What's New at CFI | Accounting for Inventory

In this episode of What’s New at CFI, Ryan is joined by Jeff Schmidt to introduce CFI’s latest course, Accounting for Inventory. They discuss the importance of inventory accounting across industries, covering key methods such as Weighted Average, FIFO (First In, First Out), and LIFO (Last In, First Out). Jeff explains how different inventory accounting choices impact financial statements, profitability, and tax obligations—especially for U.S. companies under GAAP versus those following IFRS. The course dives into critical skills for financial analysts, including understanding LIFO disclosures and adjusting financial statements for global comparisons. Whether you're...