The Department of Accounting at the College of Administration and Economics, University of Karbala, organized a specialized training course titled “The Impact of Inventory Valuation Methods on Financial Statements,” held from March 8 to March 10, 2026.
The course targeted undergraduate students, aiming to deepen their understanding of accounting practices related to inventory management and valuation, and the effect of accounting choices on the accuracy of final financial reports of institutions.
The course sessions were delivered by:
- Assistant Lecturer Sara Mousa Matjear
- Assistant Lecturer Zainab Salem Abdulzaid
The course covered focused theoretical and practical topics, including:
Inventory Valuation Methods: Reviewing different accounting methods (such as FIFO – First In, First Out, and the weighted average method), and the key differences between them in treating the cost of goods.
Impact on the Income Statement: Explaining how the choice of valuation method affects gross profit and net income figures, especially under conditions of market price fluctuations.
Impact on the Balance Sheet: Clarifying how inventory value is reflected as a current asset in the balance sheet and its effect on financial ratios and indicators.
Accounting Standards: Highlighting legal requirements and international standards governing the valuation process to ensure transparency and reliability.
The course witnessed strong interaction from students, as it included practical exercises and real numerical examples that helped simplify complex concepts and connect theoretical knowledge with real-world accounting practices.
