Affected by the inventory reporting methods used

Assignment Help Financial Management

Reference no: EM131553649

Net income results, reported in the financial statement presentation, can be affected by the inventory reporting methods used. FIFO, LIFO, and weighted average methods each have their own implications during periods of inflation and deflation. Assume the role of a manager, employee, or an investor, and in 1–2 pages analyze the GAAP and ethical implications of each reporting method in a hypothetical company. Then, given your role, select which reporting method you would use, and explain why. Consider tax liabilities and profit levels in your response, as well as ethical considerations you may have for your valuation method selection.

Reference no: EM131553649

Questions Cloud

How did you determine what strategies were needed : How did you determine what strategies were needed in order for your learner to master the skill, and how did you know when it was mastered?

What is the probability of a coin landing : What is the probability of a randomly selected day of the week starting with the letter S

Compare and cntrast the varying filing systems : Compare and cntrast the varying filing systems.Identify and describe three types of computer storage systems.

Read anne carsons beauty of the husband : Why tell a story in this way? We lose a measure of clarity. We lose plot. What else do we lose - Read Anne Carson's Beauty of the Husband

Affected by the inventory reporting methods used : Net income results, reported in the financial statement presentation, can be affected by the inventory reporting methods used.

What do you believe about human nature : What do you believe about human nature? Are people inherently good or evil, or is human nature determined by one's environment?

What is present value of the interest tax shield : What is the present value of the interest tax shield if the discount rate is 8%? 48 mil 41.76 mil 52.23 mil 32.18 million

Why is cognitive behavioral therapy effective : Why is cognitive behavioral therapy effective? In a nonclinical sense, how can CBT or behavior analysis help a doctoral learner succeed

Which is best explains the surprising statistic stated : Which one of the following, if true, best explains the surprising statistic stated above? Which would best weaken the argument above?

User Account

All Pages