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2. FIFO and LIFO accounting - Wikipedia

   en.wikipedia.org/wiki/FIFO_and_LIFO_accounting

   The difference between the cost of an inventory calculated under the FIFO and LIFO methods is called the LIFO reserve (in the example above, it is $750, i.e. $5250 - $4500). This reserve, a form of contra account, is essentially the amount by which an entity's taxable income has been deferred by using the LIFO method. [2]

3. Stock-taking - Wikipedia

   en.wikipedia.org/wiki/Stock-taking

   Stock-taking or "inventory checking" or "wall-to-wall" is the physical verification of the quantities and condition of items held in an inventory or warehouse. This may be done to provide an audit of existing stock. It is also the source of stock discrepancy information.

4. Field inventory management - Wikipedia

   en.wikipedia.org/wiki/Field_inventory_management

   Field inventory management, commonly known as inventory management, is the task of understanding the stock mix of a company and the handling of the different demands placed on that stock. The demands are influenced by both external and internal factors and are balanced by the creation of purchase order requests to keep supplies at a reasonable ...

5. Physical inventory - Wikipedia

   en.wikipedia.org/wiki/Physical_inventory

   Physical inventory is a process where a business physically counts its entire inventory. A physical inventory may be mandated by financial accounting rules or the tax regulations to place an accurate value on the inventory, or the business may need to count inventory so component parts or raw materials can be restocked. Businesses may use ...

6. Inventory - Wikipedia

   en.wikipedia.org/wiki/Inventory

   Inventory may also cause significant tax expenses, depending on particular countries' laws regarding depreciation of inventory, as in Thor Power Tool Company v. Commissioner. Inventory appears as a current asset on an organization's balance sheet because the organization can, in principle, turn it into cash by selling it. Some organizations ...

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   Never miss a story — sign up for PEOPLE's free daily newsletter to stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories.

8. Trump thinks he can fix golf's mess. He starts by playing ...

   www.aol.com/trump-thinks-fix-golfs-mess...

   President-elect Donald Trump boasted during the campaign he would need about 15 minutes to get a deal done between the PGA Tour and the Saudi investors of LIV Golf. The Washington Post reported ...

9. Stock keeping unit - Wikipedia

   en.wikipedia.org/wiki/Stock_keeping_unit

   In inventory management, a stock keeping unit (abbreviated as SKU, pronounced es-kay-YOO or SKEW [1]) is the unit of measure in which the stocks of a material are managed.It is a distinct type of item for sale, [2] purchase, or tracking in inventory, [3] such as a product or service, and all attributes associated with the item type that distinguish it from other item types (for a product ...