Physical Inventory - Performing the Physical Inventory (KLplus CPE Course)

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In this course, we will cover performing the physical inventory and the risks associated with this phase of the inventory process.

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Learning Objectives:

Upon completion of this course, you will be able to:

  • Distinguish between Free Onboard Shipping Point and Free Onboard Destination
  • Identify physical inventory counting approaches and best practices
  • Identify guidelines for recording, analyzing and finalizing inventory counting results

Estimated Course Duration: 58 minutes (1 CPE) Note: In order to earn CPE credit, you must complete the training module within one year of enrollment and score 70% or above on the final exam.

Delivery Method: Online Self-Study

Field of Study: Auditing

Program Level: Basic

Advance Preparation/Prerequisites: None


Complaint Resolution Policy/Refund Policy:

For more information regarding refund, complaint and program cancellation policies, please email us at [email protected].



Protiviti is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: