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Stock taking definition

Accounting Tools

There may also be a verification step, where the count results are compared to the inventory unit counts in a company's computer system. Stock taking is a common requirement of a periodic inventory system , and may also be required as part of a company's annual audit.

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BONUS | CMA 50th Anniversary: Attracting the Best and the Brightest

IMA's Count Me

I rarely ever used computers for school until I came to college, really. And gradually more and more classes switched to exams on the computer. And it was totally computer based. So it's definitely different, but I think it sounds like it's still pretty similar, but a lot more computer based and electronic.

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Bonus | CMA 50th Anniversary: Continuing to Attract the Best and the Brightest

IMA's Count Me

And, so, I ended up going back to school to get my Master's in Accounting. But I was really frustrated because when I started working on my Master's in Accounting, the real big push was for tax and audit, all the time. So that's how I heard about the CMA within my cost accounting class.

CPA 40