Us gaap and international accounting standards

Assignment Help Accounting Basics

Reference no: EM13767486

One of the primary differences between U.S. GAAP and international accounting standards is that the use of LIFO is permitted for U.S. companies. How does LIFO affect a company's financial results? In your opinion, should LIFO be a permitted inventory costing method? Why might companies that currently use LIFO oppose its elimination? Support your conclusions with research.

Reference no: EM13767486

Questions Cloud

Prepare a schedule of cost of goods manufactured : Required: Prepare a Schedule of Cost of Goods Manufactured

What type of business, a software company : What type of business, a software company or an electric utility , would benefit more from increasing ROIC than from increasing growth? Why?

Variable or absorption costing method : Write a paper of no more than 350 words after completing Exercise 19-17 in WileyPLUS in which you respond to the following questions: In this case, would it be better to use the variable or absorption costing method, and why?

Inincome gap between the developed and developing countries : Impact of technology on Afghan people in the war against the Soviet Union during the cold war period.

Us gaap and international accounting standards : One of the primary differences between U.S. GAAP and international accounting standards is that the use of LIFO is permitted for U.S. companies. How does LIFO affect a company's financial results?

Major complaints regarding information security regulations : Are the security needs of small businesses different than those of a larger corporation. One of the major complaints regarding information security regulations is that they place an unfair burden on organizations as they are costly unfunded mandate..

Explain difference between standard deviation and standard : Explain the difference between standard deviation and standard error of measurement. Is one more effective than the other? Why? Give an example of the appropriate use of each.

Explain security policies and implantation : We have now spent several weeks learning about security policies and implantation. Discuss the importance of having security policies in place.

Define a peer-to-peer system : Is it a reasonable countermeasure to put a volume limit on amount of data exported under a peer-to-peer system. Why do you feel this way

User Account

All Pages