Topics:
- IFRS and US GAAP
- Cost methods
- Permissible IFRS methods
- Measurement: Perpetual and periodic systems
- US GAAP
- Measurement: LIFO
- Entries
- LIFO and FIFO pretax income
- LIFO tax savings
- Outsiders
- What do they see?
- What can they derive?
Express Video: [52 min]
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Additional Materials:
Video slides [pdf]