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Professor’s Requirements:
The topic is “Financial Aspects of Inventory Management”. There are many issues related to how inventory is managed and reported in corporate financial statements. Please discuss some of these financial considerations and how they need to be managed. Among the factors you may wish to focus on are:
– Timing of inventory reporting
– Products in transit: when do they hit financial statements
– How inventory is costed: how reported value is determined
– How inventory-carrying cost is calculated
– What costs to use for claims, write-offs and donations
The above is not an inclusive list so if other factors occur to you please include them in your discussion. The paper should be a 4-double spaced typed page in length. A hard copy version is due in Class.
Note:
APA STYLE FOR YOUR CITATION.
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