Description |
1 online resource (xi, 243 pages) : illustrations |
Contents |
Inventory Data Collection -- Inventory and Manufacturing Systems -- Inventory Control Systems -- Inventory Fraud -- Inventory Measurements and Internal Reports -- Budgeting for Inventory -- Inventory Valuation -- LIFO, FIFO, and Average Costing -- The Lower of Cost or Market Calculation -- Applying Overhead to Inventory -- Joint and By-Product Costing -- Obsolete Inventory -- Inventory Transactions -- Inventory Special Topics -- IRS Inventory Rules -- Counting Inventory -- Inventory Best Practices -- Inventory Transfer Pricing |
Summary |
Annotation Dramatically improve inventory accuracy with bestselling author Steven Bragg's step-by-step guidelinesInventory Accounting is a comprehensive, step-by-step guide to setting up an inventory accounting system and keeping it running at maximum efficiency. This hands-on book provides accounting professionals with essential information on how to:* Set up an accounting system that efficiently handles accumulating inventory costs, summarizing accounts, and standard journal entries used to record transactions* Use best practices to increase the efficiency of inventory-tracking and costing functions* Install unique controls to combat inventory fraud* Implement a step-by-step checklist of activities for inventory counting procedures* Save hours of valuable time researching various GAAP reference manuals* Adapt inventory tracking and costing systems to accommodate a variety of manufacturing systemsSpanning the entire spectrum of inventory accounting, Inventory Accounting deftly explores every facet of the field to help professionals eliminate inaccuracies from their inventory accounting systems |
Notes |
Includes index |
|
English |
|
Print version record |
Subject |
Inventories -- Accounting.
|
|
Inventory control.
|
|
inventorying.
|
|
BUSINESS & ECONOMICS -- Accounting -- Financial.
|
|
Inventories -- Accounting
|
|
Inventory control
|
Form |
Electronic book
|
ISBN |
0471718726 |
|
9780471718727 |
|
9780471356424 |
|
0471356425 |
|