Why LIFO is not recommended by IAS?

Related questions

1. What is income before extraordinary items?
2. Why inventory is not a financial asset?
3. What is net salary?
4. Which is better FIFO or LIFO?
5. Does IFRS use lower of cost or market?
6. Are assets held for sale the same as inventory?
7. What is included in continuing operations?
8. What is a recurring cost example?
9. What constitutes a discontinued operation?
10. What is LIFO example?

Tags

1. #production
2. #excluding
3. #instead
4. #because
5. #shifted
6. #assumes
7. #reason
8. #income
9. #balance
10. #process
11. #focus
12. #allowed
13. #happen
14. #burden
15. #sheet
16. #reduction
17. #consumed
18. #economies
19. #under
20. #inflationary
21. #inventory
22. #statement