10:22 AM MDT
Sat, Sep 06, 2025 - 11:00 AM to 12:22 PM MDT
Wed, Sep 17, 2025 - 1:00 PM to 2:22 PM MDT
Fri, Oct 10, 2025 - 3:00 PM to 4:22 PM MDT
Wed, Oct 22, 2025 - 7:00 AM to 8:22 AM MDT
Fri, Nov 07, 2025 - 9:00 AM to 10:22 AM MST
Sat, Nov 22, 2025 - 11:00 AM to 12:22 PM MST
Mon, Dec 08, 2025 - 1:00 PM to 2:22 PM MST
Tue, Dec 16, 2025 - 3:00 PM to 4:22 PM MST
Mon, Dec 29, 2025 - 7:00 AM to 8:22 AM MST
Fri, Jan 09, 2026 - 9:00 AM to 10:22 AM MST
Tue, Jan 20, 2026 - 5:00 PM to 6:22 PM MST
Fri, Jan 23, 2026 - 11:00 AM to 12:22 PM MST
Mon, Feb 02, 2026 - 1:00 PM to 2:22 PM MST
Thu, Feb 19, 2026 - 3:00 PM to 4:22 PM MST
Wed, Mar 04, 2026 - 7:00 AM to 8:22 AM MST
Mon, Mar 16, 2026 - 9:00 AM to 10:22 AM MDT
Thu, Apr 09, 2026 - 11:00 AM to 12:22 PM MDT
Wed, Apr 29, 2026 - 1:00 PM to 2:22 PM MDT
Wed, May 06, 2026 - 3:00 PM to 4:22 PM MDT
Fri, May 15, 2026 - 7:00 AM to 8:22 AM MDT
Tue, Jun 02, 2026 - 9:00 AM to 10:22 AM MDT
Tue, Jun 16, 2026 - 11:00 AM to 12:22 PM MDT
Sat, Jun 27, 2026 - 1:00 PM to 2:22 PM MDT

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For Controllers, Accountants, CFO, Finance Professionals, Operational Professionals, Auditors
Original Recording Date 01/01/2024
Course Developer Lynn Fountain
Date Added to Catalog 02/05/2024
Yellow Book No

Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199). 


Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 


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