Deloitte inventory guide

Roadmap Series. Previous Section Next Section. Navigate SEC reporting obligations related to business acquisitions with our comprehensive Roadmap, featuring SEC guidance and Deloitte's interpretations.

Other Publications. Additional Deloitte Guidance. Chapter 1 — Assets. Previous Section Next Section. GAAP are essentially the same. The primary differences between the two frameworks regarding the accounting for inventories relate to costing methods and impairment reversals, as summarized in the table below.

Deloitte inventory guide

You must log in to view this content and have a subscription package that includes this content. ASC Inventory. Previous Section Next Section. This Topic provides guidance on the accounting and reporting of inventory in the financial statements. Read more. Additional Resources. Deloitte Guidance — Overall. ASC provides guidance on the accounting and reporting of inventory in the financial statements. ASC notes the following concerning inventory balances: An inventory has financial significance because revenues may be obtained from its sale, or from the sale of the goods or services in the production of which it is used. Normally such revenues arise in a continuous repetitive process or cycle of operations in which goods are acquired, created, and sold, and further goods are acquired for additional sales. Thus, the inventory at any given date is the balance of costs applicable to goods on hand remaining after the matching of absorbed costs with concurrent revenues. This balance is appropriately carried to future periods provided it does not exceed an amount properly chargeable against the revenues expected to be obtained from ultimate disposition of the goods carried forward.

Deloitte Guidance — Overall. This Roadmap provides an overview of the guidance in ASC as well as insights into and interpretations of how to apply it in practice. Save and exit Previous Cancel.

Making the case for inventory optimization has been saved. Making the case for inventory optimization has been removed. An Article Titled Making the case for inventory optimization already exists in Saved items. The days of inventory being considered an asset with expected rate recovery are long gone. Inventory investment is increasingly under scrutiny by both management and the utility commissions—meaning that inventory optimization needs to be effectively managed and budgeted.

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Deloitte inventory guide

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Deloitte Guidance — Overall. It is for your own use only - do not redistribute. The edition of this Roadmap includes several new discussions that address the presentation of cash flows related to topics such as tax receivable agreements, purchases and sales of crypto assets, and excise taxes paid on treasury stock transactions. Suggested guidance. You can set the default content filter to expand search across territories. Navigation Standards. What inventory management method is right for you? Click here to request deletion of your account. Please ensure that you select Print Background colors and images when printing. GAAP are essentially the same. Deloitte e-learning — IAS 2 18 Oct

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Keep me logged in. ASC provides guidance on the accounting and reporting of inventory in the financial statements. Please ensure that you select Print Background colors and images when printing. Hello and welcome to Viewpoint Your go-to resource for timely and relevant accounting, auditing, reporting and business insights. This Roadmap provides a comprehensive discussion of the guidance in ASC on the identification, classification, measurement, and presentation and disclosure of derivative instruments, including embedded derivatives. Five levers of inventory management There are five inventory management methods that all have unique impacts—companies can use one or multiple methods. Search within this section Select a section below and enter your search term, or to search all click Inventory Guide. Are you still working? A secondary impact on inventory is related to regulatory lag. The update contains new and expanded discussion of certain matters related to calculating basic and diluted earnings per share.