Noem de 3 redenen waarom reporting of inventory and cost of goods sold belangrijk is.

1. Cost of goods sold is often the largest single expense in a company's income statement, and inventory may be one of the largest assets in the balance sheet. Consequently, information about inventory and cost of goods sold is critical for interpreting the financial statements.
   
2. In order to effectively manage operations and resources, management needs accurate and timely information about inventory quantities and costs.
3. Alternative methods of accounting for inventory and cost of goods sold can distort interpretations of margins and turnovers unless the information in the financial statement footnotes is used.