Accounting

Accounting Standards Board (BFN)

Redovisningsrådet (RR)

Förvaltningsberättelse

Income Statement

Note

Valuation of inventories

Inventory valuation can be made as follows:

● Moving average

●     FIFO

●     LIFO

● After Price List

● Latest Estimated price

Last in, first out (LIFO)

Last in first out LIFO prinicipen shortened due to the English prinipen”Last In First Out”.

FIFO - (FIFU)

Först in först ut prinicipen förkortas FIFO pga den engelska prinipen ”First In First Out”.