Because of the Christmas season, most retailers tend
to end their fiscal year at the end of January. Does this make it difficult to
determine the value of inventory when preparing financial statements?
Thank you for the opportunity to help you with your question!
NO!..................It definitely doesn't affects the inventory determination, this is because the previous eyes inventory mostly was conducted at the same time!...so january 31 would be the new calendar time for the financial statement to be prepared.
Please let me know if you need any clarification. I'm always happy to answer your questions.
Jul 6th, 2015
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