beginning inventory
[bɪˈɡɪnɪŋ ɪnˈvɛntəri]
nounpl: beginning inventories
inventário inicial
1. The total value or quantity of goods, materials, or stock on hand at the start of an accounting period
The beginning inventory for the first quarter was valued at $50,000.
O inventário inicial do primeiro trimestre foi avaliado em $50.000.
2. The stock level recorded at the opening of a business period used in cost of goods sold calculations
Beginning inventory is added to purchases and then ending inventory is subtracted to determine cost of goods sold.
O inventário inicial é adicionado às compras e então o inventário final é subtraído para determinar o custo das mercadorias vendidas.
Beginning inventory is a fundamental accounting concept in both Brazilian and American business contexts. In Brazil, companies follow IFRS standards where beginning inventory is crucial for financial reporting. In the USA, it is essential under GAAP accounting principles. Both markets emphasize accurate beginning inventory counts to ensure correct cost of goods sold calculations and financial statement accuracy.
Related Idioms & Phrases
beginning inventory balance
beginning inventory count
beginning inventory valuation
from beginning inventory
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