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Accounting for Inventories According SFAS 14

PSAK 14 (Accounting Standards for Inventories) determines how companies record the amount of costs recognized as assets (inventories), the measurement of inventories in the statement of financial position, and the accounting treatment of inventories when they are sold. PSAK 14 latest amendment, when this article was written, was in 2014 and effective as of 1 January 2017.

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