Supply Management Operations - Comptroller
Supply Management Operations - Comptroller
Supply Management Operations - Comptroller
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DoD Financial <strong>Management</strong> Regulation Volume 11B, Chapter 55<br />
December 1994<br />
Agree?<br />
Error >.10?<br />
INVENTORY RECONCILIATION PROCESS -<br />
PHYSICAL COUNT PROCEDURE<br />
Compute sample size<br />
Select items to be counted<br />
Count & tag items Rcd on work-sheet<br />
Reconcile count to item rcd<br />
Document & change prop rcds<br />
Acctg. adj?<br />
Advise acctg of necessary adjmts<br />
Conduct 100% inventory<br />
Physical inven-tory recon-ciled to prop. rcds complete<br />
D<br />
A<br />
C<br />
D<br />
B<br />
D<br />
C<br />
Illustration 2<br />
Yes<br />
No<br />
No<br />
Yes<br />
1st count?<br />
2nd count?<br />
INVENTORY RECONCILIATION PROCESS - GENERAL LEDGER/ITEM<br />
ACCOUNTABILITY RECORDS WORK SHEET<br />
Balance in G/L acct $<br />
ADD:<br />
Inventory receipts not recorded in G/L acct $<br />
Price increases not recorded in G/L acct $<br />
Other increases to inventory not recorded in G/L acct<br />
(List on separate sheet) $<br />
Total additions $<br />
SUBTRACT:<br />
Inventory issues not recorded in G/L acct $<br />
Price decreases not recorded in G/L acct $<br />
55-1-4
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