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- Physical_inventory abstract "Physical inventory is a process where a business physically counts its entire inventory. A physical inventory may be mandated by financial accounting rules or the tax regulations to place an accurate value on the inventory, or the business may need to count inventory so component parts or raw materials can be restocked. Businesses may use several different tactics to minimize the disruption caused by physical inventory.Inventory services provide labor and automation to quickly count inventory and minimize shutdown time.Inventory control system software can speed the physical inventory process.A perpetual inventory system tracks the receipt and use of inventory, and calculates the quantity on hand.Cycle counting, an alternative to physical inventory, may be less disruptive.The Finance or Business Manager of the unit is responsible for ensuringthe annual physical inventory is properly performed, inventory recordsreflect actual quantities on hand, inventory valuation methods areappropriate, and adjustments are entered in the business's accountingsystem on a timely basis.In addition, the Finance or Business Manager is responsible for ensuringthat segregation of duties is maintained throughout the inventory processto promote the safeguarding of the assets, protection of employees, andobjective reporting of inventory. Specifically, no one person should beable to authorize a transaction (e.g., a purchase or sale), record thetransaction, have custody of the inventory, and perform the relatedreconciliation.".
- Physical_inventory wikiPageID "3149068".
- Physical_inventory wikiPageLength "1828".
- Physical_inventory wikiPageOutDegree "12".
- Physical_inventory wikiPageRevisionID "641231236".
- Physical_inventory wikiPageWikiLink Automation.
- Physical_inventory wikiPageWikiLink Category:Distribution,_retailing,_and_wholesaling.
- Physical_inventory wikiPageWikiLink Cycle_count.
- Physical_inventory wikiPageWikiLink Financial_accounting.
- Physical_inventory wikiPageWikiLink Inventory.
- Physical_inventory wikiPageWikiLink Inventory_control.
- Physical_inventory wikiPageWikiLink Inventory_control_system.
- Physical_inventory wikiPageWikiLink Inventory_management_software.
- Physical_inventory wikiPageWikiLink Labour_(economics).
- Physical_inventory wikiPageWikiLink Labour_economics.
- Physical_inventory wikiPageWikiLink Perpetual_inventory.
- Physical_inventory wikiPageWikiLink Raw_material.
- Physical_inventory wikiPageWikiLink Raw_materials.
- Physical_inventory wikiPageWikiLink Tax.
- Physical_inventory wikiPageWikiLinkText "physical inventory".
- Physical_inventory hasPhotoCollection Physical_inventory.
- Physical_inventory wikiPageUsesTemplate Template:Unreferenced.
- Physical_inventory subject Category:Distribution,_retailing,_and_wholesaling.
- Physical_inventory hypernym Process.
- Physical_inventory type Article.
- Physical_inventory type Election.
- Physical_inventory type Article.
- Physical_inventory comment "Physical inventory is a process where a business physically counts its entire inventory. A physical inventory may be mandated by financial accounting rules or the tax regulations to place an accurate value on the inventory, or the business may need to count inventory so component parts or raw materials can be restocked.".
- Physical_inventory label "Physical inventory".
- Physical_inventory sameAs Inventura.
- Physical_inventory sameAs Inventur.
- Physical_inventory sameAs Remanent.
- Physical_inventory sameAs m.08vkqq.
- Physical_inventory sameAs Запасы_(активы).
- Physical_inventory sameAs Q475356.
- Physical_inventory sameAs Q475356.
- Physical_inventory wasDerivedFrom Physical_inventory?oldid=641231236.
- Physical_inventory isPrimaryTopicOf Physical_inventory.