We used to stop at Burger King every day for two large cups of BK Joe (and usually breakfast). After trying Seattleâs Best, I have not been back nor do I plan to. Seattleâs Best does not have anything close to the unique flavor of the Douwe Egbert blend. Whoever made the decision to switch brands should be fired.
Accounting methods refer to the basic rules and guidelines under which businesses keep their financial records and prepare their financial reports. There are two main accounting methods used for record-keeping: the cash basis and the accrual basis.
Companies in the United States operate under the generally accepted accounting principles, or GAAP, which allows for all three methods to be used. Most other countries use the International Financial Reporting Standards, or IFRS, which forbids the use of the LIFO method. GAAP and IFRS also differ on inventory reversal write-downs and costing formulas. While these two systems are different in many ways, they have some similarities for inventory costing.