Inventory, particularly material inventory, is a technical area in O&G and its accounting requires technical know-how to efficiently account and report. Using external experts is an efficient consideration

KKGO Inventory Accounting consultants support clients during inventory count, material inventory accounting and product inventory valuation.

Inventory Count - We offer periodic inventory counts by assigning qualified personnel to represent clients during periodic and year-end inventory counts.

Material Inventory - Our team of consultants are seasoned professionals in the accounting and management of specialised material inventories for high-risk ventures such as the oil & gas, mining and similar industries. We assign specialised technical consultants as required.

Our consultants are experienced users of ERP systems and employ their knowledge to handle the accounting side of inventory management. We work with warehouse staff through regular engagements to ensure physical handling and movement of material inventory aligns with their accounting treatments.

Our team of professionals’ work with the client to answer queries from statutory and Joint Venture (JV) auditors.

Product Inventory - Our team works with the financial reporting team of our clients by providing models for inventory valuation and assisting with accounting for the inventory. We also work with client’s auditors to provide the necessary walk-throughs and explanations.