Dynamics NAV Training Curriculum

Inventory Costing

Introduction

• Introduction

Inventory Costing Overview

• Inventory Costs
• Inventory Accounting
• Understand the basic concepts behind calculation of inventory value
• Understand the relationship of capitalized and non-capitalized costs
• Understand the valuation of cost objects in relation to their direct and indirect costs
• Understand the cost flow assumptions that support the various costing methods

Inventory Costing Principles in Microsoft Navision

• Accounting for Inventory in Navision
• Understand how the program records quantity and value changes in entries
• Understand the different types of information that are recorded in item ledger entries and value entries
• Understand how inventory values are posted in the general ledger

Inventory Costing Functionality

• Inventory Acquisition
• Cost of Goods Sold
• Inventory Transfers and Returns
• Inventory Adjustment
• Rounding

Inventory Valuation Functionality

• Inventory Valuation
• Posting Inventory Costs to the General Ledger
• Inventory Revaluation
• Physical Inventory

Setting Up Inventory Costing

• Inventory Costing Setup

 

 

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