后进先出-后进先出选择的成本和收益

IF 0.9 Q3 BUSINESS, FINANCE
Qianhua Ling, Daniel P. Tinkelman
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引用次数: 0

摘要

选择库存成本流量假设是一项关键的财务报告决策。通货膨胀的重新抬头再次激发了人们对这一选择的兴趣。我们推导出了后进先出-后进先出销售成本差异的代数模型,以及后进先出节税与通货膨胀、周转率、存货增量和税率的函数关系。管理人员和研究人员可以利用这些模型来估算采用后进先出法可能带来的财务和税收影响。自 1971 年以来,上市公司采用后进先出法的历史趋势与我们的模型所估计的不断变化的影响是一致的。我们根据上市公司的历史行为推断出采用后进先出法的大致成本水平。在 1971-2022 年期间,只有当我们模型中的税收优惠超过 COGS 的 0.35% 左右时,才会普遍采用后进先出法。即使在 2021 年和 2022 年通货膨胀率上升时,节税仍低于这一临界值,放弃采用后进先出法的公司远远多于采用后进先出法的公司。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Costs and benefits of the LIFO-FIFO choice

The choice of inventory cost flow assumption is a key financial reporting decision. The resurgence of inflation has renewed interest in this option. We derive algebraic models of the LIFO-FIFO difference in cost of goods sold and the LIFO tax savings as a function of inflation, turnover, inventory increments, and tax rates. Managers and researchers can use these models to estimate the likely financial and tax impacts of LIFO adoption. Historic trends in public company LIFO usage since 1971 are consistent with the changing impacts estimated by our model. We infer an approximate cost level of using LIFO based on historic public company behavior. In the 1971–2022 period, LIFO adoptions were only common when the tax benefit in our model exceeded about 0.35% of COGS. Even when inflation rose in 2021 and 2022, the tax savings remained below this threshold, and there were far more LIFO abandonments than adoptions.

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来源期刊
CiteScore
2.30
自引率
7.10%
发文量
69
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