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

Accounting for your small-business inventory seems like a straightforward matter, but actually you can value it many different ways. The method you choose can affect your taxes, the sale of your ...

Inventory valuation is often necessary for the purposes of evaluating and determining damages. Such damages could arise from a multitude of factors such as water intrusion, fire, theft and / or ...

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.

Tracking inventory expenditures is more than just good business practice. Properly accounting for the value of your inventory is required for tax reporting. Figuring the value of inventory may involve ...