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2. Inventory valuation - Wikipedia

   en.wikipedia.org/wiki/Inventory_valuation

   In certain business operations, taking a physical inventory is impossible or impractical. In such a situation, it is necessary to estimate the inventory cost. Two very popular methods are 1)- retail inventory method, and 2)- gross profit (or gross margin) method. The retail inventory method uses a cost to retail price ratio.

3. Percentage-of-completion method - Wikipedia

   en.wikipedia.org/wiki/Percentage-of-Completion...

   The accounting for long term contracts using the percentage of completion method is an exception to the basic realization principle. This method is used wherein the revenues are determined based on the costs incurred so far. The percentage of completion method is used when: Collections are assured; The accounting system can: Estimate profitability

4. Net realizable value - Wikipedia

   en.wikipedia.org/wiki/Net_realizable_value

   Net realizable value (NRV) is a measure of a fixed or current [1] asset's worth when held in inventory, in the field of accounting.NRV is part of the Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) that apply to valuing inventory, so as to not overstate or understate the value of inventory goods.

5. How to create a business budget - AOL

   www.aol.com/finance/create-business-budget...

   To estimate your future revenue, start by deciding on a timeline for your forecast. A good place to start is the previous 12 months. ... Your accounting software may also include revenue ...

6. FIFO and LIFO accounting - Wikipedia

   en.wikipedia.org/wiki/FIFO_and_LIFO_accounting

   FIFO and LIFO accounting are methods used in managing inventory and financial matters involving the amount of money a company has to have tied up within inventory of produced goods, raw materials, parts, components, or feedstocks. They are used to manage assumptions of costs related to inventory, stock repurchases (if purchased at different ...

7. Inventory management software - Wikipedia

   en.wikipedia.org/wiki/Inventory_management_software

   An inventory management software is a software system for tracking inventory levels, orders, sales and deliveries. [1] It can also be used in the manufacturing industry to create a work order, bill of materials and other production-related documents. Companies use inventory management software to avoid product overstock and outages.