Corporate Accounting Visits the Plant The Situation The person in charge of tracking parts for the Power Plant on an Excel spreadsheet is on vacation. An Accountant from Corporate visits the plant during this time period to determine inventory and counts all boxes as a full set with 100% life remaining. Unfortunately, some boxes contain only a partial set due to fall out at the repair shop and others have less than 50% life remaining on these parts. The inventory value for tax purposes is overstated by four-times the actual value of the parts. The Client A Power Plant in the United States that is wholly owned by a larger parent company with Corporate Accounting, Legal, Marketing and Business functions located at the Corporate parent and inventory stores kept at each specific powe

Join for free to read