§ Determination and ascertainment of cost unit of an items delivered in the store according to specification
and agreement with the supplier.
§ To determine the total cost of both the opening and closing stock
§ Keeping of appropriate books of accounting record and ensuring accuracy posting of inventory stock ledger.
§ Determine the actual cost price of imported inventory items base on the information available.
§ Account for all Inventory Asset, and Inventory Stock
§ Prepare monthly reconciled Inventory Status report Showing quantity & Value
§ Liaising with Store Manager, Internal Auditor in Coordinating annual Inventory Stock take to ensure
adequate Inventory Control.
§ Work in conjunction with financial accountant in the preparation of overhead and cost analysis.
§ Using various valuation method in determine appropriate cost unit of an items in the store.
§ Liaising with the store officers in the distribution and issuing of items in the store.
§ To inform management at all time about store administration and allocation of cost to various cost centre.
§ Work with financial accountant in the determination and classification of various overhead cost
§ Work with financial accountant in the preparation of forecast budget and budgetary control.
§ Work with external auditor at year-end to ensure that Inventory are properly accounted
§ Posting of inventory journal to general ledger.
15.Preparation of account receivable and account payable.