The courseware is designed to equip participants with a profound understanding of Inventory Management. Tally is a revolutionary product which has been created with the objectives of Simplify the Simplest, Greater Flexibility and New Look and Feel, and our course also describes the same. Inventory Management provides a thorough understanding of key concepts and practices essential for effective control and optimization of inventory within organizational settings. The course is designed to equip participants with the knowledge and skills necessary to implement efficient inventory management strategies, ensuring smooth operations and cost-effectiveness.
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Inventory Management
Sponsored by Pontificia Universidad Católica del Perú
Recommended experience
Recommended experience
What you'll learn
Gain expertise in managing and optimizing inventory storage, classification, and movement using Tally.
Learn to track additional purchase costs, understand manufacturing processes, and apply job costing techniques for accurate cost allocation.
Utilizing Inventory Reports: Develop the ability to analyze and leverage inventory reports to make data-driven decisions.
Details to know
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28 assignments
January 2025
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There are 6 modules in this course
At the end of the module Storage and Classification of Inventory, you will be able to… • Define the importance of efficient inventory storage and classification. • Demonstrate the ability to create, modify, and manage inventory in Tally. • Comprehend the concept of batches in inventory management. • Execute Selling of Stock Items and Identify Expired Batch in Sales Invoice • Generate and Analyze Batch Reports • Implement Price Levels and Price Lists
What's included
25 videos5 readings5 assignments1 discussion prompt
At the end of the module Purchase and Sales Order Management, You will be able to: • Recognize the crucial role of efficient order management in business operations. • Demonstrate proficiency in creating, modifying, and managing purchase orders. • Demonstrate the ability to create, modify, and manage sales orders. • Track and manage outstanding purchase and sales orders. • Demonstrate the process of setting up and managing re-order levels within Tally. • Demonstrate proficiency in executing godown transfers within Tally.
What's included
22 videos7 readings7 assignments
At the end of the module Tracking Additional Costs of Purchase, You will be able to: • Recognize the significance of accurately tracking and accounting for additional costs in the purchase process. • Demonstrate proficiency in configuring and recording additional costs associated with purchases in purchase voucher mode and item invoice mode. • Execute the creation of Debit Note Vouchers with additional cost details.
What's included
6 videos3 readings3 assignments
At the end of the module Manufacturing Process-Job Work, You will be able to: • Enable Job Order Processing in Tally • Define and configure voucher types for job work out and in orders. • Implement BOM for accurate listing of components in job work out orders. • Demonstrate proficiency in recording job work out and in order vouchers in Tally. • Execute the recording of material out and in vouchers for job work. • Record and book job work charges accurately. • Account the Payment to Job Worker against Purchase Consideration. • Generate and interpret job work out reports for analysis.
What's included
26 videos6 readings5 assignments
At the end of the module Job Costing, you will be able to: • Demonstrate the fundamental concept of job costing in accounting. • Identify the key features and characteristics of job costing. • Create the Chart of Accounts for Job Costing Process. • Recording Job Costing Related Transactions. • Record manufacturing journal entries for the conversion of raw materials into finished goods. • Record stock journal entries for inter-godown stock transfers related to jobs.
What's included
19 videos8 readings7 assignments
At the end of the module Inventory Reports, you will be able to: • Generate and interpret the Stock Summary Report to evaluate inventory levels, valuation, and overall performance. • Check godown-wise stock availability for better inventory planning and management. • Analyze inventory movement using the Movement Analysis Report to track stock inflow and outflow. • Use the Stock Query feature to get instant updates on item-wise stock details.
What's included
1 video1 reading1 assignment
Instructor
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