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Tag Archives: inventory write-down

What could a Logitech staff accountant have done if he/she knew that the CFO and controller failed to write down the discontinued Revue parts inventory?

May 25, 2017 by Dr. Wendy Tietz, CPA, CMA, CSCA, CGMA 0 Comments

In the fourth quarter of 2010, Logitech International released the Revue, a TV set-top box designed to integrate cable/satellite TV with internet content. The Revue Google search bar would be able to find any desired content from any provider and project that content to the TV screen. The Revue was manufactured by contract manufacturers, not […]

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Ch 01 Financial statements, Ch 01 Introduction, Ch 06 Inventory & COGS, Financial accounting, Managerial accounting

ethics, financial accounting, inventory, inventory write-down, lower-of-cost-or-market, managerial accounting;, teaching accounting

What is the impact on Abercrombie & Fitch’s financial statements from the write-down of its logo-adorned merchandise inventory?

November 8, 2016 by Dr. Wendy Tietz, CPA, CMA, CSCA, CGMA 1 Comment

Recently, Abercrombie & Fitch (NYSE: ANF) has been implementing a turnaround strategy since its sales had been falling for the past few years (11% decrease in 2014, 8% in 2015, and just 3% in 2016.) One part of Abercrombie’s new strategy has been to abandon its logo-adorned merchandise, replacing it with a subtler look. Abercrombie […]

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Ch 06 Inventory & COGS, Financial accounting

financial accounting, inventory, inventory write-down, LCM, lower-of-cost-or-market, teaching accounting

What could a Logitech staff accountant have done if he/she knew that the CFO and controller failed to write down the discontinued Revue parts inventory?

What is the impact on Abercrombie & Fitch’s financial statements from the write-down of its logo-adorned merchandise inventory?

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