Demystifying Inventory Costing in Microsoft Dynamics 365 Business Central
Inventory costing is one of those topics that looks straightforward on the surface and gets complicated fast the moment real business scenarios enter the picture. Get it wrong and the impact shows up directly in your financials. Get it right and you become the consultant clients trust when the numbers need to make sense. In this expert session, Microsoft MVP and MCT Berny Düring takes you from the fundamentals all the way through to advanced costing strategies in Business Central, in a single focused session.
Berny breaks down every costing method available in Business Central, FIFO, LIFO, Bucketed Weighted Average, Specific and Standard Cost, explains how to set them up correctly and shows you exactly what impact each one has on a business's financials. This is the session that turns a topic many consultants avoid into one of your strongest areas of expertise.
Stop guessing which costing method fits. Start knowing why it matters and what to recommend.
1. Introduction
- Overview of session's objectives and what participants can expect to learn
2. What is Inventory Costing?
- Insights into what Inventory Costing is and how businesses use this to allocate costs to their inventory items
3. Drilldown on different costing methods
- Learn the difference between: FIFO, LIFO, Bucketed Weighted Average, Specific and Standard Cost
4. Setup and configuration options
- Learn how to set up and configure each costing method
5. Costing methods and their impact
- Understand what impact each costing method can have on a business' financials
6. Best Practices
- Learn about Best Practices to ensure accurate inventory valuation and financial reporting
7. Q&A Session
- An opportunity for participants to ask questions and clarify doubts.
Calendar
| Webinar | Price | Actions |
|---|---|---|
| 22/06/2026 (15:00 - 16:30 CET/CEST) | € 75,00 | Register |
Enjoy a discount and leverage your Companial Service Funds.
This course is part of the Business Central Consultant Learning Journey
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Who is this course for?
Functional Consultants working with Microsoft Dynamics 365 Business Central who want to build or solidify their understanding of inventory costing, from the foundational concepts through to setup, configuration and financial impact.
What will you learn?
- What inventory costing is and how businesses use it to allocate costs to their products
- The key differences between FIFO, LIFO, Bucketed Weighted Average, Specific and Standard Cost
- How to set up and configure each costing method in Business Central
- How different costing methods impact a business's financials and what to watch out for
- Best practices for accurate inventory valuation and financial reporting
- Why Business Central's costing capabilities stand out compared to other ERP systems