Goods in Transit Archives - SkillAbility

By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: August 26, 2026  |  38-minute read TL;DR — The Short Answer Inventory accounting training should teach staff to prove ownership, quantity, unit cost, cutoff, recoverability, and reconciliation—not simply accept the perpetual inventory report and book a year-end