J.C. Penney And The Difference Between Cost And Retail Accounting – ValueWalk Premium
J.C. Penney

J.C. Penney And The Difference Between Cost And Retail Accounting

Anyone who has studied accounting knows that even when a management team is just trying to give the clearest possible depiction of how their business is doing (not massaging numbers or worse) there are a surprising number of judgment calls that can influence this quarter’s bottom line, and if investors don’t realize that two companies are making different choices they can be misled by a side-by-side comparison.

When deciding how to handle markdowns, for instance, big box department stores like

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