{"id":"https://openalex.org/W3038014472","doi":"https://doi.org/10.5539/ijbm.v15n7p180","title":"Inventories Accounting under US-GAAP and IFRS Standards: The Differences That Hinder the Full Convergence","display_name":"Inventories Accounting under US-GAAP and IFRS Standards: The Differences That Hinder the Full Convergence","publication_year":2020,"publication_date":"2020-06-23","ids":{"openalex":"https://openalex.org/W3038014472","doi":"https://doi.org/10.5539/ijbm.v15n7p180","mag":"3038014472"},"language":"en","primary_location":{"id":"doi:10.5539/ijbm.v15n7p180","doi":"https://doi.org/10.5539/ijbm.v15n7p180","is_oa":true,"landing_page_url":"https://doi.org/10.5539/ijbm.v15n7p180","pdf_url":null,"source":{"id":"https://openalex.org/S4210230633","display_name":"International Journal of Business and Management","issn_l":"1833-3850","issn":["1833-3850","1833-8119"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core"],"host_organization":"https://openalex.org/P4310322531","host_organization_name":"Canadian Center of Science and Education","host_organization_lineage":["https://openalex.org/P4310322531"],"host_organization_lineage_names":["Canadian Center of Science and Education"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Business and Management","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://doi.org/10.5539/ijbm.v15n7p180","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5035905542","display_name":"Manuela Lucchese","orcid":"https://orcid.org/0000-0002-8005-6199","observed_orcids":["https://orcid.org/0000-0002-8005-6199"]},"institutions":[{"id":"https://openalex.org/I197809005","display_name":"University of Campania \"Luigi Vanvitelli\"","ror":"https://ror.org/02kqnpp86","country_code":"IT","type":"education","lineage":["https://openalex.org/I197809005"]}],"countries":["IT"],"is_corresponding":true,"raw_author_name":"Manuela Lucchese","raw_affiliation_strings":["Department of Economics, University of Campania \"Luigi Vanvitelli\", Capua (CE), Italy"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics, University of Campania \"Luigi Vanvitelli\", Capua (CE), Italy","institution_ids":["https://openalex.org/I197809005"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5001608281","display_name":"Ferdinando Di Carlo","orcid":"https://orcid.org/0000-0002-3255-5209","observed_orcids":["https://orcid.org/0000-0002-3255-5209"]},"institutions":[{"id":"https://openalex.org/I20272500","display_name":"University of Basilicata","ror":"https://ror.org/03tc05689","country_code":"IT","type":"education","lineage":["https://openalex.org/I20272500"]}],"countries":["IT"],"is_corresponding":false,"raw_author_name":"Ferdinando Di Carlo","raw_affiliation_strings":["Department of Mathematics, Computer science and Economics, University of Basilicata, Potenza, Italy"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Mathematics, Computer science and Economics, University of Basilicata, Potenza, Italy","institution_ids":["https://openalex.org/I20272500"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5035905542"],"corresponding_institution_ids":["https://openalex.org/I197809005"],"apc_list":null,"apc_paid":null,"fwci":3.0854,"has_fulltext":true,"cited_by_count":14,"citation_normalized_percentile":{"value":0.91292085,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":87,"max":97},"biblio":{"volume":"15","issue":"7","first_page":"180","last_page":"180"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T13366","display_name":"Accounting Theory and Financial Reporting","score":0.9961000084877014,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T13366","display_name":"Accounting Theory and Financial Reporting","score":0.9961000084877014,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.0017999999690800905,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13509","display_name":"Accounting and Financial Management","score":0.0015999999595806003,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/inventory-accounting","display_name":"inventory accounting","score":0.9959999918937683},{"id":"https://openalex.org/keywords/us-gaap","display_name":"US GAAP","score":0.8889999985694885},{"id":"https://openalex.org/keywords/international-financial-reporting-standards","display_name":"IFRS","score":0.9990000128746033},{"id":"https://openalex.org/keywords/accounting-standards-convergence","display_name":"accounting standards convergence","score":0.8930000066757202},{"id":"https://openalex.org/keywords/net-realizable-value","display_name":"net