US GAAP Disclosure List

↑Content

Inventory, Policy


ItemTypePeriodBalanceDescription
Inventory, Major Classes, Policy durationDisclosure of accounting policy for the major categories of inventory such as finished goods, inventoried costs relating to long-term contracts or programs, work in process, raw materials, and supplies.
Inventory Impairment, Policy durationDisclosure of accounting policy for recognizing inventory losses, including, but not limited to, substantial and unusual losses resulting from the subsequent measurement of inventory due to physical deterioration, obsolescence, or changes in price levels.
Inventory, Cash Flow Policy durationDisclosure of accounting policy for determining where the cash flows related to the sale of inventory are classified in the statements of cash flows and explain the nature of the receivables, notes, and loans.
Inventory Work in Process, Policy durationDisclosure of accounting policy for the basis and manner that goods are added and removed from inventory in the course of production (work in process). If inventory is carried at cost, this disclosure includes the nature of the cost elements included in inventory and how cost is determined (such as FIFO, LIFO, average).
Inventory Finished Goods, Policy durationDisclosure of accounting policy for the basis and manner that goods are added and removed from inventory awaiting sale (finished goods). If inventory is carried at cost, this disclosure includes the nature of the cost elements included in inventory and how cost is determined (such as FIFO, LIFO, average).
Inventory Shrinkage, Policy durationDisclosure of accounting policy for inventory shortages, shrinkage, damaged goods, and defective goods.
Inventory Costs for Contracts or Programs, Policy durationDisclosure of accounting policy for the basis and manner that goods are added and removed from inventory for costs relating to long-term contracts or programs. If inventory is carried at cost, this disclosure includes the nature of the cost elements included in inventory and how cost is determined (such as FIFO, LIFO, average). Elements of costs in inventory may include retained costs representing the excess of manufacturing or production costs over the amounts charged to cost of sales or delivered or in-process units, initial tooling or other deferred startup costs.
Inventory Supplies, Policy durationDisclosure of accounting policy for the basis and manner that goods are added and removed from inventory for supplies to be consumed directly or indirectly in production. If inventory is carried at cost, this disclosure includes the nature of the cost elements included in inventory and how cost is determined (such as FIFO, LIFO, average).

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: