Tariffs keep changing — Can accounting keep up?
U.S. Supreme Court's tariff ruling led to varied accounting approaches by companies. Ouster (OSTR) recognized $5.4M in cost of sales, FIGS booked $16M receivable, and Power Solutions International (PSIX) recorded $22.7M as liability. Lack of guidance results in differing balance sheets, with VF Corp. showing internal splits. Refund timing and new tariffs add complexity.







