Today’s inaugural column, “LIFO and IFRS: How Closely Linked?” examines Treasury’s recent legislative proposal to repeal the LIFO method of valuing inventories. Specifically, it focuses on the linkage between LIFO and International Financial Reporting Standards, the proposed globally accepted accounting standards for financial reporting.
White, an attorney and CPA, is a retired national tax partner with Ernst & Young LLP; more recently he was with the American Institute of Certified Public Accountants. He is the author of several publications on consolidated returns and tax accounting and is an adjunct professor at the George Washington School of Business, where he teaches graduate courses in tax accounting and corporate tax.
To read the inaugural issue of Tax Accounting Developments, go to Tax Analysts’ Web site.
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