Leave a comment

FASB Proposes Change to the Accounting for Inventory

The Financial Accounting Standards Board (FASB) has been working on a Simplification Initiative. The goal of this initiative is to identify areas of US Generally Accepted Accounting Principles (GAAP) where cost and complexity can be reduced while maintaining or improving the usefulness of information provided in the financial statements.

As part of their Simplification Initiative, the FASB has proposed a change to the accounting for inventory. Learn more details about this proposal in our latest MHM Messenger.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: