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FIFO vs. LIFO Inventory Valuation

There are different inventory accounting methods, including first in, first out (FIFO) and last in, first out (LIFO). Companies often try to match the physical movement of inventory to the inventory ...
Inc

How to Use Accounting as Strategy

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 ...
Accounting Today

Facing the taxing burden of choosing LIFO versus FIFO

The selection by an entity of its company structure, its fiscal year and its method of accounting are the three main mechanisms that a company can employ in performing substantial tax planning, ...
Business Wire

Pactiv Announces Inventory Accounting Change from LIFO to FIFO

LAKE FOREST, Ill.--(BUSINESS WIRE)--Pactiv Corporation (NYSE: PTV) today announced a change in accounting for inventories from a combination of the use of the last in, first out (LIFO) method and ...
Houston Chronicle

How to Calculate FIFO & LIFO

What accounting method do you use to value your inventory? The inventory valuation method you choose can affect amount of taxes you pay the government. Got your attention now? LIFO and FIFO are the ...
Houston Chronicle

Can a Company Change Its Method of Cost in Inventory?

Operating a business requires you to choose an inventory cost method to apply to your merchandise. It's best to employ the same system consistently so your financial statements can be equitably ...
For Construction Pros

Fleetio Adds LIFO and FIFO Inventory Features to Software

Fleetio, a fleet maintenance software, has added new inventory valuation methods to its list of offerings, LIFO and FIFO (Last-In First-Out and First-In First-Out). LIFO-FIFO is an accounting method ...
Yahoo Finance

The retail inventory method vs. cost accounting in the tariff era

This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. To determine the value of ending inventory and, ultimately, ...
Investopedia

Accounting Methods: Definition, Types, and Example

James Chen, CMT is an expert trader, investment adviser, and global market strategist. David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting, ...

Why a Pro Organizer Swears by the FIFO Method—and You Will, Too

This no-brainer technique will help you stay organized and save money. Learn how to use it in your everyday life with these ...
Forbes

Accounting Method Impacts Crypto Income Taxes

Forbes contributors publish independent expert analyses and insights. Leading writer and speaker in the area of trader tax benefits. Many crypto traders face massive tax bills for 2017. Which ...