Inventory accounting is generally required in any case where the IRS feels it is necessary in order to accurately reflect a taxpayer’s income (but see Editor’s Note, above).

Accurate inventory accounting is vital, especially in the globalized world of low-cost competition. Five critical inventory accounting control lapses threaten a company’s long-term survival.

To determine the value of ending inventory and, ultimately, margins, many retailers have stuck with an accounting practice known as the retail inventory method — in some cases for more than 100 ...

For instance, one of the goals of an inventory management system is to know exactly what you have on hand at any point in time. In reality, this can be a fiction, because the physical goods might ...

Cloud accounting software developer Xero Ltd. has acquired inventory management provider Locate Inventory for $19 million. Xero expects to use Locate ’s talent, expertise and inventory-accounting ...