The Implications Of Using Just In Time Inventory
The perpetual inventory stocks
The inventory management software is a recurring accounting of inventory accounts which, by taping the movements, can easily understand, regularly during the year, the existing numerical volume and value. These figures are theoretical, nonetheless, since in realistic, there are distinctions due to al breaks, flights.
We differentiate stocks of products acquired (goods, basic materials, consumables) stocks of manufactured products.
Stocks for the 1st type, there will definitely be a document (invoice) that will definitely improve their value. For others, it is an internal calculation to the company permits.
There will be 2 things to evaluate: the first entrances and exits on the further.
The evaluation of stocks of inputs
For products purchased, the entrance is in-stock at expense, ie the net purchase cost excluding tax increased direct prices of acquiring and indirect costs such as charge center supply analysis.
For produced items, the entry of products in stock is the charge of production, ie the price of materials taken increased direct charges of production and overhead fees
In practice, it is necessary to fit on a stock card for each classification of "items". This form is in fact an account that will definitely appear in its flow, volume and value, the preliminary stock of the study period and the different entries.
Analysis of withdrawals
All products stored from the warehouse rate at which it got in.
This is the regulation enacted by the General Accounting Plan, yet it assumes that each product is identifiable and wonderfully individualized by the provider.
In the situation of products acquired or made in large numbers and not individualized (described as fungible) the rule is inapplicable.
In practice, we will definitely maintain the stock card, which will tape-record to his credit, in quantity and value, the outputs of the study period, the account balance is then the final stock.
The balance still debtor is a theoretical balance.
Therefore, we acquire the following formula:
Beginning Inventory + Sum = Sum of inputs + outputs final stock
The inventory management software is a recurring accounting of inventory accounts which, by taping the movements, can easily understand, regularly during the year, the existing numerical volume and value. These figures are theoretical, nonetheless, since in realistic, there are distinctions due to al breaks, flights.
We differentiate stocks of products acquired (goods, basic materials, consumables) stocks of manufactured products.
Stocks for the 1st type, there will definitely be a document (invoice) that will definitely improve their value. For others, it is an internal calculation to the company permits.
There will be 2 things to evaluate: the first entrances and exits on the further.
The evaluation of stocks of inputs
For products purchased, the entrance is in-stock at expense, ie the net purchase cost excluding tax increased direct prices of acquiring and indirect costs such as charge center supply analysis.
For produced items, the entry of products in stock is the charge of production, ie the price of materials taken increased direct charges of production and overhead fees
In practice, it is necessary to fit on a stock card for each classification of "items". This form is in fact an account that will definitely appear in its flow, volume and value, the preliminary stock of the study period and the different entries.
Analysis of withdrawals
All products stored from the warehouse rate at which it got in.
This is the regulation enacted by the General Accounting Plan, yet it assumes that each product is identifiable and wonderfully individualized by the provider.
In the situation of products acquired or made in large numbers and not individualized (described as fungible) the rule is inapplicable.
In practice, we will definitely maintain the stock card, which will tape-record to his credit, in quantity and value, the outputs of the study period, the account balance is then the final stock.
The balance still debtor is a theoretical balance.
Therefore, we acquire the following formula:
Beginning Inventory + Sum = Sum of inputs + outputs final stock
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