Businesses that manage inventory must rely on generally accepted principles of accounting, or GAAP, to assess and plan for their stock levels. Without inventory valuation, it would be difficult for ...

To provide guidance on accurately recording the value and minimizing the risk of loss of assets held in inventory by university service centers. UTSA service centers purchase and distribute products ...

Limited guidance from the IRS and accounting standard-setting bodies has led to a divergence in interpretation and practice for inventory valuation within the scope of business combinations. A few ...

The American Institute of CPAs’ Financial Reporting Executive Committee has posted an early working draft of guidance on inventory valuation guidance, with a goal of eventually publishing a broader ...

The AICPA Financial Reporting Executive Committee (FinREC) is seeking comments on a recently published working draft on inventory valuation. The inventory valuation material ultimately will be ...

Beginning this fiscal, tax officers have been empowered to order inventory valuation from a cost accountant at any stage of the proceedings pending before him/her. Such valuation can be sought if the ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Charlene Rhinehart is a CPA , CFE, chair of ...

Accounting for your small-business inventory seems like a straightforward matter, but actually you can value it many different ways. The method you choose can affect your taxes, the sale of your ...