tailieunhanh - New Hampshire Financial Accounting Handbook for Local Education Agencies

Inventories are valued at the lower of cost or market value less advance payments on work in process. The cost of inventories comprises all costs of purchase, costs of conversion and other costs incurred bringing the inventories to their present location and condition. The costs of conversion of inventories include direct labor, fixed and variable production overheads, product development and process development costs, taking into account the stage of completion. The cost of inventories is determined using the first-in, first-out (FIFO) method. Provision is made for obsolescence. Other non-current assets Loans receivable are carried at face value, less a provision for doubtful accounts. Investments in companies (securities) with a. | New Hampshire Financial Accounting Handbook for Local Education Agencies 1999 Edition Revised August 2001 New Hampshire Department Of Education In Cooperation With New Hampshire Department of Revenue Administration And New Hampshire Association Of School Business Officials GOVERNOR of NEW HAMPSHIRE JEANNE SHAHEEN EXECUTIVE COUNCIL District No. 1 Raymond S. Burton Woodsville District No. 2 Peter J. Spaulding Hopkinton District No. 3 Ruth L. Griffin Portsmouth District No. 4 Thomas P. Colantuono Londonderry District No. 5 Bernard A. Streeter Nashua NEW HAMPSHIRE STATE BOARD of EDUCATION John Lewis Chairman Durham jml5292257@ Ann McArdle Manchester amcardle@ Gail F. Paine Intervale g paine@ Joel C. Olbricht 2001 Derry jco@ Jeffrey M. Pollock Manchester jmpollock@ David B. Ruedig Concord mruedig@ Ann M. Logan Amherst logans@ NEW HAMPSHIRE DEPARTMENT OF EDUCATION 101 Pleasant Street Term Expires 2002 2000 2004 2003 2001 2004 Concord NH 03301-3860 Tel 603 271-3494 Fax 603 271-1953 Citizens Services Line 1-800-339-9900 Commissioner of Education Dr. Elizabeth M. Twomey etwomey@ Deputy Commissioner Nicholas C. Donohue ndonohue@ Director Division of Program Support Dr. Judith D. Fillion jfillion@ To visit our Web site our URL is http doe NOTICE OF NONDISCRIMINATION The New Hampshire Department of Education does not discriminate on the basis of race color national ethnic origin age sex or disability in its programs activities and employment practices. The following person has been designated to handle inquires regarding the nondiscrimination policies Susan E. Auerbach NH Department of Education 101 Pleasant Street Concord NH 03301 603 271-3743 Equal Opportunity Employer-Equal Educational .