Accounting for Inventory: The Impact of Inventory Discrepancies on Financial Reporting
Although many inventory errors are honest mistakes, some companies overstate any inventory on purpose. This is done so that it looks like the company is more profitable than it actually is. If the company is going through hard times, this could help attract investors and boost the company’s value. If you are tempted to overstate …
Accounting for Inventory: The Impact of Inventory Discrepancies on Financial ReportingRead More »