Tech companies are finally admitting it: A lot of gear that was supposed to change the world is now worth about as much as a used sofa. In the past few weeks, a steady stream of tech companies has ...

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 ...

Calculate ending inventory for the current reporting period. Your books and records should have a reasonable value, but some inventory changes may not be recorded properly, resulting in an apparent ...

For product-oriented business models, inventory turnover or the efficient use of inventory can greatly affect the gross profit of a business. Likewise, an accounting ...

An audit of textbooks at 21 local high schools has found that lost books and excessive purchases at these campuses cost the Los Angeles Unified School District nearly $10 million. Such problems are ...

It is worth noting that to qualify for this exemption, the payment for such transactions must be in a foreign currency. To prevent the deferral of taxes through undervaluation of inventory, the income ...

As a result, LIFO doesn't provide an accurate or up-to-date value of inventory because the valuation is much lower than inventory items at today's prices. Also, LIFO is not realistic for many ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. Effective inventory management is vital for any ...

Dallas-based Half Price Books has made it to 40 years in business and 116 stores in 16 states without being able to tell a customer whether a book is in stock. Finally, store employees can fulfill ...