Accounting Today Features Anthony Pumphrey

A Refined Approach to Inventory Valuation

By: Anthony Pumphrey

Accounting Today magazine recently published an article on inventory valuation authored by Anthony Pumphrey, vice president of VRC’s Princeton office. Pumphrey examines the existing IRS and FASB guidance, which at present offers limited guidance around best practices, and offers a thoughtful dialogue and examples that help to suggest modifications to current practices that would improve the valuation process.

Pumphrey notes, “The proposed adjustments encourage consistency and clarity in the recording process and provide more useful and meaningful information to users of financial statement information.”

Read the full article: A Refined Approach to Inventory Valuation