Inventory or also asset master is "a summary of assets and liabilities of "all balanced objects of value of an enterprise. It comes from in 15. /16. Century common, latin word inventarium (legal technical term) off.

Also today one understands the stocktaking of the fortune values by a stocktaking. In the marketing and management the inventory marks the whole of mobile net assets of a company. Also mechanisms of dwellings are occasionally named. One calls an inventory list in account form balance.

Marketing and management

Definition

The inventory is in accordance with "§ 240 exp. 1 the HGB from the buyer to beginning of its trade and in the end each financial year inventory register of all fortune articles which can be being been setting up. Tangible assets and supplies are to be seized by physical stocktaking (, cradles, fairs, treasures count).

Stocktaking procedure

With the way to make the stocktaking in particular three procedures are differentiated. With the fixed date inventory it acts ith D. R. around a stocktaking to the balance-sheet date. If the stocktaking for organizational reasons is expanded since several days (so that it can extend also actually over the balance-sheet date), this is an extended fixed date inventory.

If the stocktaking up to three is put months before or up to two months behind the balance-sheet date, this is a forced stocktaking or a after-shifted stocktaking. Now however the determined values in one must sucked special inventory registered and then on the balance-sheet date to be pre and/or reckoned back. If the stocktaking is raised distributed flowing over the whole year, by the same method of the pre or back calculation a final value is reached. This photograph procedure is the permanent stocktaking in such a way specified.

Apart from the collection of the inventory sizes by the stocktaking now still the development of this seized existence, usually one financial year remains to regard. Only with this flow parameter the development of an existence can be judged, which permits then also statements about the development of the enterprise. In particular the development of the own capital funds position is here of importance.

Inventory (formal)

The inventory is a detailed inventory register, which proves all fortune articles and debts of an enterprise at a certain time after kind, quantity and value. The inventory consists of the fortune, the debts and own capital funds and/or net assets.

The result of a stocktaking is laid down in an inventory arranged into (at least) three parts:

1. Fortune articles are divided into fixed assets and circulating capital. Durably in the enterprise used goods are counted to the fixed assets, only temporarily used and/or bound goods to the circulating capital.
2. Debts (=Fremdkapital - balance-technically also commitments called)
3. Net assets (=Eigenkapital) as difference of (1) and (2) determine, as if (sold) the fortune articles were up-counted against the debts.

The inventory covers thus from top to bottom:

• Fortune (according to rising liquidity sorts):
  • Fixed assets
    • Properties and buildings,
    • Machines
    • Vehicle park
    • Business equipment
  • Circulating capital
    • Raw materials
    • Auxiliary materials
    • Fuels
    • Incomplete products
    • Finished products
    • Demands
    • Cash (cash)
    • Bank assets

• Debts (=Verbindlichkeiten) (sorted according to rising maturity)
  • Long-term debts
    • Mortgage debts
    • Loans
  • Short term debts
    • Commitments at suppliers,
    • Bills payable,

• ''' Calculations of net assets (=Eigenkapital)
  • Fortune - debts = net assets

Articles in category "Inventory"

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