All departments are required to perform a complete inventory of their capital equipment once per year. This process is an important control activity designed to safeguard the assets of the University.

Each department with an inventory is required to take a physical count at least once a year to ensure an accurate asset value is reported on the balance sheet and that cost of goods sold is recorded ...

One important aspect of ensuring that your small business runs smoothly is to periodically compare written inventory records against the actual physical stock on the shelves and in the warehouse. If ...

Inventory is a primary concern for just about all small businesses. Physical inventory is especially important if you deal in selling products. You must have an accurate count of all items so you know ...

Today we want to look at the negative impact that inventory can have upon our profits and performance. Consider a few examples of our inventory “gone wild.” Inventory management is admittedly one of ...