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COURSE OUTLINE

In this seminar, participants will learn the essentials on what it takes to successfully complete an inventory count and reconciliation activity.  

 

As part of group activity, simulated cases will reinforce the participants understanding of the processs by discussing, deliberating and finding consensus on issues and matters critical to the success of the activity. This will prepare the participants for their next count and avoid the common pitfalls and problems encountered during the count and reconciliation process.

 

We will also discuss the key elements of the inventory count instruction covering the procedures, forms and responsibilities that need to be observed during the actual count and reconciliation procedures.

 

Cases covered by the seminar include the use of manual count procedures and partially automated process using bar gun technology. The seminar does not include RFID enabled solutions.  

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Mr Allan Palacio will share his invaluable experience in performing inventory count and reconciliation procedures for a global leader in logistics operations and for a manufacturing company.  He will share the tools and/or techniques he developed that accelerated the completion of a full inventory count and reconciliation procedures of over 500 thousand inventory items, completed in record breaking time of 32 hours, with 99.9% accuracy.

I. Fundamentals

  • Composition of the count team

  • Roles and responsibilities

  • Principles and leading practices

  • Findings and experiences during count

 

II. Scope of the inventory count activity

  • Type (ie cycle count, annual count)

  • Manner (ie manual or with the use of bar gun)

 

III. The Inventory Count Instruction

  • Procedures

  • Forms

  • Flowchart

 

IV. Processes of the inventory count activity

  • Planning the Activity

  • Pre-count activities

  • Conducting the actual inventory count

  • Summarization of the results of count

  • Reconciliation of variances

  • Book-to-physical adjustments

 

 

Are you having difficulty in ensuring the accuracy of the results of your physical inventory count, reconciling the results of your floor count with your records, and resolving noted variances in count?

This program will teach you how to successfully complete your cycle and year-end inventory count and reconciliation procedures in hours

  • IPPF

  • Communication

  • Persuasion & collaboration

  • Internal audit delivery

  • Improvement & innovation

Competency

  • Junior Auditors

  • Senior Auditors

  • Risk Officers

  • Compliance Officers

  • Accountants

Who should attend this Seminar?

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Applying CAATs in Inventory Count & Reconciliation Process

March 24 & 25, 2015
Ascott Hotel Makati

Click here to read about Mr Allan Palacio

Php 8,000

LIMITED SEATS ONLY. 
PRE-REGISTRATION REQUIRED

Avail of Php500 discount when you register online

CIASP provides in-house training programs upon request. For any queries, please contact Pol Mirafuentes:

E: PolMirafuentes@ciasp.com.ph 

T: (+63917) 837 2038

 

 

In-house seminar

Public-run seminar

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