{"id":5116,"date":"2021-10-15T13:14:12","date_gmt":"2021-10-15T13:14:12","guid":{"rendered":"https:\/\/procjenitelji.me\/procjena-vrijednosti-zaliha\/"},"modified":"2024-03-20T10:46:01","modified_gmt":"2024-03-20T10:46:01","slug":"inventory-valuation","status":"publish","type":"page","link":"https:\/\/procjenitelji.me\/en\/inventory-valuation\/","title":{"rendered":"Inventory valuation"},"content":{"rendered":"<section class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_empty_space][\/vc_column][\/vc_row][vc_row][vc_column]<style type=\"text\/css\" data-type=\"the7_shortcodes-inline-css\">.shortcode-single-image-wrap.shortcode-single-image-1a93931e49965882c757ceabe659d769.enable-bg-rollover .rollover i,\n.shortcode-single-image-wrap.shortcode-single-image-1a93931e49965882c757ceabe659d769.enable-bg-rollover .rollover-video i {\n  background: -webkit-linear-gradient();\n  background: linear-gradient();\n}\n.shortcode-single-image-wrap.shortcode-single-image-1a93931e49965882c757ceabe659d769 .rollover-icon {\n  font-size: 32px;\n  color: #ffffff;\n  min-width: 44px;\n  min-height: 44px;\n  line-height: 44px;\n  border-radius: 100px;\n  border-style: solid;\n  border-width: 0px;\n}\n.dt-icon-bg-on.shortcode-single-image-wrap.shortcode-single-image-1a93931e49965882c757ceabe659d769 .rollover-icon {\n  background: rgba(255,255,255,0.3);\n  box-shadow: none;\n}\n<\/style><div class=\"shortcode-single-image-wrap shortcode-single-image-1a93931e49965882c757ceabe659d769 alignnone  enable-bg-rollover dt-icon-bg-off\" style=\"margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px; width:2000px;\"><div class=\"shortcode-single-image\"><div class=\"fancy-media-wrap  layzr-bg\" style=\"\"><img class=\"preload-me lazy-load\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D&#39;http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg&#39;%20viewBox%3D&#39;0%200%201280%20576&#39;%2F%3E\" data-src=\"https:\/\/procjenitelji.me\/wp-content\/uploads\/2022\/02\/55-1280x576.jpg\" data-srcset=\"https:\/\/procjenitelji.me\/wp-content\/uploads\/2022\/02\/55-1280x576.jpg 1280w\" width=\"1280\" height=\"576\"  data-dt-location=\"https:\/\/procjenitelji.me\/en\/procjena-vrijednosti-zaliha\/attachment\/55\/\" style=\"\" alt=\"\" \/><\/div><\/div><\/div>[vc_empty_space][vc_column_text]<\/p>\n<p style=\"text-align: justify;\">The valuation of inventory in Montenegro is regulated by the Accounting Law, as well as the Regulation on the Methodology for the Valuation of Property, in accordance with the application of<strong> International Financial Reporting Standards:<\/strong><\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;2\/3&#8243;][vc_empty_space]<div class=\"standard-arrow list-divider bullet-top\"><ul>\n<li>IFRS 2 \u2013 Inventories<\/li>\n<li>IFRS 36 \u2013 Impairment of Assets<\/li>\n<\/ul>\n<\/div>[vc_column_text]<strong>as well as International Valuation Standards for inventories:<\/strong>[\/vc_column_text][vc_empty_space]<div class=\"standard-arrow list-divider bullet-top\"><ul>\n<li>IVS 230 \u2013 Inventories<\/li>\n<\/ul>\n<\/div>[\/vc_column][vc_column width=&#8221;1\/3&#8243;][vc_empty_space][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<p style=\"text-align: justify;\">Inventory of materials, goods, work in progress, and finished products represents the most significant part of business assets in most companies and the largest item in financial statements.