- CFA Exams
- CFA Level I Exam
- Topic 3. Financial Statement Analysis
- Learning Module 22. Inventories
- Subject 2. Inventory Valuation Methods
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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