Inventories Management Practice in Bangladesh

Abstract

In this report describe about what is inventory management and different types of inventories management practice. Here also describe the instruction of International Accounting Standard 2 (two) which types of materials are inventory as per IAS-2 and how maintain the accounts of inventory. Which cost formulas can be followed and cannot be followed according IAS 2. This report give the information in Bangladesh the business organizations how maintain inventories management system and how keep their records of accounts. Which procedures and procurement they follow and how this management system helps to achieve their goals. How external auditor audit the inventories of an organization.