Does your unit manage inventory for resale as a part of a self-supporting operation? If so, see below for some important information to keep in mind:
- To ensure accurate financial reporting, the value of any inventory for resale on hand as of June 30 needs to be accurately reflected in Banner at the lower of cost or market prior to the year-end close.
- To ensure compliance with the applicable policies, procedures, and good business practices surrounding this topic, refer to the various details within Section 22.4, Inventory for Resale within the Business and Finance Policies and Procedures.
Contact
For additional details on this topic, reach out to the applicable subject matter experts by searching on “Fact Sheets” within the Business & Finance Who to Ask list.
