Search within this section
Select a section below and enter your search term, or to search all click Podcasts
Follow our podcast
Favorited Content
The art of accounting for inventory
Publication date: 18 Apr 2023
us Podcast
In this podcast we'll discuss key concepts and judgments in accounting for and valuing inventory.
Every Tuesday in April, Pat Durbin is taking over the podcast sharing insights and going back to basics on some critical accounting areas, including contingent liabilities, subsequent events, and inventory.
In this episode, Heather Horn and Pat discuss key accounting concepts and judgments in accounting for and valuing inventory.
In this episode, you’ll hear discussion of:
- 1:34 - Different methods to determine inventory costs and the art of inventory cost accounting
- 19:27 - How to account for changes in cost flow assumptions or composition of costs
- 25:55 - Key judgments in valuation and impairment of inventory
- 33:19 - New ways to finance inventory
- 35:29 - Final advice for accounting for inventory
For more information, read our Inventory guide.
About our guest
Pat Durbin is a Deputy Chief Accountant in PwC’s National Office. He has over 30 years of experience consulting with our clients and engagement teams on complex accounting matters, including issues related to revenue, compensation, income taxes, and inventory under both US GAAP and IFRS.
About our host
Heather Horn is PwC’s National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.
Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.
PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details. This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors.
Link copied
