INVENTORY exam – content-related procedures

INVENTORY exam – content-related procedures

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INVENTORY exam – content-related procedures
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This is part 1 of a series on inventory.

In future videos we will also cover
* The importance of timing inventory capture (and the use of forward/backward rolls)
* Testing of controls for inventory
* Inventory audit for manufacturing companies (cost accounting – yay!)

00:00 Introduction
02:15 Overview of the controls
05:19 Existence claim
11:13 Claim of completeness
12:56 Assertion of rights and obligations
14:57 Accuracy, valuation and allocation statement
19:28 Content analysis methods

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Camera – Sony A6500 + 28mm
Microphone – Rode Wireless Go
Monitor – SmallHD Focus
Lighting – Aputure 120dii
Green Screen – Elgato
Music – licensed by Soundstripe

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