IFRS: Inventories (IAS 2)

Financial accounting & reporting

Course

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

£39.00 (CIMA members only)

£49.00

VAT calculated on checkout

Instructor

  • AICPA Professional Development Staff