Consistency (in Inventory Valuation)
Jump to navigation
Jump to search
Description
this calls for the use of the same method of inventory pricing from year to year, with full disclosure of the effects of any change in method. Intended to make financial statements comparable.
Concept Prerequisite
Wikipedia Reference
http://en.wikipedia.org/wiki/Inventory valuation
Learning Material
Covered in Topic(s)
Inventories & the COGS |