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GLGi: Behind the Scenes in Retail Accounting

Time & Location

Originally Presented: November 13, 2007

Presenter(s):

Edward Weinstein, CPA
Principal, , Edward A. Weinstein, CPA
Member of the Accounting & Financial Analysis council

Agenda:

  • The retail inventory accounting method and its effect on inventory manipulation, markdowns and reduction of costs
  • Types of vendor allowances and how they are given
  • Markup cancellation versus markdowns
  • Programs which ensure the retailer the sell-through of merchandise and/or necessary margins
  • Issues in the accounts payable area of retailers which may indicate the health of a retailer

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A program focused on educating business and investment professionals through seminars on current trends and core concepts in various industries. Detailed workbooks distributed at the Seminars provide educational reference materials for later review. The GLG institute website. www.glginstitute.com, enables clients to increase thier own industry education by proposing new seminar topics or adding agenda terms to currently scheduled seminars.


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