INVENTORY AND EVALUATION AT AN END OF THE YEAR

INVENTORY AND EVALUATION AT AN END OF THE YEAR

Reminder to formal companies of certain end-of-year works in accordance with the provisions of the AUDCIF:

1.At the end of each financial year, the entity must proceed to the inventory and the evaluation of its goods, receivables and debts at their actual value of the moment, called current value.

2. Do not forget the receivables and debts it inventories, in practice on is focus stocks, fixed assets and cash

3.The current value is an estimate of the moment which is appreciated depending on the market and the usefulness of the item for the entity. The usefulness of the element for the entity is to be determined in the context of the continuity of operation or use, or, where applicable, in the event of non-continuity.

4.The recording value must be the present value at the end of the financial year.

5.This inventory value is compared to the entry value appearing on the balance sheet in accordance with regulatory provisions. If the registration value is greater than the entry value, the latter is maintained in the accounts, except in cases specially provided for by law. If the recorded value is lower than the entry value, the depreciation is seen separately in the form of depreciation or depreciation depending on whether this loss of value is considered final or not.

(Français) INTERVENTION DE NOTRE PARTNER AU DINER DEBAT ONECCA 23/01/2020 (Français) DINER DE FIN D'ANNEE