The purpose of this course is to familiarize you with the measurement of inventories, including any write-down to net realizable value. It also covers the cost formulas that may be used to assign costs to inventories.
▪ Determine the initial measurement of inventory.
▪ Understand the cost formulas that are permitted by IAS 2, Inventories.
▪ Calculate the appropriate carrying amount of inventory at the reporting date.
Accounting and finance professionals who work for private or public multinational organizations whose parent entity or subsidiaries have adopted IFRS
Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS
Familiarity with financial reporting and accounting principles under IFRS.