Learn how GAAP applies to a company's inventory reserves, using cost or market value methods, and its impact on accounting standards and financial planning.

Kelly Main is a Marketing Editor and Writer specializing in digital marketing, online advertising and web design and development. Before joining the team, she was a Content Producer at Fit Small ...

Learn about the methods of calculating and tracking inventory that are used in retail accounting.

Learning how to manage inventory efficiently is critical to any business that sells physical goods. From timely ordering of supplies to tracking and storage, any mistakes can directly impact your ...

Inflation is causing weakened demand. Businesses such as Microsoft and Google are preparing for an economic downturn. It is difficult not to react by drastically reducing inventories, and it is hard ...