In the working paper “Beyond AI Exposure: Which Tasks are Cost-Effective to Automate with Computer […]
Hello and Happy post-Christmas Monday, everyone. Quick show of hands (let’s just pretend I can […]
According to this recent post on Fishbowl, the answer is yes: Hey, if you’re a […]
While you first-years were slaving away doing year-end inventory counts of grain or cakes in […]
So here I am crouched over in front of my laptop on the last Saturday […]
Exposure Drafts appears every other Wednesday. Send your accounting cartoon suggestions and accountant pejoratives to […]
Exposure Drafts appears every other Wednesday. Send comments and suggestions to [email protected].
What is the worst inventory observation you’ve ever done? My coworker once counted grain and had to scale the enormous storage vat and look down into it. That wouldn’t work for me. I harbor a pathological fear of falling into one of those things, suffocating among the wheat shafts, and winding up ground into a box of breakfast cereal. (I had a damaged childhood, okay?)
It's that time of year again, I'm busy doing a year-end inventory count of my cats and there may be a few of you huddled in freezers and barns and warehouses around the country asking yourselves "I mean just how material is this variance?"
We asked the auditors out there to share some inventory count horror stories and here are some of the best (or is that worst?).
Let's get right to it:
Did I say a few?
The Alabama Poultry and Egg Association estimated that five million chickens probably died in the tornadoes, which slammed the northern part of the state, where the industry is centered.
Not to worry though, you’ll still be able to get your McNugget™ fix:
That alone isn’t enough to disrupt chicken supplies nationally. The state usually produces about 21.5 million chickens in a week. The U.S. produces roughly nine billion chickens annually.