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Forums › ACCA Forums › ACCA FA Financial Accounting Forums › inventory valuation
hello
I am working in a retail company that uses RIM accounting an does inventory valuation by retail price (using cost compliment)
Last I heard with the IFRS all big companies are moving to cost accounting and use WAC for inventory valuation. I was wondering what is the trigger for that? do you get any benefit from this transition? if so what benefits?
