How important is FAR Inventory topic

  • Creator
    Topic
  • October 10, 2017 at 11:43 am #1645802
    Wannafree
    Participant

    Hi Gurus
    I have been appearing for so long and did’t find any question on Dollar value LIFO etc but still Becker’s has put lot of topics under inventory model.How important is this chapter ?

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  • October 10, 2017 at 11:49 am #1645805
    M123
    Participant

    As far as the exam I will stick with “I do not recall” but I would darn well know the key methods. Worst case is some crazy dollar value lifo shows up as a sim. This is the fuel of nightmares.

    October 10, 2017 at 12:04 pm #1645820
    Anonymous
    Inactive

    I operate under the assumption that everything is important:) even if it doesn't appear in MCQ it can rear its ugly head for SIMS!

    October 10, 2017 at 2:31 pm #1645919
    Q
    Participant

    Hi,

    Inventory is important. Inventory has topic in audit at BEC as well.

    But on my actual exam, I don't have inventory quesions.

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