|
Inventories (See Chapters 3, 4, 5 and 7 of the Vernimmen)
Inventories represent the temporary assets created as part of the business cycle. Businesses may transfer to inventories purchases made in the current period for consumption in future operating cycles. Inventories are shown on the balance sheet. There are inventories of raw materials, goods for resale, products and work in progress, finished products. See also days’ inventory ratio.
|
|
|
|
You get more than just a glossary
on www.vernimmen.com:
- A monthly newsletter with over 26,000
subscribers
- 610,000 financial data for over 16,000
groups
- A 279-question quiz with answers
- A text book that has
sold 70,000 copies
- And all the rest |
Definition of Inventories - Finance dictionary