This preview shows page 1. Sign up to view the full content.
Unformatted text preview: of the company. These errors impact FIFO and LIFO by not being able to correctly see what the costs should have been and ends up having to be a guessing game. Posted by Nathan Aime Fri Jul 23 14:01:50 2010. Message: I do not feel that this is an accounting error. I would say it is just a bad choice of whomever is doing the hiring process for the security managers. Or perhaps they should set up security cameras and take harsher actions on the thefts. Of course it definately affects the bottom line and reduces profits, but it doesn't seem like the accountant is to blame....
View Full Document
- Spring '11