Businesses that manage inventory must rely on generally accepted principles of accounting, or GAAP, to assess and plan for their stock levels. Without inventory valuation, it would be difficult for ...

Learn how the specific identification method lets you track individual inventory costs and improve sales insights. Ideal for ...

Several methods exist for valuing inventory on hand. The university allows First-In, First-Out (FIFO) and Weighted Average methods. There are advantages and disadvantages to both, but each assigns a ...

Every business must capture the value and cost of its inventory to produce financial statements and calculate profit. However, not every business has to use the same valuation method. There are pros ...

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 ...

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.

Choosing the best approach to counting the value of your inventory is essential to determining your business's true value. These three options provide different benefits that could make the difference ...

Final rules clarify retailers’ treatment of vendor discounts in inventory valuation. Final regulations restate and clarify retailers’ computation of ending inventory value, including the application ...

Opinions expressed by Entrepreneur contributors are their own. Q: I have just started an online store where I will hold some inventory and want to know how I will be taxed, what tax forms I need to ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance ...