Question: Why are accountants not able to constantly change the method used to compute inventory value? Managers do not like to learn different methods of accounting.
Why are accountants not able to constantly change the method used to compute inventory value? Managers do not like to learn different methods of accounting. Different methods of inventory valuation can make net profits appear larger and be misleading. There is no impact to change inventory valuation methods, they are different ways to come up with the same result. Changing from one method to another can confuse auditors
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
