Discover the key differences in inventory accounting between GAAP and IFRS, including valuation methods, write-down reversals ...

There are two main types of business. These are businesses that deal in products and businesses that deal in services. All other types of businesses are a mix of one of these two. Think about it, as a ...

Discover when businesses must use accrual accounting and how it differs from cash accounting. Learn why it's essential for ...

If your small business manufactures goods for sale or purchases goods for resale, you need to elect a method of accounting for inventory. In a resale business, all goods purchased for resale are ...

Taxpayers that fail the gross receipts test are not eligible for the new rules governing inventory accounting. The $25 million threshold will be indexed annually for inflation; the 2025 amount is $31 ...

Accurate inventory accounting is vital, especially in the globalized world of low-cost competition. Five critical inventory accounting control lapses threaten a company’s long-term survival.

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.

LONDON--(BUSINESS WIRE)--SpendEdge forecast the global Inventory Accounting Services market is expected to grow by USD 10,124.28 million as we reach 2024. This is due to the impact of the COVID-19 ...

For February 26, 2018, my forensic accounting red flag is a tire company with a significant change to accounting policy. I pulled this highlight from yesterday’s research of 128 10-K filings, from ...

When disaster hits, the last thing you want is to argue about what you owned and what it was worth. Yet that is exactly where ...