Professional Documents
Culture Documents
and Warehousing
Cycle
Chapter 21
Physical Controls
Timing
Sample
size
Selection
of items
Existing inventory is
Completeness
counted and tagged.
Inventory is counted
Accuracy
accurately.
Valuation of inventory
Completeness Accuracy
Realizable
Classification
value
Presentation
Rights
and disclosure
Cost or market
Finished goods
Ending inventory
Finished goods
Tests of sales
and Cost of goods sold
collection cycle