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inventory accounting

/ˈɪnvəntri əˈkaʊntɪŋ/

1 entry

phrase

/ˈɪnvəntri əˈkaʊntɪŋ/C1formalbusiness
  • ruМетод бухгалтерского учета, который отслеживает и оценивает запасы компании, включая сырье, незавершенное производство и готовую продукцию, для целей финансовой отчетности и управления затратами.

A method of accounting that tracks and values a company's inventory, including raw materials, work-in-progress, and finished goods, for financial reporting and cost management purposes.

  1. Inventory accountingC1formal

    The body of accounting methods and principles used to track the value of a company's inventory, including raw materials, work-in-progress, and finished goods.

    ruУчет запасов

    • Inventory accounting helps businesses determine the cost of goods sold.
    • The company uses the FIFO method for its inventory accounting.
    • Accurate inventory accounting is crucial for financial reporting.