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FASB ASC Guide > FASB ASC 330

The Financial Accounting Standards Board (FASB) released the 300 section of the Accounting Standards Codification for the purpose of discussing the braod topic of Assets. Accounting Standards Codification 330 (ASC 330) was released to address the more specific topic of inventory which a company sells in the normal course of business.

We have included the following inventory related articles below to expand on the subject of inventory accounting fundamentals.

+Gross Profit Method
+LIFO Layers
+LIFO inventory and Fair Market Value
+LIFO Reserves
+Measuring Inventory Change
+Inventory Turnover

Check out more high level explanations of the FASB ASC in our Guide to the Accounting Standards Codification!

For more in depth information on this and other FASB ASC topics, check out the following books.