Inventory Valuation
(การประเมินค่าคงคลัง)
Definition
Inventory Valuation (การประเมินค่าคงคลัง) Hard Skill
Inventory Valuation is the process of determining the monetary value of goods available for sale, using various accounting methods to accurately reflect the cost and financial status of inventory.
Expertise Level
Level 1
Basic
1. Understands basic inventory concepts and terminology.
2. Can identify different types of inventory items.
3. Familiar with simple inventory valuation methods like FIFO and LIFO.
Level 2
Intermediate
1. Applies appropriate inventory valuation methods based on business context.
2. Can calculate inventory value using FIFO, LIFO, and weighted average cost methods.
3. Understands impact of inventory valuation on financial statements and taxes.
Level 3
Advanced
1. Can develop and implement inventory valuation policies aligned with accounting standards.
2. Analyzes complex inventory transactions and adjusts valuations accordingly.
3. Advises on inventory cost management and strategies to optimize financial outcomes.
