Difference between revisions of "Inventory valuation / inventory change"
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== IGC-DEFINITION (abbreviated) == | == IGC-DEFINITION (abbreviated) == | ||
− | '''Inventory valuation / inventory change / [[:de:Bestandsbewertung / Bestandsveränderung|Bestandsbewertung / Bestandsveränderung]]'''<br> | + | '''Inventory valuation/inventory change / [[:de:Bestandsbewertung / Bestandsveränderung|Bestandsbewertung/Bestandsveränderung]]'''<br> |
Depending on its purpose (fiscal/balance sheet valuation or business analysis), ware-house inventory valuation can be based on various methods. The guiding principle for inventory valuation is: "Cost or market, whichever is lower". | Depending on its purpose (fiscal/balance sheet valuation or business analysis), ware-house inventory valuation can be based on various methods. The guiding principle for inventory valuation is: "Cost or market, whichever is lower". | ||
As a rule, stocks are evaluated at the historic purchase price or full cost of goods manufactured. More specifically, the following measurements or valuation procedures may be used: | As a rule, stocks are evaluated at the historic purchase price or full cost of goods manufactured. More specifically, the following measurements or valuation procedures may be used: | ||
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[http://www.igc-controlling.org/EN/_publikationen/publikationen.php IGC-Controller-Wörterbuch, International Group of Controlling (Hrsg.), 4. Auflage, Schäffer-Poeschel, Stuttgart, 2010] | [http://www.igc-controlling.org/EN/_publikationen/publikationen.php IGC-Controller-Wörterbuch, International Group of Controlling (Hrsg.), 4. Auflage, Schäffer-Poeschel, Stuttgart, 2010] | ||
+ | |||
+ | == 15 Things You Should Give Up To Be Happy == | ||
+ | |||
+ | Here is a list of 15 things which, if you give up on them, will make your life a lot easier and much, much happier. We hold on to so many things that cause us a great deal of pain, stress and suffering and instead of letting them all go, instead of allowing ourselves to be stress free and happy we cling on to them. Not anymore. Starting today we will give up on all those things that no longer serve us, and we will embrace change. Ready? Here we go: | ||
+ | |||
+ | [[http://goodvillenews.com/15-Things-You-Should-Give-Up-To-Be-Happy-r1EA1L.html 15 Things You Should Give Up To Be Happy]] | ||
+ | |||
+ | [[http://goodvillenews.com/wk.html GoodvilleNews.com - good, positive news, inspirational stories, articles]] | ||
+ | |||
+ | == Little Things You Can Do to Make the World a Lot Nicer == | ||
+ | |||
+ | A few years ago, Debbie Tenzer was feeling overwhelmed by all the crises in the news. But rather than give in to despair, she thought, Maybe I cant solve our big problems, but I know I can do something. | ||
+ | |||
+ | [[http://goodvillenews.com/Little-Things-You-Can-Do-to-Make-the-World-a-Lot-Nicer-PxxL5F.html Little Things You Can Do to Make the World a Lot Nicer]] | ||
+ | |||
+ | [[http://goodvillenews.com/wk.html GoodvilleNews.com - good, positive news, inspirational stories, articles]] | ||
+ | |||
+ | == Rainbow of Colorful Critters Discovered in Suriname == | ||
+ | |||
+ | A scientific expedition into one of the worlds last pristine tropical forests has revealed incredibly diverse species and extraordinary cultural heritage, said Conservation International (CI) today, announcing the results of a scientific survey in southwest Suriname that documented nearly 1,300 species, including 46 species which may be new to science. The announcement comes as the global organization marks 25 years of science-based conservation, this month. | ||
+ | |||
+ | [[http://goodvillenews.com/Rainbow-of-Colorful-Critters-Discovered-in-Suriname-TjkvIE.html Rainbow of Colorful Critters Discovered in Suriname]] | ||
+ | |||
+ | [[http://goodvillenews.com/wk.html GoodvilleNews.com - good, positive news, inspirational stories, articles]] | ||
+ | |||
+ | == Not Your Usual Panhandler == | ||
+ | |||
+ | Doug Eaton wanted to celebrate his birthday on June 11 in a big way, so he turned to his friends for ideas -- ended up marking the day with random acts of kindness, including handing out free money to people passing by. | ||
+ | |||
+ | [[http://goodvillenews.com/Not-Your-Usual-Panhandler-6kQtGi.html Not Your Usual Panhandler]] | ||
+ | |||
+ | [[http://goodvillenews.com/wk.html GoodvilleNews.com - good, positive news, inspirational stories, articles]] | ||
+ | |||
+ | == Starting A Slow Story Movement == | ||
