Allowance of Prices Falling
When finishing the inventory at the end of the year, this inventory
will be pricing by cost whether by FIFO, LIFO or Weighted Average
according to the method that company follows.
Bad and Doubtful Debts
Companies follows to depend on to sell on credit, in order to increase
the sells value, and encourage the clients to buy now and pay later,
according to specific fiduciary policies, which are agreed on between
company and client.
Periodic and Perpetual Inventory System
nventory is made manually once at the end of the period, the amount
of inventory is determined periodically (usually each year) by physical
count and multiply units’ number by the cost of the unit to estimate
the amount of the available inventory, then this amount will be
considered as a current ass...
Inventory Adjustments are the practical and accounting procedures
which are done at the end of the accounting period, to know the
true and accurate values for the project's assets and its commitments,
and also revenue and expenses, in order to reach to the real result for
the project business, fr...
The correct planning is a tool that helps to achieve the main and sub
goals, as well as achieve the balance between goals and the available
possibilities, planning includes serious attempts by management side,
to predict of problems that may face achieving specific goals,
therefore, reaching to the ...
Considered the issues of pricing stoke from the important
issues for the facility because of the importance of stock
stemming from the magnitude and impact assessment
stretch to more than one account and fiscal period....
The cash flow list is one of the most important chapters
of the annual report explains where this list in detail the
size of the cash inflows and outflows of the company,
including Introduction vision so clear-cut for the safety of
the financial activity of the company. ...
Cash Flow & Income Statement
Its a report who measure the success of the work of the
company for a certain period of time, as shown by the
ability of the established is a measure and evaluate
economic performance of the business of that period....