Explain the material and financial accounting impacts of goods movements in inventory management.

Question: Explain the material and financial accounting impacts of goods movements in inventory management.Explain the material and financial accounting impacts of goods movements in inventory management.
What is Material in Accounting- Information is considered to be material when its absence would have an effect on the decisions of the users of financial statements. Items are considered to be material when they have an excessive impact on reported p…View the full answer