- CFA Exams
- CFA Level I Exam
- Topic 4. Financial Statement Analysis
- Learning Module 6. Analysis of Inventories
- Subject 1. Inventory Valuation
CFA Practice Question
Which inventory valuation method is not permitted under IFRS?
B. FIFO
C. Specific Identification
A. LIFO
B. FIFO
C. Specific Identification
Correct Answer: A
LIFO is permitted only under U.S. GAAP.
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