Are inventory and current assets completely the same concept? Can the two be equated?

Inventory refers to the finished products or commodities held by enterprises for sale in their daily activities, and the materials or materials consumed in the process of products, production or provision of services. , including all kinds of materials, products in process, semi-finished products, finished products or inventory goods, packaging materials, low-value consumables, entrusted processing materials, etc.

Current assets refer to the assets that can be realized or used by an enterprise within a business cycle of one year or more, and are an indispensable part of enterprise assets. During the turnover transition period, current assets start from monetary form, change its form in turn, and finally return to monetary form. Various forms of capital are closely combined with production and circulation, with fast turnover and strong liquidity.

Extended data:

To confirm whether an inventory belongs to an enterprise, the standard is to see whether the enterprise has legal person property rights (or legal property rights) for the inventory. On the inventory date, all articles whose legal property rights belong to the enterprise, no matter where they are stored or in what state, should be recognized as the inventory of the enterprise.

The calculation of taxpayers' goods, materials, finished products and semi-finished products shall be based on the actual cost. The actual cost of taxpayer's inventory can be calculated by one of the first-in first-out method, last-in first-out method, weighted average method and moving average method.

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