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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How The End of LIBOR Could Impact You

LIBOR is widely used in the U.S. to as a basis for variable-rate debt and interest rate swaps.  However, because of recent LIBOR manipulation scandals and other factors, Andrew Bailey, Chief Executive for the Financial Conduct Authority of the United Kingdom has “made clear the need to transition away from

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