References in periodicals archive ?
The restatement is due to errors identified in connection with the Company's previously disclosed implementation of new inventory valuation estimation methods, processes and controls, and other previously disclosed errors.
Traditional accounting and financial control systems (including budgeting, inventory valuation, overhead allocations, cost accounting, and financial reporting) have emerged as significant barriers to deep implementation of lean practices.
Lines 18, Part III and 34, Part IV, are both described as inventory valuation adjustments.
An automobile dealer that uses the safe-harbor method must maintain records supporting all aspects of its inventory valuation, including a price list.
The risk manager also overlooked the effect inventory valuation conventions have on the choice of a retention, especially if the company has set its retention as a multiple of daily earnings.
He concluded that since the venture was a business, and the land was inventory, then the lower of cost and market method of inventory valuation could be applied.
The Tax Court was faced with two questions: (1) does the use of a replacement cost valuation method by a LIFO taxpayer clearly reflect income and (2) if it does, could Mountain State use such method when it filed Form 970, adopting the most recent purchases inventory valuation method?
Prior to giving effect to a non-cash inventory valuation adjustment caused by the continued decline of world crude oil and product prices, operating income was $20.
The court accepted the taxpayer's inventory valuation based on catalogue list prices, less dealer discounts and selling expenses.
will provide inventory valuation and liquidation services to a wide range of financial institutions, retailers and manufacturers.
All three of the inventory valuation methods presented in Rev.