+ | |||
+ | "It is said that we become the stories that we tell among ourselves. This might have been true before we became salespersons. For a few decades now, I think we have become numb to the stories that we tell among ourselves. So stories have become shorter and crisper to the length of a tweet. We are so committed to telling a story to the point that finally what remains is a dimensionless point. | ||
+ | |||
+ | [[http://goodvillenews.com/Starting-A-Slow-Story-Movement-V4LmVD.html Starting A Slow Story Movement]] | ||
+ | |||
+ | [[http://goodvillenews.com/wk.html GoodvilleNews.com - good, positive news, inspirational stories, articles]] |
Latest revision as of 03:51, 10 August 2012
Contents
IGC-DEFINITION (abbreviated)
Inventory valuation/inventory change / Bestandsbewertung/Bestandsveränderung
Depending on its purpose (fiscal/balance sheet valuation or business analysis), ware-house inventory valuation can be based on various methods. The guiding principle for inventory valuation is: "Cost or market, whichever is lower".
As a rule, stocks are evaluated at the historic purchase price or full cost of goods manufactured. More specifically, the following measurements or valuation procedures may be used:
- Standard prices
- Adjusted average prices
- HIFO (Highest In - First Out)
- LOFO (Lowest In - First Out)
- FIFO (First In - First Out)
- LIFO (Last In - First Out)
Which procedure is applied is a purely internal decision, based on corporate policy. But if, for example, a stocked item has become outmoded or otherwise unsellable, or the sales price of the goods on the market should suddenly sink below the original historic purchase price or cost of goods manufactured, then these goods must be valued at the lower market price. For business analysis purposes, the following valuation methods are recommended: standard price system, evaluation based on budgeted proportional manufacturing costs.
from: IGC-Controller-Wörterbuch, International Group of Controlling (Hrsg.)
Source
15 Things You Should Give Up To Be Happy
Here is a list of 15 things which, if you give up on them, will make your life a lot easier and much, much happier. We hold on to so many things that cause us a great deal of pain, stress and suffering and instead of letting them all go, instead of allowing ourselves to be stress free and happy we cling on to them. Not anymore. Starting today we will give up on all those things that no longer serve us, and we will embrace change. Ready? Here we go:
[15 Things You Should Give Up To Be Happy]
[GoodvilleNews.com - good, positive news, inspirational stories, articles]
Little Things You Can Do to Make the World a Lot Nicer
A few years ago, Debbie Tenzer was feeling overwhelmed by all the crises in the news. But rather than give in to despair, she thought, Maybe I cant solve our big problems, but I know I can do something.
[Little Things You Can Do to Make the World a Lot Nicer]
[GoodvilleNews.com - good, positive news, inspirational stories, articles]
Rainbow of Colorful Critters Discovered in Suriname
A scientific expedition into one of the worlds last pristine tropical forests has revealed incredibly diverse species and extraordinary cultural heritage, said Conservation International (CI) today, announcing the results of a scientific survey in southwest Suriname that documented nearly 1,300 species, including 46 species which may be new to science. The announcement comes as the global organization marks 25 years of science-based conservation, this month.
[Rainbow of Colorful Critters Discovered in Suriname]
[GoodvilleNews.com - good, positive news, inspirational stories, articles]
Not Your Usual Panhandler
Doug Eaton wanted to celebrate his birthday on June 11 in a big way, so he turned to his friends for ideas -- ended up marking the day with random acts of kindness, including handing out free money to people passing by.
[Not Your Usual Panhandler]
[GoodvilleNews.com - good, positive news, inspirational stories, articles]
Starting A Slow Story Movement
"It is said that we become the stories that we tell among ourselves. This might have been true before we became salespersons. For a few decades now, I think we have become numb to the stories that we tell among ourselves. So stories have become shorter and crisper to the length of a tweet. We are so committed to telling a story to the point that finally what remains is a dimensionless point.
[Starting A Slow Story Movement]
[GoodvilleNews.com - good, positive news, inspirational stories, articles]