Accounting for the inventory in ERP packages and accounting software

Cairo : 2005-09-17
By : Ameer Hussein   [Ajyal CTO.]

For trading organizations, the value of the inventory and cost of sales arise as the most important figures in the financial statements, and most crucial for the organization's success and prosperity. For this reason, an organization's ability to value inventory and cost of sales correctly is vital for proper decision making. This article tackles the methodologies and approaches adapted by business applications in addressing this important issue.

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