WIRE uses LIFO accounting for inventory which overstates earnings during periods of declining copper prices, and understates when copper prices climb. Q4 average copper pricing increased sequentially ...

A lot depends on the nature of your business. In some cases accounting methods can actually be part of your business strategy; inventory accounting is one of those methods. Specific identification ...

Summer is when we get to catch up on our reading, and this year's list included articles on what, if anything, to do about inventory accounting because of international convergence. All sorts of ...

Source Advisors LIFO Accounting, which stands for Last In First Out, is an accounting method that assumes the most recently acquired inventory items are sold first. This practice can be seen in a ...

Learn how the lower of cost or market (LCM) method helps value inventory accurately by using the lesser of historical cost or market value, key for GAAP compliance.

There continue to be rumblings that Congress may repeal the LIFO accounting method for inventory. If that happens, companies using the last-in-first-out method may have to pay back LIFO savings ...

There are valuable lessons to be learned from the fact that thousands of franchised auto dealers nationwide are waiting anxiously to hear whether they'll be reprieved from the huge income tax burden ...

HIGHLAND HEIGHTS, Ky.--(BUSINESS WIRE)--General Cable Corporation (NYSE: BGC), today announced a change in accounting for inventories from the last-in, first-out (LIFO) method to the average cost ...

A company with last-in-first-out (LIFO) inventory that experiences a decrease in LIFO inventory would typically have additional taxable income related to the LIFO decrement. A LIFO decrement is the ...

WASHINGTON | U.S. Sens. Joe Donnelly, D-Ind., and Mike Enzi, R-Wyo., led a bipartisan group of 14 senators Tuesday in sending a letter to U.S. Department of the Treasury Secretary Jack Lew expressing ...

Another year, another administrative budget proposal to banish last-in-first-out accounting for inventory. As he has each year in office, President Obama is suggesting Congress do away with LIFO ...

Managers have many choices when it comes to accounting for inventory. Regardless of whether your small business uses a periodic or perpetual system, you must establish a method to determine the cost ...