Course Description

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:

  • Audit Professionals / PAIP 
  • Finance Professionals  / PAIB 
  • Public Sector Finance
  • C-suite & Directors

 

Competency Mapping:

CPE Category 1 = 0.5 CPE Hour

Instructor Image

Jessica Hong

CA(M), CPA

Jessica’s career with PricewaterhouseCoopers had given her invaluable experience in system assurance, management assurance, audit, fraud investigations, system implementations, due diligence and many other challenging assignments. All these provided her with deep insights of financial management practices and their impact on corporate performance. Her financial skills training local and international experiences made her an invaluable resource to participants in her financial skills programmes. Jessica always delivers her financial skills programmes in a refreshing way, and helps accelerate the learning curves of the non-finance professionals. Financial courses need not be dull and boring; they can be fun, stimulating and personally motivating. Jessica has varied and vast commercial experience in developing and implementing credit control policies, project management, debt recovery training, system integration and many other management effectiveness & efficiency assignments. Jessica is a Malaysian Chartered Accountant and holds a Bachelor of Accountancy from University of Malaya and she completed her post-graduate studies in Management Development Programme at INSEAD, Singapore. She was trained by Michael Wells, Director, IFRS Education Initiative, IFRS Foundation and Paul Pacter, IASB Member & Chairman of the SME Implementation Group in Singapore recently, to be an IFRS Trainer (IFRS is International Financial Reporting Standard). Some of her major clients she worked with during her career include Malvern International, ACCA, CTBC Bank, MSIG, OCBC Bank and Central Bank of Malaysia.

Course Rating

Speaker's Rating

0.5 CPE Hour

Lesson(s)

6

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