Companies have used the retail method of inventory accounting for many years. According to the Committee on Ways and Means, the retail inventory method has been the best accounting method since 1941.

How a company values its inventory affects its income statement and bottom line. "Average cost" and "last in, first out," or LIFO, are two of the most common methods for valuing inventory. Both rely ...

LONDON--(BUSINESS WIRE)--Quantzig, a premier analytics solutions provider announces the completion of its recent article that offers comprehensive insights into five retail inventory management ...

Discover the key differences in inventory accounting between GAAP and IFRS, including valuation methods, write-down reversals ...

Many retailers have used the LIFO (last in, first out) accounting method to manage their inventory reporting. The methods assumes that the last unit to arrive in inventory (the most recent) is sold ...

Few differences between IFRS and U.S. GAAP loom larger than accounting for inventories, particularly the disallowance of the last-in, first-out (LIFO) method in IFRS. The proposed shift of U.S. public ...

The “most important” item in inventory is the one that you think you have, but discover is out of stock and unavailable. For manufacturing operations, managing inventory is no less important to the ...

Life cycle assessment (LCA) and greenhouse gas (GHG) inventories are two key measurement tools being used to track an organization’s environmental impact. Is one more effective than the other? The ...

As a staff writer for Forbes Advisor, SMB, Kristy helps small business owners find the tools they need to keep their businesses running. She uses the experience of managing her own writing and editing ...