LIFO in stock valuation ?

Question

In my Odoo v.17 we could only set 3 valuation methods :
1.standard price
2. FIFO
3.WAC
If you need to insert LIFO method , what are the rules ?
Kind Regards

Cybrosys Techno Solutions Pvt.Ltd · Answer

Hi,
In odoo LIFO can also be used as a removal strategy
for managing stock movements within a system, such as a warehouse.
Please refer our below youtube video
https://www.youtube.com/watch?v=pUDH5sLRwuk [1]

Hope it helps

[1] https://www.youtube.com/watch?v=pUDH5sLRwuk

OMIAS LEADERSHIP GROUP · Answer

Thank you for your quick feedback Ray.
We use in Central Africa OHADA accounting standards.

Ray Carnes (ray) · Answer

We don't support LIFO as it is prohibited under IFRS and ASPE accounting standards and because of the trend for those companies using GAAP accounting standards to eliminate the use of LIFO.

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