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Inventory Accounting GAAP, Software and Recognizing Variances, 6/26/2025 1:00:00 PM EDT ( + 42 more) , Live Webcast Replay, More info »
Live Webcast

Inventory Accounting GAAP, Software and Recognizing Variances

Total Credits: 2 including 2 Accounting - Technical

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ACPEN Industry Institute |  Accounting and Auditing
John L. Daly, MBA, CPA, CMA, CPIM
Course Levels:
2 Hours
Product Setting: Expires 40 day(s) after program date.



Many organizations struggle to keep budgets current in an ever-changing business climate.  Twenty-first century performance metrics focus on determining what budgets should be rather than what they were in the past.  Using performance metrics effectively reduces work, reduces politics, provides flexibility and substantially improves the performance management process.  This session will show you powerful techniques to drive your organization’s performance.

Basic Course Information

Learning Objectives
  • GAAP/IFRS for inventory
  • Understanding Inventory software
    • Inventory master files
    • Bill of Materials (BOM)
    • Indented Bill of Materials
    • Routings
  • Variance recognition
  • Keeping costs current

Major Subjects
  • Inventory accounting
  • GAAP
  • Methods for dealing with variances


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
Designed For Financial professionals who deal with inventory  
Original Recording Date 02/15/2024
Course Developer John L. Daly
Date Added to Catalog 10/07/2023

Additional Information

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:

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 if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.