inventory period
1Inventory — means a list compiled for some formal purpose, such as the details of an estate going to probate, or the contents of a house let furnished. This remains the prime meaning in British English.[1] In the USA and Canada the term has developed from a… …
2Inventory of Church Property — • An inventory is to be made at the beginning of a given administration; when the period of management has expired, the out going official must produce all the things which appear in this inventory or were added later, excepting those which have… …
3Inventory turnover ratio — is one of the Accounting Liquidity ratios, a financial ratio. This ratio measures the number of times, on average, the inventory is sold during the period. Its purpose is to measure the liquidity of the inventory. A popular variant of the… …
4inventory valuation — ➔ valuation * * * inventory valuation UK US noun [C or U] (also stock valuation) ACCOUNTING ► a calculation of the value of the products or materials that a company has available for sale or use at the end of a particular accounting period, or… …
5inventory-to-sales ratio — ➔ ratio * * * inventory to sales ratio UK US noun [C] ACCOUNTING, COMMERCE ► a measure of the supply of goods that a company has compared to the amount it has sold during a particular period: »The inventory to sales ratio at the end of May was… …
6inventory turnover — period of time in which the inventory of a business is completely used up and restocked …
7Inventory valuation — INVENTORIES AND FINANCIAL STATEMENTS Inventories are usually the largest current asset of a business, and proper measurement of them is necessary to assure accurate financial statements. If inventory is not properly measured, expenses and… …
8Inventory turns — In business management, inventory turns often referred to as stockturn,stock turns, turns, and stock turnover. This measures the number of times invested in goods to be sold or used over in a year. mbox{Inventory Turns} = frac{Cost of Goods Sold… …
9inventory — inventoriable, adj. inventorial, adj. inventorially, adv. /in veuhn tawr ee, tohr ee/, n., pl. inventories, v., inventoried, inventorying. n. 1. a complete listing of merchandise or stock on hand, work in progress, raw materials, finished goods… …
10Inventory Turnover — A ratio showing how many times a company s inventory is sold and replaced over a period. the The days in the period can then be divided by the inventory turnover formula to calculate the days it takes to sell the inventory on hand or inventory… …
11Inventory (museum) — An inventory is an itemized list of objects that the museum has accessioned or received via loan(s) and must be physically located by an examiner. A complete, one hundred percent inventory, or a random inventory of the collection must be carried… …
12inventory — the value of all the stock of physical items that a business uses in its production process or has for sale in the ordinary course of doing business. Glossary of Business Terms A category of goods defined by Article 9 of the Uniform Commercial… …
13Inventory — For companies: Raw materials, items available for sale or in the process of being made ready for sale. They can be individually valued by several different means, including cost or current market value, and collectively by FIFO, LIFO or other… …
14inventory — stock; stock in trade 1) The products or supplies of an organization on hand or in transit at any time. For a manufacturing company the types of inventory are raw materials, work in progress, and finished goods. An inventory count usually takes… …
15Inventory Financing — A line of credit or short term loan made to a company so it can purchase products for sale. Those products, or inventory, serve as collateral for the loan if the business does not sell its products and cannot repay the loan. Inventory financing… …
16inventory — In the USA, the equivalent of the UK stock, i.e. the products or supplies of an organization on hand or in transit at any time. For a manufacturing company the types of inventory are raw materials, work in progress, and finished goods. An… …
17beginning inventory — inventory taken at the end of an accounting period …
18Periodic Inventory — A method of inventory valuation for financial reporting purposes where a physical count of the inventory is performed at specific intervals. This accounting method for inventory valuation only keeps track of the inventory at the beginning of a… …
19perpetual inventory — PI A system of inventory control that regularly updates inventory quantities. A PI system may be *real time, or there may be a slight delay between inventory movements and the updating of inventory balances. Auditors often place reliance on PI… …
20Average Inventory — A calculation comparing the value or number of a particular good or set of goods during two or more specified time periods. Average inventory is the median value of an inventory throughout a certain time period. A basic calculation for average… …
