Retail accounting provides a snapshot of real-time profit margins, but it may lead to an overstatement of profits since the practice is based on retail pricing.
With fluctuations in selling prices, is cost-based accounting really a better measure of performance for the retail industry?
Join Robin, Shelley and Paula Rosenblum, co-founder and managing partner of RSR Research, as they discuss why many companies are looking toward moving to cost-based accounting away from a practice that is centuries old. They debate how retail-based accounting, the industry standard, can be a dangerous practice and why should retailers be thinking differently.
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