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Inventory provision calculator will be useful when...

Publication date: 2012-12-28 19:07:57

You find part of inventory obsolete and do not know how to calculate provision for slow moving inventory;
You wish to check if the policy of calculation of reserve for slow moving inventory is reasonable;
You need to calculate a provision for slow moving inventory in a very short time;
You have to compute provision for obsolete inventory and you have not much more than a stock aging report;
You wish to check if your computation of inventory provision does not contain material errors;
You are an auditor looking for a clever tool to audit provision for slow moving inventory or to quickly ensure the provisioning policy is reasonable.

Inventory provision calculator

Regards,
Slawomir Ekman
24iValue

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24iValue system imitates the process of thinking and action of a "conventional" valuation or accounting expert, and together with the user it solves the accounting or reporting problem.

For example: valuation of financial instruments, market valuation of certain assets, corporation income tax, deferred taxes, cash flow statement, finance lease accounting and establishes provisions for liabilities (including provision for retirement bonus) or provisions on assets inventories, accounts receivable, and fixed assets.

With 24iValue, you can minimise the risk of material errors and improve the quality of financial reporting and corporation tax.

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