Repealing the LIFO Inventory Accounting Choice? A Review of LIFO and Inventory Management  

作　　者：Yibin Zhang Chunming Shi Patrick Gao Feng Wang 

机构地区：[1]School of Business Administration, Shanghai Lixin University of Commerce, Shanghai, China [2]School of Business and Economics, Wilfrid Laurier University, Waterloo, Canada [3]Ferrero Trading Lux S.A., Diekirch, Luxembourg

出　　处：《American Journal of Operations Research》2014年第6期351-364,共14页美国运筹学期刊（英文）

摘　　要：Researchers in the disciplines of both Operations and Accounting have studied Inventory Management, though in relative isolation. In this paper, one of our goals is to help inform researchers in Operations Management about an extensively debated question in inventory accounting: whether to repeal the LIFO (Last-In-First-Out) inventory accounting choice? This question has received extensive scrutiny from various stakeholders including academics, businesses, and different levels of governmental agencies such as US Congress. Specifically, we provide a literature review on how LIFO affects and is affected by inventory management. This is done by first reviewing the potential determinants of LIFO inventory accounting choice and then reviewing potential interactions between LIFO and inventory management. It is our hope that this review will help stakeholders have a more comprehensive understanding of LIFO before making their decisions.Researchers in the disciplines of both Operations and Accounting have studied Inventory Management, though in relative isolation. In this paper, one of our goals is to help inform researchers in Operations Management about an extensively debated question in inventory accounting: whether to repeal the LIFO (Last-In-First-Out) inventory accounting choice? This question has received extensive scrutiny from various stakeholders including academics, businesses, and different levels of governmental agencies such as US Congress. Specifically, we provide a literature review on how LIFO affects and is affected by inventory management. This is done by first reviewing the potential determinants of LIFO inventory accounting choice and then reviewing potential interactions between LIFO and inventory management. It is our hope that this review will help stakeholders have a more comprehensive understanding of LIFO before making their decisions.

关 键 词：INVENTORY MANAGEMENT INVENTORY ACCOUNTING FIFO LIFO 

分 类 号：F2[经济管理—国民经济]