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Inventory Management

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