Inventories – Finished Goods (SF.BS.Inventories_FinishedGoods)
Inventories – Finished Goods (SF.BS.Inventories_FinishedGoods) refers to inventories of unsold finished goods on hand. The goods may have been produced internally or purchased for resale.
When there is no specific segregation of inventories among finished goods, work-in-progress, and raw materials, Sentieo refers to it as Total Inventory (SF.BS.TotalInventory).
Inventories – Finished Goods (SF.BS.Inventories_FinishedGoods) includes:
- Merchandise in transit
- Any item that is available for sale
- Iron ore in metal mining companies
- Coal in coal mining companies
- Gold bullion in gold mining companies
- Oil extracted in oil and gas exploration companies
- Unbilled revenue (services rendered) in companies other than utility companies, reported within inventories
Inventories – Finished Goods (SF.BS.Inventories_FinishedGoods) does not include:
- Items that are purchased for own use (classified as Property/Plant/Equipment, Total – Net (SF.BS.PPETotalNet))
- Natural gas in storage for gas utility companies (classified as Gas in Storage – Inventory (SF.BS.GasInStorage_Inventory))
- Unbilled revenue receivables in utility companies (classified as Unbilled Utility Revenue (SF.BS.UnbilledUtilityRevenues))
- Unbilled receivables in industries other than utility, reported within receivables or as a standalone item (classified as Accounts Receivable – Trade, Gross (SF.BS.AccountsReceivable_TradeGross) or Accounts Receivable – Trade, Net (SF.BS.AcctsReceivable_TradeNet))