Overview
Stock management is the practice of ordering, storing, tracking, and controlling inventory. Stock management applies to every item a business uses to produce its products or services – from raw materials to finished goods. In other words, stock management covers every aspect of a business’s inventory.
In Centre of Accountancy Careers & Training, trainees will understand the importance of stock management. During the practical exercise trainees will perform different activities on Sage 50 Accounts under the supervision of Qualified Accountants which help the organisation to save associated cost. Finally they will learn about the adjustments of the stocks in the Financial Statements.
CONTENT
- Understanding about the Stock Management
- How to take opening stock value
- How to enter opening stock value
- How to process stock purchases
- How to process stock sales
- How to take closing stock value
- How to enter closing stock value
- Understanding how stock appears in the profit and loss and balance sheet.
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