LCM Full Form

(Lower of Cost or Market)

Lower of Cost or Market (LCM or LOCOM) is an accounting rule for valuing and reporting inventory. The rule states that inventory should be measured at cost or market value whichever is lower.


Short FormLCM
Full FormLower of Cost or Market
CategoryBusiness > Accounting
CountryWorldwide
Popularity
40%

Other Full Form Of LCM

S.No.Short FormFull FormCategoryCountryPopularity
1 LCM Least Common Multiple Academic & Science > Mathematics Worldwide
80%
2 LCM Lymphocytic Choriomeningitis Medical > Diseases & Conditions Worldwide
40%
3 LCM Letalski Center Maribor Slovenian [Aviation Center Maribor] Associations & Organizations > Regional Organizations Slovenia
20%
4 LCM Landing Craft Mechanized Transport & Travel > Water Transport Worldwide
40%
5 LCM Laser Capture Microdissection Technology > Medical Worldwide
60%
6 LCM Lower of Cost or Market Business > Accounting Worldwide
40%
7 LCM Leeds College of Music Academic & Science > Universities & Institutions United Kingdom
30%
8 LCM London City Mission Associations & Organizations > Religious Organizations United Kingdom
30%
9 LCM London College of Music Academic & Science > Universities & Institutions United Kingdom
50%
10 LCM La Cumbre Airport Transport & Travel > Airport Codes Argentina
40%

Other Full Form list in same category - Airport Codes

S.No.Short FormFull FormCountryPopularity
1 EMI Equated Monthly Installment Worldwide
30%
2 eMO Electronic Money Order India
70%
3 IFRS International Financial Reporting Standards Worldwide
80%
4 FIS Financial Information System Worldwide
90%
5 MTDC Modified Total Direct Costs Worldwide
40%
6 BOM Bill of Materials Worldwide
80%
7 COA Certificate of Analysis Worldwide
50%
8 FRN Firm Registration Number India
20%
9 EBITDA Earnings Before Interest, Taxes, Depreciation and Amortization Worldwide
40%
10 AS Accounting Standard Worldwide
40%
11 PPE Property, Plant, and Equipment Worldwide
20%
12 COGS Cost Of Goods Sold Worldwide
40%
13 ICA Imputation Credit Account New Zealand
20%
14 NRV Net Realizable Value Worldwide
50%
15 AAA Accumulated Adjustments Account Worldwide
30%
16 GAAP Generally Accepted Accounting Principles Worldwide
80%
17 GAAP Generally Accepted Accounting Practice United Kingdom
40%
18 GAAP Generally Accepted Accounting Principles United States
50%
19 GAAP Generally Accepted Accounting Principles Canada
40%
20 IAS International Accounting Standards Worldwide
60%
21 LCM Lower of Cost or Market Worldwide
40%
22 Ind AS Indian Accounting Standard India
60%
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