|
|
Article: Inventory and cost of goods sold: Getting them both right.(Brief Article)(Column)
- Article from:
- Accounting Today
- Article date:
- February 26, 2001
- Author:
CopyrightCOPYRIGHT 2001 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
This column is the next in our series on opportunities that can be seized by managers who embrace quality financial reporting.
As a refresher, QFR reveals that minimum compliance with GAAP increases the markets' uncertainty and reduces stock prices, while going beyond that minimum helps meet the markets' information demands and brings about lower capital costs and higher stock prices.
This column continues the discussion that we began last issue, in which we urged the SEC, FASB, and IRS to repeal the 61-year, Id LIFO conformity rule because it makes the capital markets work harder to get useful information.
Despite significant progress in ...