Why should I choose AnalystNotes?
AnalystNotes specializes in helping candidates pass. Period.
Basic Question 1 of 19
Which principle of accounting requires the use of a single inventory method and also assumes that a change to another inventory method should be made only after careful analysis and evaluation?
B. Realization
C. Full-disclosure
A. Consistency
B. Realization
C. Full-disclosure
User Contributed Comments 0
You need to log in first to add your comment.
I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
describe the financial statement presentation of and disclosures relating to inventories;
explain issues that analysts should consider when examining a company's inventory disclosures and other sources of information;
calculate and compare ratios of companies, including companies that use different inventory methods;
analyze and compare the financial statements of companies, including companies that use different inventory methods.
CFA® 2024 Level I Curriculum, Volume 3, Module 22.