Houston Chronicle

Examples of Accounting Methods

Accounting is the compilation of financial information for various purposes, such as managing a corporate budget, making informed decisions with regard to business operations and predicting future ...
Houston Chronicle

Example of FIFO Goods

The first-in, first-out inventory (FIFO) system works by assuming that items are pulled out of inventory in the same order that they get put in. Moving older stock first can increase your company's ...

Accruals Explained: How Accrual Accounting Works with Examples

Discover how accruals affect company finances, with insights into the accrual accounting method, its applications, and ...
Business Wire

Pactiv Announces Inventory Accounting Change from LIFO to FIFO

LAKE FOREST, Ill.--(BUSINESS WIRE)--Pactiv Corporation (NYSE: PTV) today announced a change in accounting for inventories from a combination of the use of the last in, first out (LIFO) method and ...
Forbes

FIFO Vs. Specific Identification Accounting Methods

But there is another option called the Specific Identification (SI) accounting method. Assume you bought several lots of security A over the year while the stock increased in price. You might prefer ...