Accounting with “LIFO” vs. “FIFO”: The devil is in the details

dc.contributor.authorLieneck, Cristian H.
dc.date.accessioned2024-01-02T21:01:16Z
dc.date.available2024-01-02T21:01:16Z
dc.date.issued2015-04
dc.description.abstractThe ongoing collaboration between the International Financial Reporting Standards (IFRS) and Federal Accounting Standards Board (FASB) has tax-related implications for medical group practices. One of the goals of this collaboration — harmonization of accounting standards across countries — has been pursued since post-World War II economic integration. Generally accepted accounting principle (GAAP) negotiations involve increased global transparency and similarity of accounting standard.
dc.description.departmentHealth Administration
dc.formatText
dc.format.extent4 pages
dc.format.medium1 file (.pdf)
dc.identifier.citationLieneck, C. H. (2015). Accounting with “LIFO” vs. “FIFO”: The devil is in the details. Medical Group Management Association (MGMA) Connection, 15(3), 26–29.
dc.identifier.urihttps://hdl.handle.net/10877/17867
dc.language.isoen
dc.publisherMedical Group Management Association
dc.sourceMedical Group Management Association (MGMA) Connection, April 2015, Vol. 15, No. 3, pp. 26–29.
dc.subjectcost methods
dc.subjectlast-in, first-out
dc.subjectfirst-in, first-out
dc.subjectaccounting
dc.titleAccounting with “LIFO” vs. “FIFO”: The devil is in the details
dc.typeArticle

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