Physical inventory counting is a much unloved procedure in most merchandising and manufacturing businesses. The process ensures that the inventory on the company's financial books matches the amount ...

The Federal Government's Inventory Management Policy and Procedures, recently approved by the UAE Cabinet, aim to document and standardise inventory procedures across federal entities and define the ...

Excess inventory ties up cash your restaurant could be putting to better use. Proper inventory management procedures help you become more efficient and only order supplies as they are needed. This ...

On April 30, 2024, the Internal Revenue Service (IRS) released Rev. Proc. 2024-23, List of Automatic Changes, which provides the list of tax accounting method changes a taxpayer may file under the IRS ...

The Internal Revenue Service has issued new rules for changing a method of accounting for retail inventory. Revenue Procedure 2014-48 provides the exclusive procedures under which a taxpayer can ...