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Stock and Work in Progress: The Blood Sucking Vampire

  • Keron Bhattacharya

Abstract

The switch to FIFO enabled Chrysler to charge lower costs against revenues. By virtue of the change, the company was able to declare a profit of $7.6 million in the fourth quarter of 1970; without the change it would have had to declare a loss of $3.6 million (New York Times, 10 February 1971).

Keywords

Stock Issue Account Standard Term Contract Stock Valuation Contract Balance 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes and References

  1. 1.
    SSAP 9 and its corporate implications: Keron Bhattacharya, “SSAP 9 and its corporate implications”, Accountancy (October 1976).Google Scholar
  2. 2.
    Synopsis of article on SSAP 9: J. Lewis Brown, Management Accounting (February 1980).Google Scholar
  3. 6.
    Inventory profit: Peter Drucker, Managing in Turbulent Times (London: Pan Books, 1981) p. 15.Google Scholar
  4. 18.
    Just in Time: Charles Batchelor, “You only make what you can sell”, Financial Times (14 November 1989).Google Scholar

Copyright information

© Keron Bhattacharya 1992

Authors and Affiliations

  • Keron Bhattacharya
    • 1
  1. 1.Seer GreenUK

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