IFRS: Inventories (IAS 2)

Instructor: AICPA Professional Development Staff

Format

Course - Online

Level

Basic

Duration

1.5 hours

The purpose of this course is to familiarise you with the measurement of inventories, including any write-down to net realisable value. It also covers the cost formulas that may be used to assign costs to inventories.

Learning outcomes

Determine the initial measurement of inventory assets
Understand the cost formulas that are permitted by IAS 2, Inventories
Calculate the appropriate carrying amount of inventory at the reporting date
Test inventories for impairment by applying the lower of cost or net realisable value calculation to ending inventory
Determine the appropriate measurement of cost of sales for a reporting period

£39.00 (CIMA members only)

£49.00

VAT calculated on checkout

Product information

Overview

The purpose of this course is to familiarise 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.

Who should take this course?

Accounting and finance professionals who perform audits or prepare financial reports and work in the following areas: Multinational organisations
US-based subsidiaries of foreign parent corporations
US-based parent companies with international subsidiaries that have adopted IFRS
Public companies
Large private companies
Public practice who serve private, public or international companies with audit, preparation, or advisory service

Professional development

This Course - Online offers 2 hours of CPE credit.
Note on CPE Requirements and Credits
All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Field of study:	Accounting
Prerequisites:	Familiarity with financial reporting and accounting principles under IFRS
Programme level:	Basic
Duration:	1.5 hours
Format:	Course - Online
Access:	This is a digital product. You will have access to the content for a year after purchase date.

Return and refund policy