May 2010
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By Roy on May 31, 2010
How to calculate inventory turnover? Firstly, you must know the inventory turnover formulas. Here is the example.
Posted in Analysis and interpretation of financial statements |
By Roy on May 31, 2010
The result of inventory turnover analysis is depended on the nature of the business. If the inventory turnover increased, it is not possible to analyse that is satisfactory or unsatisfactory, because the nature of the business is unknown.
Posted in Analysis and interpretation of financial statements |
By Roy on May 31, 2010
There’re two alternatives about the inventory turnover formula, one shows the result as times p.a., another shows the result as days.
Posted in Analysis and interpretation of financial statements |
By Roy on May 30, 2010
Net realisable value (NRV) is the revenue (sales proceeds) expected to be earned in the future when the goods are sold, less any selling costs incurred.
Posted in Current assets |
By Roy on May 30, 2010
The inventory position is the person who manage and record the quantity, type, value of material or supplies about the inventory.
Posted in Current assets |
By Roy on May 30, 2010
What is inventory management? It’s a complex question. It refers to these aspects: the count of cost, the opening inventory and the closing inventory.
Posted in Current assets |
By Roy on May 29, 2010
The cost of goods sold inventory is matching with the inventory in the current accounting period. The cost of goods sold inventory = Opening inventory + Purchases – Closing inventory.
Posted in Current assets |
By Roy on May 29, 2010
Some friends may ask what is the depreciation inventory, or the relationship between the depreciation and the inventory. Actually, it’s a simple easy question.
Posted in Current assets |
By Roy on May 29, 2010
Closing inventory appears on the balance sheet as an asset. In some countries inventory is referred to as ‘stock’.
Posted in Current assets |
By Roy on May 28, 2010
The balance carried down (c/d) is a balance at the end of the accounting period which will be entered on the balance sheet representing closing balance. It’s also brought down (b/d) at the beginning of the following accounting period, representing the opening balance for the next accounting period.
Posted in Current assets |
