CFG-ST01 – Stock Control Module

 About this course

The Century Financials Accounts payables is a 2 day course which is ideal for those candidates who are responsible of the data entry, daily operations and administration of stock. The Stock Control module enables an organization to control their stock and automatically generate General Ledger and Project Costing transactions whenever there is a movement in a warehouse / stock record.

Records are created for warehouse stock details, packaging units, stock categories and types, locations, bins etc and these all combine to produce an integrated system capable of tracking the transactions. Separate General Ledger profile records, attached to each stock record, direct the financial transactions for each type of stock transaction. Typical transactions are receipts, issues, returns and transfers, all have a different effect on the financial records.

Stock can be integrated to Purchasing, Project Costing General Ledger, Fixed Asset. Functionally to adjust cost and selling prices (which are held at a warehouse level) are part of the module, as is a stock take procedure with a reconciliation and ledger adjustment routine. Standard reporting includes reports on variances, transactions, reorder limits, slow movement, reconciliations and valuations.

h Course Objectives

Upon completion of this course of this course you should be able to:

• Understand of the steps required to generate, release and control of stocks and related process.
• Understand the new functions in the Stock Control module.
• Understand how to fix reconciliation problems for Stocks.
• Understand what are the do’s and don’t ‘s of the Stock Control module.
• Understand what are the main relationship between these two modules and with General Ledger & Project Costing.

 Target Audience

Employees who are in charge of the Accounts Department particularly section Purchasing, Asset Management and Warehouse/Store Department.

 Course Outline

 Administrative Details