College of Health Professions
Permanent URI for this collectionhttps://hdl.handle.net/10877/17051
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Browsing College of Health Professions by Subject "accounting"
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Item Accounting with “LIFO” vs. “FIFO”: The devil is in the details(Medical Group Management Association, 2015-04) Lieneck, Cristian H.The ongoing collaboration between the International Financial Reporting Standards (IFRS) and Federal Accounting Standards Board (FASB) has tax-related implications for medical group practices. One of the goals of this collaboration — harmonization of accounting standards across countries — has been pursued since post-World War II economic integration. Generally accepted accounting principle (GAAP) negotiations involve increased global transparency and similarity of accounting standard.