Discover why IFRS prohibits LIFO accounting, including issues like distorted financials, outdated inventory values, and potential earnings manipulation.

FIFO indicates first in first out which means the mutual fund units bought first are sold first. Based on this phenomenon, capital gains tax is computed.

This repo was made by Remi Cadene (LIP6) and Hedi Ben-Younes (LIP6-Heuritech), two PhD Students working on VQA at UPMC-LIP6 and their professors Matthieu Cord (LIP6) and Nicolas Thome (LIP6-CNAM). We ...