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Combatting Inflation – It’s Time to Evaluate the Benefits of LIFO

December 9 @ 8:00 am - 9:00 am CST

8 reasons why you need Salesforce Manufacturing Cloud

Combatting Inflation – It’s Time to Evaluate the Benefits of LIFO

Thursday, December 9 | 8:00 – 9:00 am CST | 1.0 CPE Credit

The “Last-in First Out” (“LIFO”) inventory method has been around for many years, but it has taken on renewed interest this year due to the widespread impact of inflation on product prices for many manufacturers and distributors. Join us on Thursday, December 9 for a webinar focused on LIFO and its potential benefits, including:

  • An overview of how LIFO works
  • Advantages and disadvantages of LIFO
  • How LIFO can provide companies with tax benefits and why higher inflation produces a larger LIFO impact and greater tax savings
  • An overview of the IPIC method, a special LIFO method that may provide additional tax savings
  • FIFO to LIFO inventory valuation method change in accounting principle
  • The related impact on financial reporting
  • Internal and external factors to be considered by management
  • LIFO case studies
  • And more!

We look forward to you attending this insightful and timely webinar!

Register By Clicking > > Here!

Our Presenters:

Jerry Murphy, Partner-in-Charge, Manufacturing and Distribution

jerry.murphy@sikich.com

Jim Brandenburg, Partner, Tax Services

jim.brandenburg@sikich.com

Sylesh Babu, Partner, Audit & Assurance Services

sylesh.babu@sikich.com

Details

Date:
December 9
Time:
8:00 am - 9:00 am CST
Event Categories:
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Website:
https://register.gotowebinar.com/register/7891006255777483024

Sikich LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

This publication contains general information only and Sikich is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or any other professional advice or services. This publication is not a substitute for such professional advice or services, nor should you use it as a basis for any decision, action or omission that may affect you or your business. Before making any decision, taking any action or omitting an action that may affect you or your business, you should consult a qualified professional advisor. You acknowledge that Sikich shall not be responsible for any loss sustained by you or any person who relies on this publication.

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