## Overview

This module introduces inventory management and basic cost recording concepts, including inventory documentation, stocktaking procedures, and the distinction between capital and revenue expenditure. Topics include perpetual vs periodic systems and asset register basics.

## 1. Inventory records and documentation

- [Goods inwards, goods outwards, and returns](acca-fa1-inventory-records-and-documentation-goods-inwards-goods-outwards-and-returns.md)
- [Perpetual vs periodic records](acca-fa1-inventory-records-and-documentation-perpetual-vs-periodic-records.md)
- [Carriage, packaging, and purchase price components](acca-fa1-inventory-records-and-documentation-carriage-packaging-and-purchase-price-components.md)

## 2. Inventory counts and adjustments

- [Stocktake procedures and variances](acca-fa1-inventory-counts-and-adjustments-stocktake-procedures-and-variances.md)
- [Recording losses, damage, and write-downs](acca-fa1-inventory-counts-and-adjustments-recording-losses-damage-and-write-downs.md)
- [Reconciliation of physical to records](acca-fa1-inventory-counts-and-adjustments-reconciliation-of-physical-to-records.md)

## 3. Capital and revenue expenditure basics

- [Identifying capital items vs expenses](acca-fa1-capital-and-revenue-expenditure-basics-identifying-capital-items-vs-expenses.md)
- [Recording acquisitions and disposals](acca-fa1-capital-and-revenue-expenditure-basics-recording-acquisitions-and-disposals.md)
- [Simple asset register entries](acca-fa1-capital-and-revenue-expenditure-basics-simple-asset-register-entries.md)

Free ACCA FA1 Inventory and Cost Recording Basics Study Guide