This is the introductory video to our self-study eLearning course “Inventory: Overview of ASC 330.” Check it out here: https://revolution.gaapdynamics.com/courses/inventory-overview-of-asc-330
This module covers the principles of inventory, including classification, cost inclusions, measurement, exchanges, and presentation and disclosures. Many companies have inventory on their books. Inventory is a portion of their business assets that will be (or already are) ready for resale. This one-hour eLearning module provides an overview of ASC 330 and discusses what is included in inventory cost, including how to calculate total cost, the measurement and remeasurement principles applied to inventory, and accounting for inventory exchanges.
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