缺点：后进先出法在计算上因为使用的是现时成本所以会将存货（inventory）价值错估。FIFO:全称First in, First out，先进先出。LIFO:全称Last in, First out，后进先出。LIFO和FIFO是存货的两种计量方法，在通货膨胀的情况下，LIFO和FIFO对期末存货的计价和当期成本利润的影响是完全不同的：LIFO：由于...
那以LIFO为例,由于COGS里记录的是后面买进来的存货的价格,所以COGS里记录的价格其实会更高,而inventory里都是COGS结转以后剩下的存货成本,那就是历史的更早的成本,也就是记录更低的金额 这部分老师在基础班inventory这个章节是着重讲解的,建议同学可以听一下老师这部分的讲解,会更清晰哦添加评论 0 0 王园圆_品职...
GAAP applies unless otherwise noted. Sipex Corporation uses the LIFO inventory method, but most of the other companies in Sipex industry use FIFO. Which of the following best describes one of the adjustments that would be made to Sipex's financial statements to compare that compa...
A. For purposes of inventory analysis, FIFO is preferred over LIFO. B. FIFO cost of goods sold--LIFO cost of goods sold-change in LIFO reserve. C. In periods of declining prices, LIFO debt-to-equity ratios are higher than FIFO debt-to-equity ratios. ...
FIFO vs. LIFO FIFO and LIFO are two accounting methods used for inventory management. FIFO stands for first-in, first-out, it means that the oldest items in the inventory will be recorded as sold first (it is simply an accounting assumption)....
FIFO vs. LIFO Accounting: What is the Difference? FIFO and LIFO are the two most common inventory valuation methods used by public companies, per U.S. GAAP reporting standards. So, what is the difference between FIFO and LIFO? FIFO is an abbreviation for “First In, First Out.” Under ...
FIFO tracks the cost of items sold based on their original entry into inventory, providing a clearer picture of the actual cost of goods sold.Converting between LIFO and FIFO methods involves calculating the LIFO reserve. If a company using LIFO needs to switch to FIFO, the LIFO r...
Generally, LIFO and FIFO methods are suitable tools to manage the financial end of a company’s inventory. When deciding which accounting method to use, it is sensible to take into account the major differences between them. Using FIFO, it is possible to get a better estimation of a value ...
cfa 考试重点:LIFO 和 FIFO 下 inventory cost 的调整 Assume U.S. GAAP applies unless otherwise noted. Sipex Corporation uses the LIFO inventory method, but most of the other companies in Sipex industry use FIFO. Which of the following best describes one of the adjustments that would be made ...
The LIFO and FIFO methods simply identify which item is sold first. Consider a company that spends $100 for an inventory item, then spends $150 on a second unit of the same inventory one week later. If the company sells one unit, should it record its cost of goods sold as $100 or ...