02会计再教育（02 accounting re education）.doc

02会计再教育（02 accounting re education） New Accounting Standards No. first - stock [font: large, medium, small] [Print] I. definitions Inventory refers to the enterprise in daily activities to hold for sale of finished goods or goods, in the production process in the product, in the production process or the provision of labor in the process of consumption of materials and materials. Including inventory, processing, in transit all kinds of materials, commodities, products, semi-finished products, finished products, packaging, low value, consumables, etc.. Two, confirm the conditions Inventories can be confirmed only when the following conditions are met: 1. the economic interests associated with the inventory are likely to flow into the enterprise; 2. the cost of the inventory can be measured reliably. Three, initial measurement Inventories shall be initially measured at cost. Inventory costs include purchasing costs, processing costs, and other costs. The measurement of inventory costs differs from the cost of inventory because of its different sources. The cost of goods acquired by purchase, such as raw materials, commodities, low value and consumable goods, is composed of purchasing cost; Finished products, products, semi-finished products, processing materials through further processing and the inventory cost by the purchase costs, processing costs and other costs incurred in bringing the inventories to their present location and condition of. 1. measurement of purchased inventory costs The purchasing costs of inventories include the purchase price, taxes and fees, transportation charges, handling charges, insurance premiums, and other expenses that may be attributable to the purchase costs of the inventory. (1) the purchase price. Refers to the amount of payment marked in the purchase invoice. (2) the relevant taxes refers to enterprises to import tariff paid by enterprises to purchase, inventory, inventory of homemade or commissioned by the processing of the consu