FASB will attempt to simplify measurement of inventory and eliminate extraordinary items from income statement presentation as part of its ongoing initiative to reduce complexity in accounting ...

FASB published proposals Tuesday that are designed to simplify the measurement of inventory and eliminate the concept of extraordinary items. The proposals are part of FASB’s simplification initiative ...

Think of inventory turns as a measure of how well a company’s products are doing in the market and how well its inventory is managed. The term basically captures the number of times per year ...

The Financial Accounting Standards Board has proposed a pair of Accounting Standards Updates aimed at simplifying the process of inventory measurement and eliminating the requirements for ...

Small businesses often estimate their inventory. If you operate your business on the basis of inaccurate inventory figures, however, you may experience stock outs -- running out of products when ...

The Financial Accounting Standards Board has finished its simplification of the accounting requirements around measuring inventory, although the simplification is not as broad-based as first intended.

If you would like to learn more about the IAEA’s work, sign up for our weekly updates containing our most important news, multimedia and more. At its briefing to the Japan Atomic Energy Commission on ...