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Live Webcast Replay

Inventory Accounting: GAAP, Software and Variance Recognition

Total Credits: 2 including 2 Accounting - Technical

Average Rating:
Accounting and Auditing |  ACPEN Industry Institute |  Industry
John L. Daly, MBA, CPA, CMA, CPIM
Course Levels:
2 Hours



Need to strengthen your inventory accounting skills?  This session will help you get there quickly!  The session focuses on the basics: inventory GAAP, inventory software, and methods for dealing with variances. Join inventory accounting veteran John L. Daly for this informative session.

Basic Course Information

Learning Objectives
  • Understand the basics of these inventory issues:  
    • GAAP  
    • Software  
    • Variance recognition

Major Subjects
  • GAAP/IFRS for inventory
  • Understanding Inventory software

-   Inventory master files

-   Bill of Materials (BOM)

-   Indented Bill of Materials

-   Routings

  • Variance recognition
  • Keeping costs current

Course Materials


John L. Daly, MBA, CPA, CMA, CPIM's Profile

John L. Daly, MBA, CPA, CMA, CPIM Related Seminars and Products

John L. Daly, MBA, CPA, CMA, CPIM, is a Chelsea, Michigan-based management consultant specializing in costing, pricing strategy and pricing model development.  He has taught continuing professional education courses since 1995 and began doing ethics seminars two weeks before the Enron scandal.  John has been CFO for a Tier 1 automotive parts supplier and a large restaurant chain and COO for a window treatments manufacturer and retailer.  He is the author of "Pricing for Profitability", published by Wiley and Sons and a novel, "Tool & Die".

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Course Developer Executive Education, Inc.
Designed For Financial professionals who deal with inventory
Yellow Book No
Original Recording Date 10/14/2020
Date Added to Catalog 09/21/2020

Additional Information

Instructional Delivery Method Group Internet Based
Complaint Resolution Policy Please contact Anne Taylor for any complaints., (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:

Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
Course Registration Requirements Online Registration



Overall:      4.5

Total Reviews: 184


Thomas D

"Very helpful. "

Christopher L

"I appreciate the simplicity in how Mr Daly presented the materials. He does a great job for improving the retention of what is taught"

Michael K


Edward J - Monroe, Louisiana

"Great Job!"

James C

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Matthew O

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Charles D


Kathryn F


Abigail R

"John was very easy to follow and understand. I would participate in one of his courses again."

Karen H - Glendale, Wisconsin

"A good high level introduction to inventory accounting for beginners first starting out."