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    Inventory Management Assignment

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    Haseeb Ahmed
    This document outlines an assignment for students in an inventory management class to visit a local retail business in groups. The objective is to learn about inventory systems and controls firsthand. Students must select a team of 3-5 members and a store to visit. When visiting, they should interview the store manager about the store's inventory accounting system, costing methods, and internal controls. Students will then prepare a 5-7 minute PowerPoint presentation to present their findings to the class.

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    Inventory Management Assignment

    Uploaded by

    Haseeb Ahmed
    380 views2 pages
    This document outlines an assignment for students in an inventory management class to visit a local retail business in groups. The objective is to learn about inventory systems and controls firsthand. Students must select a team of 3-5 members and a store to visit. When visiting, they should interview the store manager about the store's inventory accounting system, costing methods, and internal controls. Students will then prepare a 5-7 minute PowerPoint presentation to present their findings to the class.

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    Inventory Management Assignment

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    This document outlines an assignment for students in an inventory management class to visit a local retail business in groups. The objective is to learn about inventory systems and controls firsthand. Students must select a team of 3-5 members and a store to visit. When visiting, they should interview the store manager about the store's inventory accounting system, costing methods, and internal controls. Students will then prepare a 5-7 minute PowerPoint presentation to present their findings to the class.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    380 views2 pages

    Inventory Management Assignment

    Uploaded by

    Haseeb Ahmed
    This document outlines an assignment for students in an inventory management class to visit a local retail business in groups. The objective is to learn about inventory systems and controls firsthand. Students must select a team of 3-5 members and a store to visit. When visiting, they should interview the store manager about the store's inventory accounting system, costing methods, and internal controls. Students will then prepare a 5-7 minute PowerPoint presentation to present their findings to the class.

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    © All Rights Reserved
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    You are on page 1of 2

    PAF – Karachi Institute of Economics and Technology North Campus

    Course: Inventory Management


    Faculty: Haris Malik
    Class ID:
    Date: 23rd January 2018

    10 Marks
    TEAM “ROAD TRIP” ASSIGNMENT

    OBJECTIVE: The objective of this assignment is to work in a group setting and


    to expose you to a “first hand” application of the concepts we discuss in class
    regarding inventory systems and internal controls. The assignment requires
    that each team visit a different local retail business

    REQUIREMENTS
     Select a “team” to work with. Each team should be made up of 3 to 5
    students. If you do not select a team for yourself, the instructor will create
    the teams. Select teams by __________.

     Select a local retail business to visit, such as a hardware store, clothing store,
    appliance store, music store, book store or grocery store. The store may be a
    branch of a larger company. Select store by __________. Post the name of retail
    business that you have selected (and your group member’s names) on the
    message board in the Road Trip Folder on Angel. REMEMBER IT IS A BUSY
    TIME FOR MOST RETAILERS. Be sure to have a few “back ups” in mind.

     Make an appointment to visit the business and interview the store manager
    for approximately 30 minutes about the company’s inventory accounting
    system, asking the following questions and any additional questions:

    Inventory Accounting System


    a. Does the business have a computerized or manual inventory system?
    b. What is the physical flow of merchandise into the store, and what
    documents are used in connection with this flow?
    c. What documents are prepared when the merchandise is sold?
    d. Does the store keep perpetual inventory records? If so, does it keep
    the records in units only, or does it keep track of cost as well? If not,
    what system does the store use?
    e. How often does the store take a physical inventory?
    f. What procedures are followed in taking a physical inventory?
    g. What kinds of inventory reports are prepared or received?
    h. How are the financial statements generated for the store?
    i. What method does the company use to cost its inventory?

    Page 1 of 2
    Internal Control Structure:

     How does the company protect against inventory theft and loss? What
    control activities, including authorization, recording transactions,
    documents and records, physical controls, periodic checks, separation
    of duties, and sound personnel policies, does the company use?
     Can you see these control procedures in use?

    Be sure to record any other interesting observations your group has


    made while in the store.

     Prepare a 5-7 minute PowerPoint presentation on your findings to be


    presented in class on
    __________.

    Presentations will be evaluated based on a set of established


    criteria. No written report required.

    Be sure to include what type of business it is, what products it sells,


    etc.

    BE CREATIVE : IT COUNTS AND MAKES FOR AN INTERESTING


    PRESENTATION!!

    Page 2 of 2

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