Year: 2008
Type: conference-paper
Abstract: Inventories are among the most sensitive items on the balance sheet and that is why special attention is given to their reporting. The reason for this is the vast array of possibilities to influence the business result provided by various approaches to the valuation of work-in-process and finished goods inventories. In cases where work-in-process and finished goods inventories are significant and variable items on the balance sheet, the choice of valuation method as the basis for further information based on which future business decisions will be made is of key importance. When defining costs, the management of manufacturing companies should take into account the principles of the International Accounting Standard 2.
Authors: Vesna Lačković, Vesna Vulić, Ivana Pavić
Language: sh
Subfield: Accounting
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2946570784