IFRS: Inventory (IAS 2)
Addresses requirements of IAS 2, Inventories.
NASBA Field of Study
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. Find out more.
- 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.
Group ordering for your team
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