'Estimating the value of inventory is not sufficiently accurate to justify using such an approach. Only a...

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'Estimating the value of inventory is not sufficiently accurate to justify using such an approach. Only a full physical count can give full accuracy.' Discuss.

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Applying International Financial Reporting Standards

ISBN: 978-0730302124

3rd edition

Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise

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Question Posted: Apr 30, 2016 01:01 PM

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Estimating the value of inventory is not sufficiently accurate to justify using such an approach. Only a full physical stocktake can give full accuracy. Discuss.
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