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jetone · 08-04-2007, 08:26 AM

My suggestion for the definition of the rollforward is:

It is a procedure performed to determine the balance of an account at a certain date (future or current date) by appropriately adding to or deducting from the beginning balance the transactions during the period that intervene the beginning balance date and the certain date (future or current date). For example, to the determine the ending balance of an inventory as of December 31, while you observe the physical count on December1, you perform a rollforward procedure as follows:

Physical count balance, Dec. 1 10,000
Add: Total Inventory Receipts (Dec 2-31) 5,000
Less: Total Inventory Issuance (Dec. 2-31) 7,000
Ending Inventory Balance, Dec. 31 8,000

Espero que este te ayuda.

08-04-2007, 08:26 AM	#3
jetone New Member Join Date: Aug 2007 Posts: 2 Rep Power: 0	rollforwards My suggestion for the definition of the rollforward is: It is a procedure performed to determine the balance of an account at a certain date (future or current date) by appropriately adding to or deducting from the beginning balance the transactions during the period that intervene the beginning balance date and the certain date (future or current date). For example, to the determine the ending balance of an inventory as of December 31, while you observe the physical count on December1, you perform a rollforward procedure as follows: Physical count balance, Dec. 1 10,000 Add: Total Inventory Receipts (Dec 2-31) 5,000 Less: Total Inventory Issuance (Dec. 2-31) 7,000 Ending Inventory Balance, Dec. 31 8,000 Espero que este te ayuda.