Current Assets

Current Assets: Definition, Classification, Calculation, and Example

Definition: Current Assets refer to entity’s assets that could be converted to or uses within the period of less than one years. They are the group of liquid assets that expected to be used, consumed or converted into cash with 12 months from reporting date. In balance sheet, these group of assets are report separately …

Current Assets: Definition, Classification, Calculation, and Example Read More »

Inventory Turnover Ratio: Definition, Using, Formula and Example

Inventory Turnover Ratio: Inventory Turnover Ratio is one of the Financial Ratios used to assess how often the inventories are replacing and sales performance over a specific period of time. This ratio is normally used as a tool to assess how well the inbound and outbound system of inventories are, based on the strong relationship …

Inventory Turnover Ratio: Definition, Using, Formula and Example Read More »

Just-In-Time: History, Objective, Productions, and Purchasing

History of Just In Time (JIT): Just In Time, sometimes called TOYOTA Manufacturing Production System, is part of the Lean Manufacturing Production System. There is a long story before becoming the Just-In-Time that we know today. The Just In Time concept was first initiated by Eli Whitney in 1799, who has a large contract with the …

Just-In-Time: History, Objective, Productions, and Purchasing Read More »