usklađivanje knjigovodstnenog stanja
English translation: (inventory) reconciliation
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| 19:18 May 28, 2011 |
| Serbian to English translations [PRO] Bus/Financial - Economics / naziv propisa | |||||||
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|  Selected response from: Vesna Maširević Serbia Local time: 02:15 | ||||||
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| Summary of answers provided | ||||
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| 4 +2 | (inventory) reconciliation |
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| 5 | harmonization of accounting standards |
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| 5 | (Stock or Inventory) Reconciliation |
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Answers
32 mins confidence: 
harmonization of accounting standards Explanation: http://www.icai.org/resource_file/11430p681-684.pdf http://www.allbusiness.com/accounting/methods-standards/3398... |
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54 mins confidence: 
peer agreement (net): +2
peer agreement (net): +2| usklađivanje knjigovodstvenog stanja (inventory) reconciliation Explanation: Inventory reconciliation involves two steps: physical and accounting. Physical inventory steps including taking a written inventory record and comparing it to the actual goods in the company’s warehouses. Counting obsolete and damaged products is also a reconciliation activity. Reconciliation steps on the accounting side include verification that all inventory purchases are posted, entering adjustments from the physical count and analyzing the dollar differences between months. In accounting, reconciliation refers to a process that compares two sets of records (usually the balances of two accounts) to make sure they are in agreement. Reconciliation is used to ensure that the money leaving an account matches the actual money spent, this is done by making sure the balances match at the end of a particular accounting period. http://blog.accountingcoach.com/reconciling-account/ -------------------------------------------------- Note added at 20 hrs (2011-05-29 15:33:49 GMT) -------------------------------------------------- http://www.accountingtools.com/questions-and-answers/how-do-... You reconcile inventory when you compare the inventory counts in your records to the actual amounts on the warehouse shelves, figure out why there are differences between the two amounts, and make adjustments to your records to reflect this analysis. Inventory reconciliation is not as simple as adjusting the book balance to match the physical count. There may be other reasons why there is a difference between the two numbers that cannot be corrected with such an adjustment... Reference: http://en.wikipedia.org/wiki/Reconciliation_%28accounting%29 Reference: http://www.wisegeek.com/what-are-the-steps-for-inventory-rec... |
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