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Analyzing Inventory in IDEA

SKU: ws-200730 Categories: , Tag:
July 23rd | 10:00 AM - 2:00 PM | Live Online
Live Online | 10:00 AM Central   View map


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6 Seats Available

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This course is a half-day, instructor-led case study that walks students through their role as an auditor hired to perform an Inventory Review at Bright IDEAs, Inc. The auditor evaluates business and audit risks associated with Inventory and then reviews potential tests that can be used to address those risks. This case study includes audit testing to agree total inventory values, check adequacy and accuracy of inventory, assess the re-ordering system, and analyze profit margins and pricing.This course is based on the CI202 IDEA Data Analysis Workbook.
Course LevelIntermediate
Length4 Hours (4 CPE)
Delivery MethodGroup Internet-Based
Event Time10:00 AM - 2:00 PM Central
PrerequisitesCI101: IDEA Data Analysis Level 1
After completing this training, participants will be able to:
  • Import ASCII delimited files
  • Use field statistics and control totals to verify accuracy of import
  • Use equations to extract obsolete inventory items and negative quantities
  • Calculate usage ratios and months of inventory
  • Stratify inventory into bands
  • Calculate total provisions counts and value by location
  • Test accuracy of the reordering system
  • Analyze selling prices and inventory movements
  • Analyzing profit margins
NASBA CPE LogoAudimation Services, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of the 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:

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