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Thursday, June 6, 2024

Consideration for Year-End: Inventory

Inventory Considerations

If your area has inventory (either for resale or for use), please let us know so it can be properly recorded for UVA's annual financial statements.  

What counts as "inventory"?  Anything with a value over $25,000 that you buy and store for future use (think lab supplies, for instance).

Questions?  Reach out to the Financial Reporting Team via AskFinance@virginia.edu

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