perpetual inventory


Also found in: Financial, Acronyms, Wikipedia.

perpetual inventory

n
(Commerce) a form of stock control in which running records are kept of all acquisitions and disposals
References in periodicals archive ?
Offering more than 400 ingredients to the Nutraceutical, Pharmaceutical, Cosmetic and Food & Beverage Industries, JIAHERB aims to let customers feel -secure in their purchases through perpetual inventory and full documentation to support strict GMP regulations.
Beverly Sanborn, Holy Name's assistant vice president of materials management, believes perpetual inventory systems are superior to par-level systems.
Atwood's manipulation of the perpetual inventory system hid his thefts.
By direct entry on receipt (either through bar-coding or from shipping invoices appropriately confirmed), the items are initially counted and maintained through the perpetual inventory system.
The Envoy automated system thus minimizes nurse decision making, eliminates shift counts of narcotics and offers 100% perpetual inventory of all drugs," says Kokot.
Control activities--including periodic physical counting of this inventory and prompt reconciliation of the resulting count to perpetual inventory records--reduce the potential for undetected material defalcation.
500 (1989) (taxpayer's perpetual inventory included only 10 percent of the goods on hand; change to physical inventories was a change in method of accounting giving rise to a section 481 adjustment that included 20 closed years); Pacific Enterprises v.
Bureau of the Census of utilization rates in manufacturing establishments for the fourth quarter of years through 1990, (2) output and capacity data in physical units from various sources through 1992, and (3) estimates of capital stock derived through the perpetual inventory method from investment spending by industry.
One of the key advantages of computerized accounting is perpetual inventory.
The perpetual inventory figure and store records should be checked for keypunch mistakes.
The BLS uses the perpetual inventory method to construct net capital stock measures, that is, measures of capital stock net of the decay in the productive efficiency of existing capital assets.
In addition, with Fulfill-Rx, McKesson Connect andMcKesson Connect Link, Allegiance Health can leverage a perpetual inventory system that will eliminate the manual process of tracking and replenishing inventory associated with automated dispensing cabinets.
Full browser ?