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Taking The Complexity Out of Simplified LIFO
Oleh:
Howard, Bruce
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Journal of Accountancy vol. 192 no. 1 (Jul. 2001)
,
page 63.
Topik:
ACCOUNTING
;
complexity out
;
LIFO
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
JJ85.13
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
There’s good news for companies seeking practical and cost - effective ways to deal with the difficulties of Lifo accounting. The IRS has proposed changes that would allow simplified Lifo to live up to its name for companies that operate with relatively high and volatile gross margin percentages. Outlined in IRS Bulletin 2000 - 23 (June 5, 2000), the proposed changes provide taxpayers an opportunity to directly use published price indexes without having to convert them to cost indexes. This will further simplify Lifo and eliminate some potentially adverse tax consequences.
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