වාර්ෂික ගබඩා සමීක්ෂණය
One-Day Practical Training Programme for Store Keepers, Accountants, Internal Auditors, Administrative Officers, and Public Sector Managers
Improve Inventory Control, Strengthen Accountability, and Ensure Compliance with Financial Regulations
Annual Stock Verification is an essential control mechanism used by government institutions to confirm the existence, condition, accuracy, and accountability of inventory and stores. Proper stock verification helps prevent losses, detect discrepancies, strengthen internal controls, and ensure compliance with Financial Regulations and audit requirements.
This practical training programme is designed to provide public sector officers with the knowledge and skills required to plan, conduct, supervise, and report annual stock verification exercises effectively.
More Details:
Phone: 0777 889838
Why Annual Stock Verification is Important
Government institutions maintain large quantities of stores, consumables, equipment, spare parts, medicines, educational materials, and other inventory items. Without proper stock verification, organizations may face:
- Inventory shortages
- Unaccounted stock losses
- Excess and obsolete inventory
- Fraud and misappropriation
- Audit observations
- Inaccurate financial records
- Weak inventory controls
- Financial losses
Regular stock verification strengthens accountability and improves inventory management.
Who Should Attend?
This programme is suitable for:
- Store Keepers
- Store Supervisors
- Accountants
- Chief Accountants
- Internal Auditors
- Administrative Officers
- Procurement Officers
- Inventory Management Officers
- Project Officers
- Finance Officers
- Directors
- Provincial Council Officers
- Local Authority Officers
- University Administrative Staff
- State Corporation Officers
- Ministry and Department Officials
Learning Objectives
At the end of the programme, participants will be able to:
- Understand annual stock verification requirements
- Plan and conduct stock verification exercises
- Reconcile physical stock with records
- Identify inventory discrepancies
- Prepare stock verification reports
- Strengthen inventory control systems
- Improve audit compliance
- Reduce inventory-related risks
Course Content
Introduction to Annual Stock Verification
- Importance of Stock Verification
- Objectives of Annual Stock Surveys
- Financial Regulations and Circular Requirements
- Responsibilities of Management and Store Officers
- Audit Expectations
Inventory Management Fundamentals
- Types of Inventory
- Stock Control Principles
- Inventory Classification
- Stock Records and Registers
- Bin Cards and Ledger Systems
Planning the Annual Stock Verification
- Establishing Verification Committees
- Verification Schedules
- Scope of Verification
- Preparation of Stores and Records
- Verification Procedures
Conducting Physical Stock Counts
- Stock Counting Techniques
- Verification Procedures
- Identification of Inventory Items
- Handling Large Inventories
- Verification of Special Items
Stock Reconciliation
- Comparing Physical Stock with Records
- Identifying Shortages and Surpluses
- Investigating Variances
- Documentation Requirements
- Corrective Actions
Verification of Fixed Stores and Equipment
- Furniture and Equipment Verification
- Tools and Machinery Verification
- Vehicle-Related Inventory
- High-Value Asset Verification
- Asset Tagging Systems
Obsolete and Slow-Moving Inventory
- Identifying Obsolete Stock
- Excess Inventory Management
- Disposal Procedures
- Write-Off Requirements
- Inventory Optimization
Internal Controls over Inventory
- Segregation of Duties
- Authorization Procedures
- Security Controls
- Stock Issue Procedures
- Monitoring Mechanisms
Preparing Stock Verification Reports
- Report Formats
- Recording Findings
- Variance Analysis
- Recommendations
- Management Reporting
Audit Issues and Compliance
- Common Audit Findings
- Missing Inventory
- Weak Stock Controls
- Incomplete Records
- Unapproved Write-Offs
- Best Practices for Audit Readiness
Common Stock Verification Problems Discussed
Participants will learn how to address:
- Inventory shortages
- Excess stock balances
- Damaged inventory
- Obsolete items
- Missing records
- Weak store controls
- Unauthorized stock issues
- Stock reconciliation problems
- Repeated audit observations
Practical Exercises Included
Participants will gain practical experience in:
- Stock Counting Procedures
- Inventory Reconciliation
- Stock Verification Checklists
- Variance Investigations
- Inventory Reporting
- Internal Control Assessments
- Audit Review Exercises
Benefits of Attending
Participants Will Learn How To:
✔ Conduct effective annual stock verification exercises
✔ Improve inventory accuracy
✔ Strengthen store management practices
✔ Reduce stock losses and wastage
✔ Improve audit compliance
✔ Maintain accurate inventory records
✔ Identify inventory control weaknesses
✔ Enhance accountability for public resources
Why Choose PRAG Institute?
PRAG Institute has extensive experience conducting professional training programmes for government institutions, ministries, provincial councils, local authorities, universities, and state-owned enterprises throughout Sri Lanka.
Our programmes focus on practical implementation, Financial Regulations, audit expectations, inventory management best practices, and real-world public sector challenges.
Frequently Asked Questions
Is this programme suitable for store keepers?
Yes. The programme is specifically designed for store keepers, inventory officers, and officers responsible for stock management.
Will Financial Regulations be discussed?
Yes. Relevant Financial Regulations, Treasury requirements, and audit expectations relating to annual stock verification will be covered.
Is the programme relevant to government institutions?
Absolutely. The programme focuses on public sector inventory management and accountability requirements.
Will practical examples be included?
Yes. Participants will work through real-life stock verification scenarios, reconciliation exercises, and reporting examples.
Register for the Annual Stock Verification Training Programme
Develop the skills needed to conduct accurate stock verification exercises, improve inventory controls, and strengthen accountability within your organization.
Contact PRAG Institute
Phone: 0777 889838
Email: info@pragservice.com
Website: www.pragservice.com