inventory accounting

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- Inventory accounting

More than 10.000 documents for inventory accounting

- Study Documents Ifrs Hit to Inventory Accounting
That?s why a switch away from LIFO is so frightening, he says. ?If companies are using LIFO, they probably have for decades,? he explains. ?That means they have inventory on the books at extraordinarily low prices. If they lose the tax benefit of using LIFO, all the benefit they?ve ever gotten from using LIFO is going to come back to bite them. All the benefit that a company has ever gotten from using LIFO comes undone essentially all at once.?
- Compliance Week
- Vol. 6 Nbr. 62, March 2009
- Rfid: Wireless Innovations in Inventory Monitoring and Accounting
Radio-frequency identification (RFID) systems are rapidly replacing many Universal Product Code (UPC) and manual systems to monitor and account for inventories. For many companies, RFID promises highly automated, paperless inventory systems with significant benefits, profoundly affecting the way business is conducted. RFID isn't without its disadvantages, however, and actually increases some risks. This article examines the pros and cons of RFID and offers suggestions for companies that are considering reengineering their legacy inventory systems. Potentially, RFID systems have two major advantages when compared to legacy UPC systems: 1. the range at which data can be read or transmitted and 2. the volume of information that can be stored and conveyed. The major drawback of RFID systems...
- Strategic Finance
- Vol. 91 Nbr. 6, December 2009
- Trex Company Announces LIFO Inventory Accounting Change from Specific Goods to Link Chain.
WINCHESTER, Va. -- Trex Company, Inc. (NYSE: TREX) today announced a change in its accounting for inventories from a Specific Goods last in, first out...
- Business Wire
- February 17, 2011

- 10 USC 2410 - Sec. 2410b. Contractor inventory accounting systems: standards
- U.S. Code - Title 10: Armed Forces
- Pactiv Announces Inventory Accounting Change from LIFO to FIFO.
LAKE FOREST, Ill. -- Pactiv Corporation (NYSE: PTV) today announced a change in accounting for inventories from a combination of the use of the last i...
- Business Wire
- December 21, 2009
- Taking the complexity out of simplified LIFO.
Inventory accounting method
- Journal of Accountancy
- Vol. 192 Nbr. 1, July 2001
- General Cable Announces Inventory Accounting Change from LIFO to Average Cost; Updates Earnings Guidance for Accounting Change; Shareholders' Equity Expected to Increase $110 to $130 Million.
HIGHLAND HEIGHTS, Ky. -- General Cable Corporation (NYSE: BGC), today announced a change in accounting for inventories from the last-in, first-out (LI...
- Business Wire
- March 18, 2010
- In re Setinsek, (Ohio 2012)
PROBATE - guardianship; attorney fees; duties of the guardian; R.C. 2111.14(A); inventory and accounting; R.C. 2109.302(A); direct benefit to the estate/ward; Sup.R. 71(E); removal of guardian
- Ohio Supreme Court
- Hudson's Bay Company Taps QuantiSense to Improve Retail Analytics, Transition to Cost Method of Inventory Accounting.
QuantiSense to Support Canada's Largest Diversified Retailer with Analytics for Greater Management and Consistent, Action-Oriented Reporting across It...
- Business Wire
- November 10, 2009
- Is There Lifo After Ifrs?
Given the rapid move toward globalization in the business world, the accounting profession has also recently seen many changes including adoption of international financial reporting standards (IFRS) by the EU and other countries, the move toward international convergence by US GAAP, and most recently the expectation that US firms will adopt international standards soon. Some of those standards differ significantly from current US standards. This paper addresses IAS 2, the standard for inventory, which prohibits the use of LIFO. We ask the question, will the US ask for a carve-out to allow the use of LIFO once the IFRS are adopted? We ask this question, via survey, of both accounting faculty and accounting practitioners, to investigate the current thinking of the professional accounting...
- Allied Academies International Conference. Academy of Accounting and Financial Studies. Proceedings
- Vol. 14 Nbr. 2, July 2009