Inventory is a Term describing the products (Goods, merchandize) or materials (Raw Material, packaging materials) a business holds for the purpose to Sell and Manufacture sellable products or Repair products.
In Financial reports (Statement of Financial Position) Inventory is the value of these products.
Alternative names for Inventory include: Stock. ABC Analysis Field Safety Notice GOLF Classification t:HML Seasonal/Off-seasonal t:VED t:XYZ First In, First Out First Expired, First Out (FEFO) Last In, First Out Make-to-Stock Stock Keeping Unit Days of Inventory Days of Raw Materials Inventory Days of WIP Inventory Days of Finished Goods Inventory
ID | Name | Level | x |
---|---|---|---|
AE12 | Days of Inventory | 2 | AE12 |
AE121 | Days of Raw Materials Inventory | 3 | AE121 |
AE122 | Days of WIP Inventory | 3 | AE122 |
AE123 | Days of Finished Goods Inventory | 3 | AE123 |
ID | Name | Clear | x |
---|---|---|---|
ABC | ABC Analysis | ABC | |
FSN | Field Safety Notice | FSN | |
FEFO | First Expired, First Out (FEFO) | FEFO | |
FIFO | First In, First Out | FIFO | |
IAS02 | IAS 2 Inventories | IAS02 | |
LIFO | Last In, First Out | LIFO | |
MTS | Make-to-Stock | MTS | |
CSFP | Statement of Financial Position | CSFP | |
SKU | Stock Keeping Unit | SKU | |
WC | Working Capital | WC |