<\/p>\n<p>[\/vc_column_text][vc_empty_space][vc_column_text]<\/p>\n<p style=\"text-align: justify;\"><strong>A professionally conducted valuation of inventory is important because:<\/strong><\/p>\n<p>[\/vc_column_text][vc_empty_space]<div class=\"standard-arrow list-divider bullet-top\"><ul>\n<li>It can help maximize profitability;<\/li>\n<li>Ensures accurate representation of inventory value in a company&#8217;s financial statements;<\/li>\n<li>The method of inventory valuation directly affects the selling price of goods, gross revenue, and the monetary value of remaining inventory;<\/li>\n<li>Valuing remaining inventory affects the potential value of the company;<\/li>\n<li>The method used for inventory valuation directly impacts gross profit and the income statement, providing companies and investors with an insight into financial performance.<\/li>\n<\/ul>\n<\/div>[vc_column_text]Our team uses various valuation methods depending on the approach to valuation:[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space][vc_column_text]<strong>1. Market approach:<\/strong>[\/vc_column_text][vc_empty_space]<div class=\"standard-arrow list-divider bullet-top\"><ul>\n<li>Direct comparison method<\/li>\n<\/ul>\n<\/div>[vc_column_text]<strong>2. Income approach:<\/strong>[\/vc_column_text][vc_empty_space]<div class=\"standard-arrow list-divider bullet-top\"><ul>\n<li>Top-down method<\/li>\n<li>Bottom-up method<\/li>\n<\/ul>\n<\/div>[vc_column_text]<strong>3. Cost approach:<\/strong>[\/vc_column_text][vc_empty_space]<div class=\"standard-arrow list-divider bullet-top\"><ul>\n<li>Amortized cost replacement method<\/li>\n<li>Cost reproduction method<\/li>\n<\/ul>\n<\/div>[\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<p style=\"text-align: justify;\">In our many years of practice, we have identified numerous irregularities in inventory balancing and valuation that carry over into subsequent years of operation. Therefore, it is extremely important that inventory valuation be conducted by a professional team with extensive experience in this field.<\/p>\n<p>[\/vc_column_text][vc_empty_space][vc_empty_space][vc_empty_space][\/vc_column][\/vc_row][vc_row][vc_column][vc_btn title=&#8221;ONLINE APPLICATION FOR INVENTORY VALUATION&#8221; color=&#8221;peacoc&#8221; align=&#8221;center&#8221; link=&#8221;url:https%3A%2F%2Fprocjenitelji.me%2Fen%2Frequest-for-inventory-valuation%2F|title:Zahtjev%20za%20procjenu%20vrijednosti%20zaliha&#8221;][\/vc_column][\/vc_row]<\/p>\n<\/section>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_empty_space][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space][vc_column_text] The valuation of inventory in Montenegro is regulated by the Accounting Law, as well as the Regulation on the Methodology for the Valuation of Property, in accordance with the application of International Financial Reporting Standards: [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;2\/3&#8243;][vc_empty_space][vc_column_text]as well as International Valuation Standards for inventories:[\/vc_column_text][vc_empty_space][\/vc_column][vc_column width=&#8221;1\/3&#8243;][vc_empty_space][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text] Inventory of materials, goods, work in progress, and finished&hellip;<\/p>\n","protected":false},"author":6,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/procjenitelji.me\/en\/wp-json\/wp\/v2\/pages\/5116"}],"collection":[{"href":"https:\/\/procjenitelji.me\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/procjenitelji.me\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/procjenitelji.me\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/procjenitelji.me\/en\/wp-json\/wp\/v2\/comments?post=5116"}],"version-history":[{"count":0,"href":"https:\/\/procjenitelji.me\/en\/wp-json\/wp\/v2\/pages\/5116\/revisions"}],"wp:attachment":[{"href":"https:\/\/procjenitelji.me\/en\/wp-json\/wp\/v2\/media?parent=5116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}