Just the Earnings

Perhaps the most central component to business is the ability, nay, the obligation, for private enterprises to seek financial profits for shareholders. However, profitability is often skewed by a number of factors including taxes, financing, and asset depreciation....

FIFO for LIFO

Inventory. You might not think of it this way, but we all have inventories. Be it dishes in the cabinet or clothes in the drawer, we all have multiple of something. In accounting, that’s known as inventory. There are two popular methods for managing inventory: FIFO...