IFRS: Inventories (IAS 2)

Printer Friendly
Text Size: A A A A
Back New Search


1.5 Credits

The purpose of this course is to familiarize 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.


  • 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 realizable value calculation to ending inventory.
  • Determine the appropriate measurement of cost of sales for a reporting period

Major Topics


Designed For


Add to Cart