realizable value","score":0.8450000286102295},{"id":"https://openalex.org/keywords/inventory-write-down","display_name":"inventory write-down","score":0.7480000257492065},{"id":"https://openalex.org/keywords/replacement-cost","display_name":"replacement cost","score":0.7879999876022339},{"id":"https://openalex.org/keywords/raw-materials","display_name":"raw materials","score":0.4440000057220459}],"concepts":[{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.7826902270317078},{"id":"https://openalex.org/C186027771","wikidata":"https://www.wikidata.org/wiki/Q4008379","display_name":"Valuation (finance)","level":2,"score":0.7304380536079407},{"id":"https://openalex.org/C63149375","wikidata":"https://www.wikidata.org/wiki/Q14136184","display_name":"Fair value","level":2,"score":0.6190136671066284},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.45443931221961975},{"id":"https://openalex.org/C128769094","wikidata":"https://www.wikidata.org/wiki/Q1779838","display_name":"Accounting standard","level":4,"score":0.4483203589916229},{"id":"https://openalex.org/C2777303404","wikidata":"https://www.wikidata.org/wiki/Q759757","display_name":"Convergence (economics)","level":2,"score":0.41825181245803833},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.37217801809310913},{"id":"https://openalex.org/C544937707","wikidata":"https://www.wikidata.org/wiki/Q949180","display_name":"Financial accounting","level":3,"score":0.34687870740890503},{"id":"https://openalex.org/C163867264","wikidata":"https://www.wikidata.org/wiki/Q4672792","display_name":"Accounting information system","level":2,"score":0.33238786458969116},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.30353865027427673},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.24041929841041565},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.5539/ijbm.v15n7p180","doi":"https://doi.org/10.5539/ijbm.v15n7p180","is_oa":true,"landing_page_url":"https://doi.org/10.5539/ijbm.v15n7p180","pdf_url":null,"source":{"id":"https://openalex.org/S4210230633","display_name":"International Journal of Business and Management","issn_l":"1833-3850","issn":["1833-3850","1833-8119"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core"],"host_organization":"https://openalex.org/P4310322531","host_organization_name":"Canadian Center of Science and Education","host_organization_lineage":["https://openalex.org/P4310322531"],"host_organization_lineage_names":["Canadian Center of Science and Education"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Business and Management","raw_type":"journal-article"},{"id":"pmh:oai:iris.unicampania.it:11591/431371","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/11591/431371","pdf_url":"https://ccsenet.org/journal/index.php/ijbm/article/download/0/0/43086/45085","source":{"id":"https://openalex.org/S7407055255","display_name":"Archivio Istituzionale della Ricerca - Universit\u00e0 degli Studi della Campania \"Luigi Vanvitelli\"","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:RePEc:ibn:ijbmjn:v:15:y:2021:i:7:p:180","doi":null,"is_oa":false,"landing_page_url":"http://www.ccsenet.org/journal/index.php/ijbm/article/download/0/0/43086/45085","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:iris.unibas.it:11563/143354","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/11563/143354","pdf_url":null,"source":{"id":"https://openalex.org/S4377196360","display_name":"CINECA IRIS Institutional Research Information System (University of Basilicata)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I20272500","host_organization_name":"University of Basilicata","host_organization_lineage":["https://openalex.org/I20272500"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:zenodo.org:145032","doi":null,"is_oa":true,"landing_page_url":"https://www.openaccessrepository.it/record/145032","pdf_url":null,"source":{"id":"https://openalex.org/S4306402478","display_name":"INFM-OAR (INFN Catania)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4210116497","host_organization_name":"Istituto Nazionale di Fisica Nucleare, Sezione di Catania","host_organization_lineage":["https://openalex.org/I4210116497"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":{"id":"doi:10.5539/ijbm.v15n7p180","doi":"https://doi.org/10.5539/ijbm.v15n7p180","is_oa":true,"landing_page_url":"https://doi.org/10.5539/ijbm.v15n7p180","pdf_url":null,"source":{"id":"https://openalex.org/S4210230633","display_name":"International