Evidence on the choice of inventory accounting methods: LIFO versus FIFO

Article Abstract:

A description is presented of various systematic properties of last-in-first-out and first-in-first-out companies' accounting numbers. The purpose is to offer additional evidence on tax and non-tax reasons for company selection of inventory accounting methods. Empirical results suggest that the tax explanation remains a viable one for the managerial selection of inventory accounting techniques.

Accounting and auditing, Inventories, Inventory accounting

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Economic consequences of the declining relevance of financial reports

Article Abstract:

Investors benefit while social welfare and consumers lose benefits in the situation where there are more sources of corporate information than just their annual report and the annual reports contain less information.

Economic aspects, Services, Accounting firms, Accounting services, Financial statements, Corporation reports, Company reports

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Domestic accounting standards, international accounting standards, and the predictability of earnings

Article Abstract:

Use of the International Accounting Standards is found to improve analysts' forecasts of company earnings.

Standards, Forecasts and trends, Financial analysis, Finance

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