中译英 帮个忙 谢谢Our study provides evidence that the use of LIFO i

中译英 帮个忙 谢谢Our study provides evidence that the use of LIFO inventory valuation produces material accounting distortions, both in terms of absolute dollar amounts and in amounts relative to other assets and liabilities included on the balance sheet. The financial community may accept these distortions for two reasons. First, it is a distortion on the side of conservative accounting, understating the liquidity measures of current assets, working capital and working capital ratios. Secondly, the disclosure of the LIFO reserve allows adjustment, assuming the analyst has sufficient knowledge to understand the concept of the LIFO reserve.The use of LIFO inventory will be given a closer look with the approaching adoption of IFRS, which currently does not allow LIFO. We believe our study provides evidence that the transparency of financial reporting could be improved by eliminating LIFO, and that material accounting distortions related to liquidity measurements on the balance sheet could be eliminated for some publicly traded companies.不要翻译器 谢谢。