{"id":10293,"date":"2022-10-07T07:47:07","date_gmt":"2022-10-07T07:47:07","guid":{"rendered":"https:\/\/file.currentschoolnews.com\/?post_type=product&p=10293"},"modified":"2022-10-10T08:37:52","modified_gmt":"2022-10-10T08:37:52","slug":"appraisal-of-inventory-management-and-valuation-in-the-company","status":"publish","type":"product","link":"https:\/\/pastexamquestions.com\/product\/appraisal-of-inventory-management-and-valuation-in-the-company\/","title":{"rendered":"Appraisal of Inventory Management and Valuation in the Company"},"content":{"rendered":"

– Appraisal of Inventory Management and Valuation in the Company –<\/strong><\/span><\/p>\n

Download Appraisal of Inventory Management and Valuation in the Company<\/strong><\/span>. Students who are writing their projects can get this material to aid their research work.<\/span><\/span><\/p>\n

Abstract<\/strong><\/h3>\n

This study captioned an appraisal of Inventory Management and Valuation in manufacturing companies in Nigeria. A Study of Nigeria Breweries Plc 9th<\/sup> Mile Corner embarked upon with the view to critically appraising the efficiency of inventory management and valuation in demerits as it concerns manufacturing companies.<\/p>\n

Reliably, manufacturing companies cannot exist without stocks. Therefore, it is good for every meaningful manufacturing company to take a record of its stock.<\/p>\n

This is because a little deviation form the appropriate way of stock valuation and management will lead to material wastes, reduction in profit and loss of goodwill.<\/p>\n

Specifically, the aims of this study are; (i) to appraise the management of inventories in terms of merits and demerits as it concerns manufacturing companies and Nigeria Breweries in particular (ii) to ascertain the extent of application of stock valuation methods in manufacturing companies<\/p>\n

(iii) To ascertain the effect of various stock valuation methods on the reliability of the financial statement (iv) to determine the effects of poor storage spaces, under or over-stocking and non-store record keeping. It is also the objective of this study to make suggestions in a view to helping to solve the problems.<\/p>\n

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Introduction<\/strong><\/h3>\n

1.1 Background of the Study<\/strong><\/p>\n

It has been observed over the year that inventories constitute\u00a0 the most significant part of current assets of manufacturing companies in Nigeria and the world in general, moreover, in most industrial\u00a0 outlets raw material inventories account for over 50% of company\u2019s cost of production.<\/p>\n

It is argued that a considerable amount of\u00a0 invested capital are locked up in stock while the cost of keeping (holding) these stocks amount to about one-quarter of the value of\u00a0 the stocks.<\/p>\n

Further in the 1930s, most businesses in Europe and America experienced great slumps. This business slump was as a result of stock mismanagement and valuation.<\/p>\n

It was during this period the businessman coined the statement \u201cstocks are the graveyard of any business\u201d. The successor failure of any business depends in their level of stock management and valuation.<\/p>\n

According to the statement of accounting standard (SAS) No. 4, 1986, \u201cAppropriate classification and accurate determination of the quantity and cost of stocks<\/a> are necessary for proper determination of the result of the operation of an enterprise and for the presentation of current assets in its balance sheet\u201d.<\/p>\n

Further, Olojede 1996, said that in this ha time any good management will want to avoid two danger points usually associated with stock control<\/p>\n

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