Végkészletei

Végkészletei refers to the final inventory or stock of goods held by a company at the end of an accounting period. This term is primarily used in business and accounting contexts, particularly in Hungary, where the word originates. Végkészletei represents the value of all tangible goods that are available for sale, in the process of production, or used as raw materials for future production, as of the closing date of a financial statement.

The calculation of végkészletei is crucial for determining a company's cost of goods sold (COGS) and its overall profitability. It is a key component in the fundamental accounting equation and is used to prepare the balance sheet, where inventory is listed as an asset. Proper valuation of végkészletei is essential for accurate financial reporting and can significantly impact tax liabilities. Different inventory valuation methods, such as FIFO (First-In, First-Out) or LIFO (Last-In, First-Out), can be applied, leading to different values for the ending inventory and COGS. Companies must adhere to accounting standards when determining and reporting their végkészletei to ensure transparency and comparability of financial information. It is a dynamic figure, changing constantly with sales, production, and procurement activities.