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Perpetual inventory

Unit 2: Accounting for MaterialsTopic 5 of 7
Browse the Cost and Management Accounting syllabus

Cost and Management Accounting

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What the syllabus expects

  • Concept and techniques

Perpetual inventory

Bachelor of Business Studies (BBS) — Second Year

Subject: Cost and Management Accounting (MGT 212)

Unit 2: Accounting for Materials

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

  • Explain the scope and key elements of perpetual inventory.
  • Prepare the relevant cost records or calculations and interpret their use in managerial planning and control.

Curriculum Scope

  • Concept and techniques

Detailed Microsyllabus

  1. Perpetual inventory

    1. Continuous records of stock receipts and issues.
    2. Quantity and value balances.
    3. Links with stores and accounting records.

  2. System operation

    1. Continuous or periodic physical verification.
    2. Reconcile records with actual stock.
    3. Investigate discrepancies and update records.

Curriculum reference: Tribhuvan University, Faculty of Management, revised four-year BBS curriculum, PDF pages 31-34.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit or component allocations apply at their stated level; no separate topic hours or marks are assigned here.