- There are distinct differences in the treatment of inventory costing methods between the U.S. and International Financial Reporting Standards (IFRS). Create an argument that the IFRS approach to inventory valuation leads to improved financial reporting and informative disclosures. Provide support for your argument.
- Examine Intel’s procedures for forecasting its obsolete, excess, and future demand for inventory, and determine management’s motives for manipulating these forecasts. Suggest at least three ways to improve the quality of these estimates and the required disclosures to create greater transparency in reporting to shareholders. Provide a rationale for your suggestions.
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