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David C
Guest
I have been learning about inventory methods in accounting class. Now, I have to investigate a local merchandising business and find out about the technology and accounting methods they use to calculate the amount in inventory.
Could you please answer the following questions plus give the name of the company, your full name and your position
a) How do you keep track of inventory? Be sure to ask about the technology involved.
b) Do you find the technology or method easy to work with, convenient, etc.?
c) Do you do a periodic physical inventory? How often?
d) Are there any problems with this inventory method?
e) What accounting method does the business use (FIFO, LIFO, Average)?
f) What kinds of internal control and security measures do they implement? How is cash controlled? Is there a division of responsibility for security reasons?
Thank you so much for your help. Any extra details are greatly appreciated as I have to create a presentation on this info.
Could you please answer the following questions plus give the name of the company, your full name and your position
a) How do you keep track of inventory? Be sure to ask about the technology involved.
b) Do you find the technology or method easy to work with, convenient, etc.?
c) Do you do a periodic physical inventory? How often?
d) Are there any problems with this inventory method?
e) What accounting method does the business use (FIFO, LIFO, Average)?
f) What kinds of internal control and security measures do they implement? How is cash controlled? Is there a division of responsibility for security reasons?
Thank you so much for your help. Any extra details are greatly appreciated as I have to create a presentation on this info.