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Technical

IFRS: Inventory (IAS 2) Logo aicpa

  $39.00 - 49.00 |   CPE: 1.0 |   AICPA |   Apr 2019 |   Accounting |   AICPA Store
Who Will Benefit
  • 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
Learning Objectives
  • Recall how the initial measurement of inventory is determined.
  • Identify the cost formulas that are permitted by IAS 2, Inventories.
  • Recall how to calculate the appropriate carrying amount of inventory at the reporting date.

This course is part of the IFRS Certificate Program — a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and practical guidance in international accounting standards necessary in today's global business environment.

This self-study course addresses requirements of IAS 2, Inventories, including the following

  • 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

This course includes interactive learning elements, video content, and real-life application through case studies.

Note: Individual courses purchased within the last year can be applied toward the purchase of the IFRS Certificate Program.

Topics covered:
  • Management accounting: Technical: Financial accounting & reporting: Professional accounting standards, Foundational
  • Financial accounting & reporting: Technical: International Financial Reporting Standards, Foundational
  • Financial accounting & reporting: Technical: International Financial Reporting Standards, Intermediate

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