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Some Aspects Regarding Implications of IAS 2 "Inventory" in Romanian Acounting

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  • Alin Monea

    () (University of Petroșani, Romania)

Abstract

This paper presents some aspects regarding inventories. In many business inventories are the most important assets. The accounting for inventories is a major consideration for many entities because of its significance on both the income statement (cost of goods sold) and the statement of financial position. The complexity of accounting for inventories arises from several factors like: the high volume of activity, the various cost flow alternatives that are acceptable and the classification of inventories.

Suggested Citation

  • Alin Monea, 2011. "Some Aspects Regarding Implications of IAS 2 "Inventory" in Romanian Acounting," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 11(4), pages 183-190.
  • Handle: RePEc:pet:annals:v:11:y:2011:i:4:p:183-190
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    References listed on IDEAS

    as
    1. Xavier Chojnicki & Riccardo Magnani, 2008. "Vieillissement, retraites et ouverture financiere en Europe : des reformes encore insuffisantes," Economie Internationale, CEPII research center, issue 113, pages 65-93.
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    More about this item

    Keywords

    inventories; assets; realizable value; cost of purchase; cost of inventories;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation
    • H22 - Public Economics - - Taxation, Subsidies, and Revenue - - - Incidence
    • K34 - Law and Economics - - Other Substantive Areas of Law - - - Tax Law

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