Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7340620 | Advances in Accounting | 2012 | 8 Pages |
Abstract
This study extends prior research by comparing the relative information quality of LIFO earnings and non-LIFO earnings using updated data and methodology. Results suggest LIFO earnings are incrementally informative independent of tax reporting implications. In addition to shedding light on why the results of prior studies present conflicting evidence about the relative information content of LIFO, these findings are important in light of international accounting standards convergence efforts, under which LIFO is currently prohibited.
Related Topics
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Accounting
Authors
Robert Houmes, Denise Dickins, Ruth O'Keefe,