Author Overview

The accountant can find answers to almost any inventory-related question in this book. It goes well beyond accounting rules and regulations to also encompass such operational topics as obsolete inventory tracking, manufacturing systems, the physical count, transfer pricing, and budgeting for inventory. I have also added the most current IRS regulations pertaining to inventory.

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Contents

Chapter 1. Inventory Data Collection.
Chapter 2. Inventory and Manufacturing Systems.
Chapter 3. Inventory Control Systems.
Chapter 4. Inventory Fraud.
Chapter 5. Inventory Measurements and Internal Reports.
Chapter 6. Budgeting for Inventory.
Chapter 7. LIFO, FIFO, and Average Costing.
Chapter 8. The Lower of Cost or Market Calculation.
Chapter 9. Applying Overhead to Inventory.
Chapter 10. Joint and By-Product Costing.
Chapter 11. Obsolete Inventory.
Chapter 12. Inventory Transaction.
Chapter 13. IRS Inventory Rules.
Chapter 14.  Counting Inventory.
Chapter 15.  Inventory Best Practices.
Chapter 16. Inventory Transfer Pricing.

Appendix A:  Dictionary of Inventory Terms.