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periodic inventory system

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  • Periodic inventory — is a system of inventory in which updates are made on a periodic basis. This differs from perpetual inventory systems, where updates are made continuously …   Wikipedia

  • Periodic Inventory — A method of inventory valuation for financial reporting purposes where a physical count of the inventory is performed at specific intervals. This accounting method for inventory valuation only keeps track of the inventory at the beginning of a… …   Investment dictionary

  • Inventory valuation — INVENTORIES AND FINANCIAL STATEMENTS Inventories are usually the largest current asset of a business, and proper measurement of them is necessary to assure accurate financial statements. If inventory is not properly measured, expenses and… …   Wikipedia

  • Perpetual inventory — In business and accounting/accountancy, perpetual inventory or continuous inventory describe systems of inventory is which the inventory as recorded or displayed in the firm or organization s information system is updated on a continuous basis… …   Wikipedia

  • Planned Maintenance System — The PMS Planned Maintenance System is a paper/software based system which allows ship owners and/or operators to carry out maintenance in intervals according to manufacturers and class/Classification society requirements. The maintenance,… …   Wikipedia

  • Solar System — This article is about the Sun and its planetary system. For other systems, see planetary system and star system. For a list of physical and orbital statistics for the Solar System s largest bodies, see List of gravitationally rounded objects of… …   Wikipedia

  • perpetual inventory — PI A system of inventory control that regularly updates inventory quantities. A PI system may be *real time, or there may be a slight delay between inventory movements and the updating of inventory balances. Auditors often place reliance on PI… …   Auditor's dictionary

  • Library computer system — A library computer system is the software used to catalog, track circulation (where appropriate) and inventory a library s assets. It is intended for home, church, private enterprise or other small to medium sized collections. Larger, First World …   Wikipedia

  • Adjusting entries — In accounting/accountancy, adjusting entries are journal entries usually made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred. The revenue recognition principle is the basis of… …   Wikipedia

  • Jack C. Hayya — is professor emeritus of management science at the Pennsylvania State University.Education*B.S., Civil Enginering, University of Illinois at Champaign Urbana, 1952 *M.S., Management, California State University, Northridge, 1961 [Hayya, Jack C.… …   Wikipedia

  • MedShare — is a national non profit organization that recovers surplus medical supplies and equipment from U.S. hospitals and medical companies, and redistributes them to needy hospitals in developing countries. Contents 1 About 2 History 3 Services and… …   Wikipedia

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