Are there specific accounting rules for inventory write-downs in specific industries like pharmaceuticals? What are the unique challenges of inventory valuation and write-downs in the retail industry?

... inventory logs the valuables in your home and each item's worth. | Photo credit: Adobe Stock. Can you write down what you had for breakfast this morning? Inventory is typically written down for two reasons: When they cannot sell inventory, they have to write it down. Otherwise inventory will be artificially high. Jan 5, 2024 ... Lamb Weston feels effect of excess potato inventory write-down. Second-quarter volumes pressured by low-margin business exit. ... Lamb Weston ... Sep 23, 2020 ... I'm having a tough time logically working out why COGS would increase as inventory would decrease during a write-down. Dec 26, 2022 ... The Opportunistic Overproduction Hypothesis assumes that firms with REM incentives are less likely to report inventory write-downs. Our ... Mar 28, 2025 ... An inventory write-down, or inventory impairment, is a compulsory accounting procedure that a company can follow when its inventory value ... Dec 20, 2023 ... An inventory write-down has several effects on a company's financial statements, including the balance sheet, current assets, and equity. Because predicting inventory write-downs in the semiconductor manufacturing industry is vital but complex, a systematic model that captures critical features, ... Apr 19, 2021 ... A write-down is the reduction of the value of an asset. The amount of the write-down is the difference between the book value listed on the balance sheet. Apr 7, 2025 ... A write-down strategy keeps your inventory, margins, and sales team aligned with reality. The Best Practice: Create a Reserve. The best ...