Practical application of Mexican Financial Reporting Standard C 4 -Inventarios

Abstract

In every organization it is required to have strict control over the heading of inventories. Without any doubt, inventories represent one of the most important concepts of any economic entity, since it depends on the correct valuation to be reflected in the financial statements. This paper this document how inventories are controlled from the perspective of the current accounting standards, in all presentations warehouse account, either finished product, raw materials, production process, etc.