Question
ASU 2015-11-Inventory (Topic 330) , The new standard also says that the amendments do not apply to the companies that only use last-in, first-out (LIFO)
ASU 2015-11-Inventory (Topic 330) ,The new standard also says that the amendments do not apply to the companies that only use last-in, first-out (LIFO) or the retail inventory method (FASB, 2015). why?
I have a presentation next week, I want to try to describe the reason for that. could you give me a memo to explain why new stadndard dont apply in LIFO and RIM
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Managerial Accounting
Authors: James Jiambalvo
6th edition
9781119158226, 111915801X, 1119158222, 978-1119158011
