Synopsis:
Inventories are often a key line item on the balance sheet, but getting them right requires more than just knowing what’s in stock.
This course breaks down the essential principles of IAS 2 Inventories, helping you understand how to recognise, measure, and present inventories in line with IFRS requirements.
Through clear explanations and practical examples, you’ll learn to:
Identify what qualifies as inventory and what doesn’t under IAS 2
Apply the correct accounting treatments for initial and subsequent recognition
Understand how to present and disclose inventories in financial statements
Whether you’re an aspiring accountant or a finance professional brushing up on your IFRS skills, this course will equip you with the knowledge to handle inventory accounting confidently and accurately.
Intended For:
Competency Mapping:
CPE Category 1 = 0.5 CPE Hour
CA(M), CPA