Q4 Planning | Integrated Approaches to Inventory Costing, Reserves & Tax Strategies

Organizations must continually adapt their operational strategy to stay competitive. Beyond cost management, it’s essential to ensure inventory is costed correctly, identify situations where reserves are necessary, and tax planning opportunities.

As we approach the end of 2024, it is crucial to reassess your inventory accounting — Are your reserves adequate and justifiable? Are the costs on your balance sheet reasonable? What are tax planning opportunities can you leverage?

Join us in this one-hour session to discuss planning ideas around these areas so you can start fresh in 2025.

Learning Objectives:

• We will develop an understanding of the impacts of inventory reserves on your financials.
• We will understand how manufacturing and distribution companies changed their outlook on inventory quantities and valuation methodologies during COVID and the subsequent wars and political climate.
• We will be reminded of proper inventory costing practices and key considerations when determining overhead rates.
• We will understand the planning opportunities around taxes relating to inventory.

Learning Outcomes:

• Participants will be able to review their financials and evaluate the reasonableness of how they cost their inventory.
• Participants will be able to better assess the appropriateness of reserve percentages and appropriate inventory impairment adjustments.
• Participants will be able to consider the tax implications when opening a new warehouse or choosing a 3PL to work with. 

This course qualifies for 1.0 CPE credit in Accounting/Auditing.