INDIRECT COSTS IN THE VALUATION OF INVENTORIES: FROM LAW, ACCOUNTING PRINCIPLES TO CASE LAW DECISIONS
Maria Silvia Avi
Full Professor in Business Administration Management Department- Ca’Foscari Venezia S. Giobbe – Cannaregio 873- 30121 Venezia (Italy)
The valuation of inventories is one of the main issues in financial reporting. In particular, the issue of allocation of indirect costs identifies a problem under discussion. This article highlights how in Italy indirect costs are considered in the valuation of inventories by law, accounting standards and case law.
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