Non-Accounting Majors

Various accounting principles plays vital role in the success of efficient management of inventories of any companies. Inventories are important aspect of the company since it is the one the determines the available raw materials for the production of the organization, or it could be that it determine the available stocks of the company on their warehouses to be distributed to the market (Robertson, 1998). So much with the importance of inventory management, let us now pay more attention on the importance of accounting to inventory management.

Well, the idea of check and balance of accounting could be used by managers assigned in inventory management. Inventories must be checked every now and then depending on the need of the company, the demand and supplies of raw materials must be on balance in order not to affect the operation of the business. Moreover, inventory managers having knowledge in accounting would enables them to determine the allowable level of ending inventories by the end of every period so as to make the financial condition as well as the assets to be stable.

There are also times that there are inventories that are non-taxable, therefore, the inventory manager must know how to present those non-taxable inventories to the accountant of the company. The inventory manager should know this kind of principles in order not for the company to pay too much tax and for the smooth flow of data transfer from one department to another since the inventory manager has to identify first those non-taxable inventories before presenting the report to the accounting division. With this, even simply knowledge in accounting would give companies chances of working things smoothly.

I am not saying that inventory managers have to acquire accounting studies as well. But the mere basic principles of accounting would be just enough for us to perform our responsibilities well and to avoid committing mistakes as to the proper ways of presenting the needed data of various departments of the organization.


  1. Robertson, L. (1998). Managing Inventory [Electronic Version], 1. Retrieved 9-20-07 from



Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with MyStudyWriters
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Business and administrative studies
looks good thank you
Customer 452773, March 3rd, 2023
Criminal Justice
This has been the greatest help while I am recovering from an illness. Thank your team so much.
Customer 452671, May 2nd, 2021
Looks great and appreciate the help.
Customer 452675, April 26th, 2021
I just need some minor alterations. Thanks.
Customer 452547, February 10th, 2021
Business and administrative studies
Customer 452773, March 3rd, 2023
Business and administrative studies
excellent paper
Customer 452773, March 3rd, 2023
thank you so much
Customer 452749, June 10th, 2021
Business and administrative studies
excellent work
Customer 452773, March 12th, 2023
Business and administrative studies
excellent job
Customer 452773, March 12th, 2023
Business and administrative studies
Customer 452773, February 23rd, 2023
Impressive writing
Customer 452547, February 6th, 2021
Business and administrative studies
Excellent job
Customer 452773, March 17th, 2023
Customer reviews in total
Current satisfaction rate
3 pages
Average paper length
Customers referred by a friend
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Sometimes it is hard to do all the work on your own

Let us help you get a good grade on your paper. Get professional help and free up your time for more important courses. Let us handle your;

  • Dissertations and Thesis
  • Essays
  • All Assignments

  • Research papers
  • Terms Papers
  • Online Classes



eskişehir eskort



eskişehir eskort

Live ChatWhatsApp