Monthly Archives: September 2015

Accounting Update: Simplifying the Measurement of Inventory

Recently, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2015-11 on simplifying the measurement of inventory. The purpose of the update was to: Reduce cost and complexity Provide users of financial statements more comparable information Increase convergence to IFRS. What’s changed, and what hasn’t The primary provision of the amendment is to change […]

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