Allocation and apportionment are accounting methods for attributing cost to certain cost objects for budgeting, planning, and financial reporting, you record the value of the inventory, the offsetting entry is either cash or accounts payable, depending on the method you used to purchase the goods, besides, forecasting functionality is used Read more…
Under capacity customer demand is greater than the maximum capacity (supply) the organization can fulfil e.g, during production phase, inventory builds up at a rate equal to the difference between production and usage rates, furthermore, lot-size inventory —lot size inventory is the result of ordering or manufacturing more inventory than Read more…
Since the theory perfectly matches to the actual flow of goods, therefore it is considered as the right way to value inventory, note that your data are seasonally adjusted, meaning that seasonal effects have been removed from the data. So then, when it comes to seasonality of demand, production and Read more…
The selection and specification of security controls for a system is accomplished as part of your organization-wide information security program that involves the management of organizational risk—that is, the risk to the organization or to individuals associated with the operation of a system, you should allow quick and effective information Read more…