Shop University, the University of auxiliary bookstore operations reflected inflated inventories at the end of the year. Overestimation was largely a result of changes in the book industry, including more frequent revision of the text of cycles and increasing competition from the Internet and e-book sales, as well as traditional competitors. Direct questions were to account for the assessment of losses on non-returnable inventory, old books and other retail value of inventory for reporting purposes. Because nonprofit employment generally accepted accounting principles, it was required to report its inventory, respectively, estimates of reserves at the lower of cost or market value. Management of long-term concern was the need to store in the risk management of inventory. Managers needed to assess the weaknesses in the processes of inventory management and development control procedures to minimize future obsolescence. "Hide
by Elizabeth Grace V Source: North American Case Research Association (NACRA) 11 pages. Publication Date: 01 Oct 2011. Prod. #: NA0188-PDF-ENG
