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Proposed Accounting Update from the FASB Inventory Simplifying the Measurement of Inventory

Wednesday, August 13, 2014

The Financial Reporting Committee (FRC) of IMA (Institute of Management Accountants) submitted a letter to the Financial Accounting Standards Board (FASB) to express views on their proposed accounting standard update on simplifying the measurement of inventory. The FASB issued the proposed accounting standard update as part of its simplification initiative.


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