Discover what inventory means, its essential types like raw materials and finished goods, and strategies for effective ...

Accounting practices in the U.S. have improved over the years, but there are still plenty of ways that companies can manipulate their financial results. And not just in the usual ways--the balance ...

Determining the cost or valuation of inventory held in a company is an important management task. Inventory often represents a large portion of total assets on the balance sheet and the method used to ...

A business on occasion must make a deposit on inventory it is buying before it will be shipped. The purchase may be from a new vendor that the business is trying to establish credit with, or the ...

IMGCAP(1)]Inventory management is the practice of planning, directing and controlling inventory so that it contributes to the business' profitability. Inventory is an asset on the balance sheet that ...

The Financial Accounting Standards Board has issued a pair of proposed accounting standards updates on the classification of debt in a classified balance sheet (current versus noncurrent), and changes ...

For February 26, 2018, my forensic accounting red flag is a tire company with a significant change to accounting policy. I pulled this highlight from yesterday’s research of 128 10-K filings, from ...

Enterprise accounting software is designed for large companies and businesses. Here are the top seven enterprise accounting software suites. Oracle NetSuite ERP (NetSuite) is an enterprise solution ...

Capital equipment records are verified at least once every two years to ensure that the inventory records within the asset management system are accurate. Capital equipment inventory verification ...