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Abstract
A Call to cancel periodic inventory method system in the
small and medium-sized institutes
This study aimed to call for cancellation of periodic inventory
method system in all the institutions in general, and small and
medium-sized enterprises in particular, based on the opinions of the
specialist collected via specialized accounting forums across the
Internet.
The study found a number of results, which can be summarized as
follows:
1. The most important reasons for this type of institutions to use
the inventory method of periodic nature are type of commodity
trading, adoption of manual accounting systems, owner's direct
intervention, and resistance to change by some of the
administrative bodies.
2. Periodic inventory in a way is contrary to the conceptual
framework.
3. All financial staff is aware of the importance of using
perpetual inventory system.
4. All financial staff is aware of the risks of using periodic
inventory system.
5. The presence of a number of obstacles prevent using perpetual
system such as, Lack of awareness of the management and owners
of importance of this method, intervention of the owners, and
the unwillingness of owners to buy accounting software's.
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(المعايير االوللراإلادااواداالتقاييي االميلراإلا،2003امعراييا
المحيسبإلاالولليايقما()2اصا)3-2
(الم جا االااي، ،ا
صا،4-2االبنوايقما)5
ا(الم ج اسي، ،اصا10-2ا،نوايقما)31
)(Kieso & others, Page 370
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8
4% 1
42% 10
46% 11
8% 2
100% 24
ا
33% 8
46% 11
13% 3
8% 2
100% 24
9
25% 6
62.5% 15
12.5% 3
100% 24
17% 4 2--5
20.5% 5 6--10
20.5% 5 11--15
25% 6 16--20
17% 4 20
100% 24
10
2 13 9
0.624 4.291
8% 54% 38%
4 4 13 3
0.923 3.625
17% 17% 54% 13%
1 3 5 9 6
1.1293 3.666
4 13% 21% 38% 25%
6 5 12 1
0.916 3.333
25% 21% 50% 4%
2 16 6
0.564 4.167
8% 67 25%
2 5 13 4
0.832 3.971
8% 21% 54% 17%
3.891 المجموع
0.624 4.291
0.923 3.625
3.666
1.1293
0.916 3.333
11
0.564 4.167
0.832 3.971
3.891
4 2 15 3
0.907 3.708
17% 8% 63% 13%
1 4 3 14 2
1.021 3.5
4% 17% 13% 58% 8%
5 3 14 2
0.931 3.541
21% 13% 58% 8%
2 3 13 6
0.880 3.958
8% 13% 54% 25%
3 9 8 4
0.931 3.541
13% 38% 33% 17%
1 4 4 12 3
1.102 3.5
4% 17% 17% 50 13%
7 6 9 2
0.989 3.25
29% 25% 38% 8%
3.571 المجموع
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3.708
0.907
1.021 3.5
0.931 3.541
0.880 3.958
0.931 3.541
1.102 3.5
0.989 3.25
3.571
1 3 1 17 2
0.916 3.666
4% 13% 4% 71% 8%
1 1 2 15 5
0.928 3.916
4% 4% 8% 63% 21%
2 5 13 4
0.583 3.791
8% 21% 54% 17%
3 4 14 3
0.750 3.708
13% 17% 58% 13%
4 6 11 3
1.020 3.541
17% 25% 46% 13%
3.725 المجموع
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0.916 3.666
0.928 3.916
3.791
0.583
0.750 3.708
1.020 3.541
3.725
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Kieso, and others, Intermediate Accounting, 12th edition, John Wiley &
Sons, 2007. P 370
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