Businesses that manage inventory must rely on generally accepted principles of accounting, or GAAP, to assess and plan for their stock levels. Without inventory valuation, it would be difficult for ...

Companies that do not maintain a real-time inventory tracking system rely on periodic inventory audits and corresponding adjustments to the accounting general ledger in order to properly reflect the ...

Wondering about FIFO vs LIFO? Learn about the two inventory valuation methods and which one is best for you. Many, or all, of the products featured on this page are from our advertising partners who ...