Upcoming Changes to the Measure of Inventory

Upcoming Changes to the Measure of Inventory

Confucius said, “Life is really simple,but we insist on making it complicated”. This truth can be said for the accounting profession and some of its related accounting pronouncements. With complex derivative instruments, hedging transactions, share-based compensation, and the newly revised revenue recognition standard, simplicity for accountants has been an after-thought, at best. However, things may…

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