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Inventory

Inventory Accounting and Cost of Goods Sold

Track stock from purchase to sale, value inventory without guessing, and make COGS match what actually left the warehouse.

4.5(298 students)1,210 students

Created by Mustafa Mohammed Al-Obaidi

Last updated 2026-05English / Arabic

Placeholder curriculum for demonstration — topics and structure only.

Inventory Accounting and Cost of Goods Sold
42,000 IQD120,000 IQD
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Placeholder curriculum for demonstration — topics and structure only.

This course includes

  • 8 total hours
  • 9 lectures
  • Full lifetime access
  • Access on mobile and desktop
  • Certificate of completion
  • 30-day money-back placeholder
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What you'll learn

  • Choose a costing method and apply it consistently
  • Record purchases, transfers, and sales of stock
  • Run a count that updates the books
  • Explain shrink, write-downs, and the COGS bridge

Learning roadmap

  1. 01

    Stock in the chart

    Inventory, COGS, and clearing accounts.

  2. 02

    Movement

    In, out, transfers, and returns.

  3. 03

    Valuation

    FIFO, weighted average, and when it matters.

  4. 04

    Count and close

    Physical count, variances, and the month-end pack.

Course content

3 sections · 9 lectures · 8 total hours

  • Why the warehouse number never matchesPreview09:05
  • Accounts you actually need11:20
  • Perpetual versus periodic, in practice12:40

Requirements

  • Basic debit-credit comfort
  • A simple product list helps, a template is provided

Description

Placeholder inventory workshop. You receive goods, sell them, count them, and rebuild COGS so the warehouse and the ledger tell the same story.

Who this course is for

  • Accountants in trading and distribution
  • Store controllers who own the stock number
  • Bookkeepers tired of inventory that never ties

Instructor

Mustafa Mohammed Al-Obaidi

Mustafa Mohammed Al-Obaidi

Founder of Finance Station · Co-Founder & Managing Director, CopyBooks

Entrepreneur, financial consultant, and trainer with more than 12 years across Iraqi, regional, and international companies. Founder of Finance Station and Co-Founder and Managing Director of CopyBooks, an ERP platform for accounting, finance, sales, and inventory. He has trained more than 2,400 businesses and entrepreneurs, including programs with Riyada, Orange Corners, Makers of Baghdad, KAPITA, The Station, and GIZ.