how to handle inventory cost.

The last-in/first-out inventory cost technique is permitted by GAAP but is

not permitted by IFRS. the management of development costs. Software development and other forms
of intellectual property creation are considered costs of development under GAAP, but under IFRS,
these expenditures are viewed as capital investments that must be expensed and recouped over time.
handling of write-downs While reversing inventory or asset write-downs or value reductions is not
permitted under GAAP, it is permitted under IFRS if inventory or asset values alter. the management of
fixed assets. Fixed assets, such as real estate, buildings, and equipment, are recorded and reported
under GAAP at historical cost, whereas under IFRS, organizations can make adjustments at fair market
value.

how to handle inventory cost. The last-in/first-out inventory cost technique is permitted by GAAP but is
not permitted by IFRS. the management of development costs. Software development and other forms
of intellectual property creation are considered costs of development under GAAP, but under IFRS,
these expenditures are viewed as capital investments that must be expensed and recouped over time.
handling of write-downs While reversing inventory or asset write-downs or value reductions is not
permitted under GAAP, it is permitted under IFRS if inventory or asset values alter. the management of
fixed assets. Fixed assets, such as real estate, buildings, and equipment, are recorded and reported
under GAAP at historical cost, whereas under IFRS, organizations can make adjustments at fair market
value.

how to handle inventory cost. The last-in/first-out inventory cost technique is permitted by GAAP but is
not permitted by IFRS. the management of development costs. Software development and other forms
of intellectual property creation are considered costs of development under GAAP, but under IFRS,
these expenditures are viewed as capital investments that must be expensed and recouped over time.
handling of write-downs While reversing inventory or asset write-downs or value reductions is not
permitted under GAAP, it is permitted under IFRS if inventory or asset values alter. the management of
fixed assets. Fixed assets, such as real estate, buildings, and equipment, are recorded and reported
under GAAP at historical cost, whereas under IFRS, organizations can make adjustments at fair market
value.

how to handle inventory cost. The last-in/first-out inventory cost technique is permitted by GAAP but is
not permitted by IFRS. the management of development costs. Software development and other forms
of intellectual property creation are considered costs of development under GAAP, but under IFRS,
these expenditures are viewed as capital investments that must be expensed and recouped over time.
handling of write-downs While reversing inventory or asset write-downs or value reductions is not
permitted under GAAP, it is permitted under IFRS if inventory or asset values alter. the management of
fixed assets. Fixed assets, such as real estate, buildings, and equipment, are recorded and reported
under GAAP at historical cost, whereas under IFRS, organizations can make adjustments at fair market
value.