Journal of Business and Management","issn_l":"1833-3850","issn":["1833-3850","1833-8119"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core"],"host_organization":"https://openalex.org/P4310322531","host_organization_name":"Canadian Center of Science and Education","host_organization_lineage":["https://openalex.org/P4310322531"],"host_organization_lineage_names":["Canadian Center of Science and Education"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Business and Management","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3038014472.pdf","grobid_xml":"https://content.openalex.org/works/W3038014472.grobid-xml"},"referenced_works_count":53,"referenced_works":["https://openalex.org/W127208130","https://openalex.org/W623783916","https://openalex.org/W1415980963","https://openalex.org/W1499036776","https://openalex.org/W1508739294","https://openalex.org/W1543605472","https://openalex.org/W1605179963","https://openalex.org/W1965868687","https://openalex.org/W1968528062","https://openalex.org/W1973625981","https://openalex.org/W1975077128","https://openalex.org/W1984140234","https://openalex.org/W1990367297","https://openalex.org/W1992842648","https://openalex.org/W1997145450","https://openalex.org/W2018193746","https://openalex.org/W2030401014","https://openalex.org/W2056498718","https://openalex.org/W2064970369","https://openalex.org/W2073862880","https://openalex.org/W2085467792","https://openalex.org/W2127220588","https://openalex.org/W2142569762","https://openalex.org/W2147648538","https://openalex.org/W2162412465","https://openalex.org/W2169783472","https://openalex.org/W2172672571","https://openalex.org/W2175510490","https://openalex.org/W2182284456","https://openalex.org/W2186577061","https://openalex.org/W2280157186","https://openalex.org/W2317074792","https://openalex.org/W2326862129","https://openalex.org/W2340764581","https://openalex.org/W2395516954","https://openalex.org/W2487369666","https://openalex.org/W2591698075","https://openalex.org/W2617653717","https://openalex.org/W2790433712","https://openalex.org/W2790658931","https://openalex.org/W2811333175","https://openalex.org/W2843327233","https://openalex.org/W2883335765","https://openalex.org/W2994547596","https://openalex.org/W3000242023","https://openalex.org/W3120295940","https://openalex.org/W3121846796","https://openalex.org/W3122979793","https://openalex.org/W3124996420","https://openalex.org/W4239344106","https://openalex.org/W4240236173","https://openalex.org/W4312528856","https://openalex.org/W6721369806"],"related_works":["https://openalex.org/W2225668980","https://openalex.org/W2321437241","https://openalex.org/W2728076722","https://openalex.org/W2884589383","https://openalex.org/W7135715364","https://openalex.org/W1508739294","https://openalex.org/W4254910343","https://openalex.org/W4396709760","https://openalex.org/W2488261281","https://openalex.org/W1603103851"],"abstract_inverted_index":{"This":[0],"study":[1],"purposes":[2],"of":[3,14,58,79,87,114],"understanding":[4,57],"the":[5,17,31,34,39,56,59,64,70,76,80,85,98,106,125,129],"existing":[6,62],"differences":[7,60],"between":[8,63],"US-GAAP":[9],"and":[10,24,46],"IFRS":[11,29],"accounting":[12,27,66],"treatments":[13],"inventory.":[15],"Given":[16],"2015":[18],"FASB":[19],"update,":[20],"aimed":[21,53],"at":[22,54],"simplifying":[23],"aligning":[25],"inventory":[26],"with":[28],"standards,":[30],"research":[32],"explores":[33],"introduced":[35],"innovations.":[36],"More":[37],"specifically,":[38],"study,":[40],"starting":[41],"from":[42,69],"a":[43,50,110,121],"literature":[44],"review":[45],"standards":[47],"analysis,":[48],"designs":[49],"theoretical":[51],"framework":[52],"facilitating":[55],"still":[61],"two":[65],"principles.":[67],"Different":[68],"prior":[71],"works,":[72],"we":[73,95],"focus":[74],"on":[75,120],"complex":[77],"determination":[78],"net":[81,99],"realizable":[82,100],"value":[83,101,107],"in":[84],"case":[86],"input":[88],"(e.g.,":[89],"raw":[90],"materials)":[91],"write-down.":[92],"In":[93],"particular,":[94],"show":[96],"how":[97],"(NRV)":[102],"changes":[103],"according":[104],"to":[105],"taken":[108],"as":[109],"reference.":[111],"The":[112],"results":[113],"this":[115],"analysis":[116],"suggest":[117],"that,":[118],"based":[119],"prudential":[122],"valuation":[123],"logic,":[124],"replacement":[126],"cost":[127],"is":[128],"best":[130],"estimate":[131],"for":[132],"NRV.":[133]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2020-07-02T00:00:00"}