Publication:
An analysis of a Navy Stock Fund inventory valuation model

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Authors
Wheelock, Kevin R.
Subjects
Inventory Valuation
Lower of Cost Or Market Value
Navy Stock Fund
Advisors
Moses, O.D.
Date of Issue
1991-06
Date
Publisher
Monterey, California. Naval Postgraduate School
Language
en_US
Abstract
The Comptroller General requires federal agencies to determine inventory values in accordance with the lower of cost or market accounting principle. The Naval Supply Systems Command (NAVSUP) is proposing for inclusion into the Department of Defense Stock Fund Regulations a model that determines the value of stock fund inventories in accordance with the Comptroller General's accounting policy. This research makes two recommendations that are intended to improve the proposed NAVSUP model's degree of compliance with the lower of cost or market accounting principle and to approximate the cost of the inventory more accurately. These two recommendations are incorporated into a second model. Using sensitivity analysis techniques, this research examined the differences in final inventory values produced by the two models under varying conditions and assumptions. It was found that under certain conditions the differences in final inventory values could be material
Type
Thesis
Description
Series/Report No
Department
Management
Organization
Naval Postgraduate School (U.S.)
Identifiers
NPS Report Number
Sponsors
Funder
Format
176 p.;28 cm.
Citation
Distribution Statement
Approved for public release; distribution is unlimited.
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