Chris McKelt

Remembering Thoughts

 

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The opinions expressed herein are my own personal opinions and do not represent my employer's view in anyway.

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Crystal Software Development

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Posted by chris on Wednesday, June 30, 2010 6:56 AM
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Integrated Security = SSPI -- Security Support Provider Interface

Using Integrated Security in connection strings should be either of the following:

Integrated Security=SSPI

or

Integrated Security=false

It should not be

Integrated Security=true

Posted by chris on Tuesday, June 29, 2010 8:39 AM
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LIFO vs FIFO

LIFO

FIFO

higher COGS   lower COGS
lower taxes   higher taxes
lower net income   higher net income
lower inventory balances   higher inventory balances
higher cash flows (less tax paid out)   lower cash flows (more tax paid out)
lower net and gross margins   higher net and gross margins
lower current ratio   higher current ratio
higher inventory turnover   lower inventory turnover
DA and DE higher   DA and DE lower

 

Under IFRS the permissible cost flow methods are:

  • Specific Identification
  • FIFO
  • Weighted average cost

Posted by chris on Monday, June 21, 2010 1:30 PM
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