Inventory Management Criteria for Recognition of Inventories 1. In general, the determination of items to be included in the inventories is based on the ownership of the inventories, i.e. the legal title to the inventories. However, the notion of “control” is central to UNDP’s inventories policy in order to recognize inventories as assets. UNDP must examine the substance of the transaction, …
Content Type: Document
Document Type: Policy
Effective Date: 31-12-2016
Planned Review Date: 09-01-2026
Policy Area: Financial Resources Management
Policy Chapter: Inventory Management
Policy: Inventory Management