Learn how LIFO method works for inventory valuation, what are its advantages and disadvantages, and how to choose the best method for your business.

African businesses pay up to four times the global average to transport goods, driving up prices for essentials like food and ...

African businesses pay up to four times the global average to transport goods, driving up prices for essentials like food and medicine. Logistics make up 75% of product costs on the continent ...

Highlights,Recent Purchases First:,LIFO assigns the cost of the most recently acquired inventory to the cost of goods sold.,Impact on Profitability:,When prices rise, LIFO results in lower accounting ...

Accounting principles are guidelines companies must follow when recording and reporting accounting transactions. GAAP and IFRS are the two major standards used worldwide. Accounting principles are ...

President Barack Obama and others have expressed concern about American students’ deficiencies in math and science. In comparisons among OECD member countries, 15-year-olds in the United States ...