ITMPI FLAT 004
Main Menu
Home / Uncategorized / Accounting for Shifts in Retail Supply Chain Practices

Accounting for Shifts in Retail Supply Chain Practices

The demand among consumers for more speed in the availability and delivery of goods shows no signs of declining, so supply chain leaders are having to engineer new methods to keep up. Dean Sonderegger writes about how these new methods will also require evolved accounting practices to keep up with it all. It will be tricky but necessary to track expenses and asset lifecycles reliably. The Generally Accepted Accounting Principles (GAAP) structure may not be enough to mind the gap (eh?) in isolation, since it fails to account for assets that appreciate over time. New regulations introduced by the IRS “make proper fixed asset reporting critical from a compliance perspective, leaving firms across industries scrambling over how to transition their accounting systems and internal procedures.” You can read about these ideas in their full depth here: http://independentretailer.com/2014/11/10/accounting-for-shifts-in-retail-supply-chain-practices/

About John Friscia

John Friscia is the Editor of Computer Aid's Accelerating IT Success. He began working for Computer Aid, Inc. in 2013 and continues to provide graphic design support for AITS. He graduated summa cum laude from Shippensburg University with a B.A. in English.

Check Also

The Robot Will See You Now: AI and Your Health Care

Health care is–as some have recently realized–complicated. Robots and apps will only make things more …

Leave a Reply

Your email address will not be published. Required fields are marked *

Sorry, but this content
is for our subscribers only!

But subscribing to ACCELERATING IT SUCCESS is FREE and only one click away!
Join more than 40,000 IT Professionals and get the best IT management articles to your mailbox with Accelerating IT Success!

Unsubscribe at any time