It's Time to Get Rid of LIFO Conformity - Both LIFO and the conformity rule are seriously flawed. LIFO doesn't give a complete description of operating results, and the conformity rule forces managers to shortchange stockholders in either the financial statements or the tax return instead of serving them well in both. It's time to get Congress and the profession to focus on other methods.
|Year of Publication:||
|Contributors:||Bahnson, Paul R.; Miller, Paul B.W.|
|Type of Publication:||Article|
|Title record from database:|| OLC-SSG Economic Sciences|
|Availability:||More access options|
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