conversation of fifo to lifo

[madhav mehra]

Hello can any one tell me according to 2015 curriculum is there need to learn how to convert fifo to lifo or lifo to fifo under inventory

 

[lawnm0wer]

Given that an analyst’s role requires the ability to do cross-sectional analysis by comparing companies with different inventory methods, it would be silly to assume that it wouldn’t be included. Not to mention the analysis of benefits of using one method versus another within the same company.

 

[S2000magician]

I haven’t seen a conversion from FIFO to LIFO in the curriculum in over a decade.
The conversion from LIFO to FIFO, however, is common; it’s in there.