Learn how GAAP applies to a company's inventory reserves, using cost or market value methods, and its impact on accounting standards and financial planning.

Kelly Main is a Marketing Editor and Writer specializing in digital marketing, online advertising and web design and development. Before joining the team, she was a Content Producer at Fit Small ...

Learn about the methods of calculating and tracking inventory that are used in retail accounting.

The number of times a business sells and replaces its stock over a given time period is its inventory turnover ratio. The inventory turnover ratio, also sometimes called stock turns or inventory turns ...

Inflation is causing weakened demand. Businesses such as Microsoft and Google are preparing for an economic downturn. It is difficult not to react by drastically reducing inventories, and it is hard ...