TAILIEUCHUNG - Inventory accounting for Business_8

Tham khảo tài liệu 'inventory accounting for business_8', tài chính - ngân hàng, kế toán - kiểm toán phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | Counting Inventory I 185 14-6 Reconciling Inventory Variances4 When a company uses a perpetual inventory system or a periodic physical count it will find some variances between the quantity found in stock and the amount listed in the inventory database. These variances will occur in the best of companies and are caused by a myriad of problems the most frequent of which is parts being physically added to or removed from the inventory without a corresponding adjustment to the underlying records. When these variances occur one should follow the series of reconciliation steps noted in this section. Each of the following steps is a filter that blocks out further action at the next step thereby continually reducing the amount of items to review as one progresses to the next reconciliation step. The steps are as follows 1. Accept variances with small dollar values. The bulk of all inaccuracies will be for large quantities of small and inexpensive items such as fitting and fasteners. These are not worth the trouble of a further review especially when there is a minimal change in the inventory cost no matter what the outcome of a recount may be. 2. Recount items with large dollar variances. The obvious next step is to recheck the count to see if there was a counting error. If this does not resolve the problem it is sometimes useful to recount the items in adjoining inventory locations in case there is a problem with a part having been incorrectly stored or counted in an adjacent space. The recount can also be extended to similar products to determine whether an item was mistaken for another part that looks the same. 3. Check the identification. Checking the part number that the counter marked down against the part number in the database for that location sometimes reveals the problem. This is because the part number on the physical part is missing is mislabeled or the code is smudged enough to alter its meaning. 4. Check the ownership. A company may have expensive parts in

TÀI LIỆU LIÊN QUAN
TỪ KHÓA LIÊN QUAN
TAILIEUCHUNG - Chia sẻ tài liệu không giới hạn
Địa chỉ : 444 Hoang Hoa Tham, Hanoi, Viet Nam
Website : tailieuchung.com
Email : tailieuchung20@gmail.com
Tailieuchung.com là thư viện tài liệu trực tuyến, nơi chia sẽ trao đổi hàng triệu tài liệu như luận văn đồ án, sách, giáo trình, đề thi.
Chúng tôi không chịu trách nhiệm liên quan đến các vấn đề bản quyền nội dung tài liệu được thành viên tự nguyện đăng tải lên, nếu phát hiện thấy tài liệu xấu hoặc tài liệu có bản quyền xin hãy email cho chúng tôi.
Đã phát hiện trình chặn quảng cáo AdBlock
Trang web này phụ thuộc vào doanh thu từ số lần hiển thị quảng cáo để tồn tại. Vui lòng tắt trình chặn quảng cáo của bạn hoặc tạm dừng tính năng chặn quảng cáo cho trang web này.