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The Accounting Industry

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  • The convergence between U.S. GAAP and IFRS will put an end to the LIFO method of inventory valuation. The result will be tax implications for many companies, but also a more accurate representation of costs.

    The Effect of Losing LIFO

    The Effect of Losing LIFO

    by robertcsurina0

  • Profit is the yard-stick for evaluating performance of any business concern. Since ultimate profit depends upon plan and control, cost accounting plays a vital role. Previously, cost accounting was mostly engaged in ascertaining costs of products or...

    Managerial Accounting - Absorption, Variable & Throughput Costing

    Managerial Accounting - Absorption, Variable & Throughput Costing

    by hafeezrm32

  • Over the years I got very used to family and friends telling me they had no idea what I do for a living. When I applied for audit roles at accounting firms they also didn't know where I fit!

    What Does an Internal Auditor Do?

    What Does an Internal Auditor Do?

    by Katrina McKenzie0

  • Accounting is concerned with collecting, analysing and communicating economic information (Atrill & McLaney, 2004, p1). However in order to develop a broader understanding of accounting and the central role it plays in society, we need to consider...

    Accounting and Its Role in Society

    Accounting and Its Role in Society

    by nrupalia19

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