Beginning Inventory - BI
Beginning inventory is similar to ending inventory except that it is adjusted for any accounting discrepancies. BI is an important figure for companies because they use it to gauge new ordering requirements and to forecast future sales. Company managers can be evaluated based on their levels of beginning inventory and inventory turnover.
Investment dictionary. Academic. 2012.
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beginning inventory — ➔ inventory * * * beginning inventory UK US noun [C or U] (plural beginning inventories) ACCOUNTING ► OPENING STOCK(Cf. ↑opening stock) … Financial and business terms
Beginning Inventory — is the amount of inventory a company have in stock at the start of this fiscal year. It is closely related with Beginning Inventory Cost, which is the amount of money spent to get these goods in stock. It should be calculated at the Lower of Cost … Wikipedia
beginning inventory — inventory taken at the end of an accounting period … English contemporary dictionary
beginning inventory — Fin the closing inventory at the end of the balance sheet from one accounting period that is transferred forward and becomes the opening stock in the one that follows. U.K. term opening stock … The ultimate business dictionary
Inventory — means a list compiled for some formal purpose, such as the details of an estate going to probate, or the contents of a house let furnished. This remains the prime meaning in British English. In the USA and Canada the term has developed from a… … Wikipedia
inventory — the value of all the stock of physical items that a business uses in its production process or has for sale in the ordinary course of doing business. Glossary of Business Terms A category of goods defined by Article 9 of the Uniform Commercial… … Financial and business terms
Inventory turnover — The Inventory Turnover is an equation that equals the cost of goods sold divided by the average inventory. Average inventory equals beginning inventory plus ending inventory divided by 2. Inventory Turnover EquationThe formula for inventory… … Wikipedia
Inventory — For companies: Raw materials, items available for sale or in the process of being made ready for sale. They can be individually valued by several different means, including cost or current market value, and collectively by FIFO, LIFO or other… … Financial and business terms
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
Inventory of Church Property — • An inventory is to be made at the beginning of a given administration; when the period of management has expired, the out going official must produce all the things which appear in this inventory or were added later, excepting those which have… … Catholic encyclopedia