Tag Archives: lower-of-cost-or-market

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?

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

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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