Instruction I

1-Discuss the primary differences between U.S. GAAP and IFRS with respect to the lower of cost or net realizable value rule for valuing inventory?

Instruction II

1. Read Nehemiah 9:29 in your Bible and review the entire chapter for a broader context.

2. Navigate to the threaded discussion below and respond to the following prompts:

a- How can we use the skills we acquire to ensure accurate inventory valuations in our businesses?

b-What are some of the ‘red flags’ in inventory that give us reason for further investigation?

Answer rating: 100% (QA)

Inventory Valuation Instruction I While the US GAAP uses the lowerofcostormarket approach in determining the inventorys carrying value the IFRS uses t... View the full answer