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Beatnik

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tT
发表于 2011-7-23 13:18 | 只看该作者

LIFO Reserve and liquidation

topic, reserve, anything
It seems that the Schweser notes on Inventories don't have anything on LIFO reserve or on LIFO reserve liquidation, and the CFa textbook goes into that topic and tests it in the EOC questions. Any thoughts on that would be greatly appreciated.
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Swanand

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2#
发表于 2011-7-23 13:22 | 只看该作者
Yes its at the end of FRA in Schweser. The last reading from memory.

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himanshumh

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3#
发表于 2011-7-23 13:26 | 只看该作者
Ok. Great ty. Haven't gotten to the end and was a bit confused why they didn't mention it in their inventories section. Many thanks

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Muddahudda

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4#
发表于 2011-7-23 13:30 | 只看该作者
Pretty sure LIFO liquidation was removed from the curriculum.

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thecfawannabe

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5#
发表于 2011-7-23 13:34 | 只看该作者
Yes, LIFO reserve and liquidation are removed to CFA L2 :-)

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bleach

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6#
发表于 2011-7-23 13:38 | 只看该作者
It's still there in one of the later FRA readings

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mkytz15

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7#
发表于 2011-7-23 13:42 | 只看该作者
Hmmm...I'm pretty sure LIFO reserve is still on there (or at least it was in the June 2011 curriculum). LIFO liquidation was removed along with ARO.

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lunarfollies

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8#
发表于 2011-7-23 13:47 | 只看该作者
Yes clarkth4 is right. My bad and I apologise. LIFO reserve is definitely there but LIFO liquidation isn't

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