Inventory Accounting
A Comprehensive Guide
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Inventory Accounting describes how to set up an accounting system that appropriately handles the accumulation of inventory costs, their summarization in the chart of accounts, and the standard journal entries to be used in order to record transactions. It also shows how to use best practices to increase the efficiency of the inventory-trackingand costing functions.
Dramatically improve inventory accuracy with bestselling author Steven Bragg's step-by-step guidelines
Inventory Accounting is a comprehensive, step-by-step guide to setting up an inventory accounting system and keeping it running at maximum efficiency. This hands-on book provides accounting professionals with essential information on how to:
_ Set up an accounting system that efficiently handles accumulating inventory costs, summarizing accounts, and standard journal entries used to record transactions
_ Use best practices to increase the efficiency of inventory-tracking and costing functions
_ Install unique controls to combat inventory fraud
_ Implement a step-by-step checklist of activities for inventory counting procedures
_ Save hours of valuable time researching various GAAP reference manuals
_ Adapt inventory tracking and costing systems to accommodate a variety of manufacturing systems
Spanning the entire spectrum of inventory accounting, Inventory Accounting deftly explores every facet of the field to help professionals eliminate inaccuracies from their inventory accounting systems.
Inventory Accounting is a comprehensive, step-by-step guide to setting up an inventory accounting system and keeping it running at maximum efficiency. This hands-on book provides accounting professionals with essential information on how to:
_ Set up an accounting system that efficiently handles accumulating inventory costs, summarizing accounts, and standard journal entries used to record transactions
_ Use best practices to increase the efficiency of inventory-tracking and costing functions
_ Install unique controls to combat inventory fraud
_ Implement a step-by-step checklist of activities for inventory counting procedures
_ Save hours of valuable time researching various GAAP reference manuals
_ Adapt inventory tracking and costing systems to accommodate a variety of manufacturing systems
Spanning the entire spectrum of inventory accounting, Inventory Accounting deftly explores every facet of the field to help professionals eliminate inaccuracies from their inventory accounting systems.
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