All departments are required to perform a complete inventory of their capital equipment once per year. This process is an important control activity designed to safeguard the assets of the University.

Adjusting an entry to correct a physical count of inventory is a common activity because the inventory account does usually not agree with the physical inventory. Retail stores take physical inventory ...

When it's time to take inventory, businesses must consider key factors in achieving accurate and consistent results. Companies can take strategic planning steps when preparing for physical counts, ...