Miscellaneous 2013

Trading stock - Do you roll out the barrel or the bottle?

Source: Victoria

Published Date: 23 May 2013


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This paper looks at some aspects of accounting for trading stock which are particularly applicable to the alcohol industry, including:

  • at what stage in the production cycle do grapes, bulk wine and/or packaged wine become trading stock from the aspect of the grower and the winemaker?
  • do the same rules apply to the production of spirits?
  • how are the absorption cost rules to be applied for cellared wine?
  • can trade stock values be adjusted for anticipated returns, eg due to cork taint or unintended secondary fermentation?

Individual Session

Trading stock - Do you roll out the barrel or the bottle?

Author(s): Gil Levy CTA-Life


  • Published By: Gil Levy CTA-Life
  • Published On:23 May 2013
  • Took place at:The Henry Jones Art Hotel, Hobart

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Miscellaneous 2013

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