Analyzing Inventory in IDEA

Audimation Services
Training overview
Professional Course
4 hours
Courses from Audimation Services

Course description

Analyzing Inventory in IDEA

This course is a half-day, instructor-led case study that walks students through their role as an auditor hired to perform an Inventory Review at Bright IDEAs, Inc. The auditor evaluates business and audit risks associated with Inventory and then reviews potential tests that can be used to address those risks. This case study includes audit testing to agree total inventory values, check adequacy and accuracy of inventory, assess the re-ordering system, and analyze profit margins and pricing. This course is based on the CI202 IDEA Data Analysis Workbook.

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After completing this training, participants will be able to:

Import ASCII delimited files
Use field statistics and control totals to verify accuracy of import
Use equations to extract obsolete inventory items and negative quantities
Calculate usage ratios and months of inventory
Stratify inventory into bands
Calculate total provisions counts and value by location
Test accuracy of the reordering system
Analyze selling prices and inventory movements
Analyzing profit margins



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Audimation Services

About Audimation Services

Audimation Services is a data analytics company with deep industry experience and proven technology solutions to transform raw data into vital information. Audimation provides a variety of training opportunities, personalized support, and Professional and Technical Services to help you uncover...

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