IFRS: Inventory (IAS 2) (On-Demand) 2019

Description

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.

Learning Objectives

▪ 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.

Major Topics
  • Definition of inventory, including assets excluded from the scope of the definition.
  • Measurement methods.
  • Write-downs to net realizable value.
  • Cost formulas used to assign inventory value.
Provider
AICPA
Course Level
Basic
CPE Field of Study
Accounting
1
Who Should Attend
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
Prerequisites

Familiarity with financial reporting and accounting principles under IFRS.

Advanced Preparation

None.

Purchase Now
When
Available 24/7
Location
Online
Total CPE Credits
1
Format
On-Demand

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$39.00

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$49.00
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IFRS: Inventory (IAS 2) (On-Demand) 2019


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