Several major retailers in the U.S. use a century-old accounting practice known as “the retail inventory method,” which relies on retail prices to estimate inventory, even though it fails to ...

The objective of IAS 38 is to prescribe the accounting treatment for intangible assets and identify how to recognise an intangible asset if, and only if, certain criteria are met. It also specifies ...

Capital equipment records are verified at least once every two years to ensure that the inventory records within the asset management system are accurate. Capital equipment inventory verification ...

Macy’s finally released its third-quarter earnings on Wednesday after having to delay it due to a massive accounting scandal ...

The Property Accountant handles the day-to-day responsibilities of the inventory. This includes the following: Updating the inventory records by recording asset descriptions, locations and accounting ...