RECORDING AND MANAGING INVENTORY AT SETIA ABADI

Abstract

Setia Abadi is a company engaged in the field of trade in goods and services in the category of
printing. The method use in the final report is descriptive method and how to obtain these data with
field studies and literature. Based on the results of practical work it can be concluded that recording,
valuation, presentation, and disclosure of inventory has been done according to the Financial
Accounting Standards Board and controlling of inventory in the warehouse is adequate. Recording
method performed by this company is a physical method to the valuation method FIFO (First In,
First Out) where two things are in accordance with the Financial Accounting Standards. Income
Statement presented in accordance accounting principles that are based on the entities without public
accountability.