查詢結果分析
相關文獻
頁籤選單縮合
題 名 | A Critical Examination of LIFO and a Review of its Shortcomings |
---|---|
作 者 | Harris, Peter; Kinkela, Katherine; Kutasovic, Paul; Malindretos, John; Shapiro, Steven; Yun, J. K.; | 書刊名 | Academy of Taiwan Business Management Review |
卷 期 | 7:1 2011.04[民100.04] |
頁 次 | 頁132-136 |
分類號 | 495.44 |
關鍵詞 | |
語 文 | 英文(English) |
英文摘要 | The Last in First out Inventory Method, (LIFO) is under intense scrutiny from many various groups, which may result in its complete elimination in the near future. There are pressures from the SEC to standardize financial reporting standards in light of the ongoing worldwide financial and economic unrest, in conjunction with the International Accounting Standards Board (IASB), coupled with the political pressures imposed by the U.S. Obama Administration to raise additional tax revenues; both of whom strongly oppose LIFO, resulting in its possible elimination by as early as December 31, 2014. A critical review of LIFO is examined, and its shortcomings addressed, which include: The “tax loophole” aspects of LIFO, leading to poor asset management decision making, Balance Sheet and Income Statement limitations and the imposition of political pressures. The disadvantages of LIFO are many and material, questioning its method as viable, resulting in a strong and real probability of its elimination in the near future. |
本系統中英文摘要資訊取自各篇刊載內容。