Inventory Expense Recognition

LOS d. Describe general principles of expense recognition, specific expense recognition applications, and implications of expense recognition choices for financial analysis.

Terms covered: Matching principle, COGS, Specific identification method, FIFO method, LIFO method, Average cost method

Download Slides

Formulas, definitions, diagrams at your fingertips

Now available for Quant, FRA, Derivatives, Fixed Income, Alternative Investments, Equity Investments, Corporate Finance, and Economics! Try it now!
Enter a search term (e.g. ‘mean’), or bookmark the glossary page!

Search: