State of the Supply Chain Squeeze

Supply chain challenges continue to batter industries across the spectrum – and while some things are improving, for many others there’s no end in sight. To better understand what’s happening with the supply chain squeeze – and what strategies companies can use to combat the challenges they’re facing, we invited

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Privately-Owned Manufacturers Moving Away from US GAAP

Privately-owned manufacturers using the US Generally Accepted Accounting Principles (GAAP) as their accounting basis have found themselves spending more and more of their resources complying with US GAAP requirements – with little or no benefit for the company or the users of its financial statements. Lots of pain, little gain

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LIFO Manufacturers May Be in for an Unpleasant Surprise

Manufacturers who use the Last In, First Out (LIFO) inventory method may be in for an unpleasant surprise in the near future.  As the name suggests, LIFO requires that inventory sold be expensed at the most recently purchased/produced price of a unit of inventory on hand at the time of

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