Accounting policy & practice series ; 5168-2nd.
"Bloomberg Tax Accounting Portfolio 5168-2nd, The Financial Reporting of Inventories (Accounting Policy and Practice Series), reviews the most common methods of reporting inventories, the financial statement implications of changing inventory methods, and the rules for disclosing inventory methods and practices in financial statements."
Bibliography, etc. Note
Includes bibliographical references.
Formatted Contents Note
Detailed analysis. Purpose and scope of this portfolio Basic inventory accounting concepts Perpetual inventory systems: the FIFO, LIFO, and moving average methods for recording inventories Periodic inventory system: the FIFO, LIFO, and weighted average methods for recording inventories Journal entries for perpetual versus period inventory systems Adopting an inventory method Special issues with LIFO Dollar-value LIFO Retail inventory methods Changing inventory methods Inventories of merchandisers Inventories of manufacturers Practical methods of forecasting inventory levels Inventory disclosures IFRS rules on inventories Working papers.
Digital File Characteristics
Source of Description
Title from title screen (viewed Aug. 8, 2012).