Hotel Finance – Obsolete Stock – SOP

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To establish the requirement of providing adequate provisions in order to cover the loss of value in inventory due to obsolescence and deterioration.

SKU: FI 014 Category: Tag:

Objective:

To establish the requirement of providing adequate provisions in order to cover the loss of value in inventory due to obsolescence and deterioration.

“…Most Hotels already have a provision established and it should only be adjusted on a periodic basis to reflect significant changes in the level of provision required as indicated by the Slow Moving/ Obsolete Stock Report…”

Details:

File Size: 21 KB
File Format: Word
Print Length: 01 page
Publication Date: October 06, 2016
Document Type: SOP
Content: Intermediate
Language: English
Editable: Yes

Sopforhotel.com