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Abstracts prior to volume 5(1) have been archived!

Issue 5(1), October 2010 -- Paper Abstracts

Girard  (p. 9-22)

Cooper (p. 23-32)

Kunz-Osborne (p. 33-41)

Coulmas-Law (p.42-46)

Stasio (p. 47-56)

Albert-Valette-Florence (p.57-63)

Zhang-Rauch (p. 64-70)

Alam-Yasin (p. 71-78)

Mattare-Monahan-Shah (p. 79-94)

Nonis-Hudson-Hunt (p. 95-106)

JOURNAL OF ACCOUNTING AND FINANCE

Throwing a Life Saver to LIFO: IFRS Adoption or Incorporation?

Author(s): Randy Marl Reed, Diana Kay Pence

Citation: Randy Marl Reed, Diana Kay Pence, (2013) "Throwing a Life Saver to LIFO: IFRS Adoption or Incorporation?," Journal of Accounting and Finance, Vol. 13, Iss. 1, pp. 132 - 136

Article Type: Research paper

Publisher: North American Business Press

Abstract:

Increased globalization of business has caused many in the financial community to question the continued

use of generally accepted accounting principles (GAAP) for financial reporting. Initially, the push was to

eliminate GAAP and adopt international financial reporting standards (IFRS). In the rush to adopt IFRS,

the impact of this decision upon U. S. companies has not been thoroughly studied. The purpose of this

paper is to discuss the impact the adoption of IFRS and subsequent elimination of last-in, first-out (LIFO)

on U. S. business.