Course Information
IFRS: Inventories
Course Information
| Title: | IFRS: Inventories |
|---|---|
| Category: | Accounting and Auditing |
| Field of Study: | Accounting |
| Course Code: | M069 |
| CPE Credits: | 2.0 |
| Price: | 19.95 |
Description
Description:
FRS Learning Modules are a series of courses that provide in-depth overviews of various topics related to International Financial Reporting Standards (“IFRS”). IFRS represents the global accounting principles that provide the foundation for most of the world’s financial reporting. These Standards establish the recognition, measurement, presentation and disclosure requirements for transactions and events reflected in IFRS financial statements.
Module 4 of the IFRS Learning Module series presents an overview of IAS 2 Inventories, the accounting standard for classifying and measuring inventories in IFRS financial statements. This module also discusses the IASB’s and FASB’s efforts towards achieving convergence in this area of financial reporting.
Delivery Method: Online Interactive Self Study
Level: Overview
Prerequisites: None
Advanced Preparation: None
Course Details
Category: Accounting and Auditing
Field of Study: Accounting
Passing Score: 70%
Technical Details: Accounting is a technical field of study.
For More Detail:
If you are unable to view PDF then right click the mouse and click save link as
Objectives
Objectives:
- Identify major classifications of inventory.
- Distinguish between perpetual and periodic inventory systems.
- Describe the items to include as inventory cost.
- Describe and compare the formulas used to measure inventories in IFRS financial statements.
- Explain when reporting entities measure inventories at net realizable value in IFRS financial statements.
For More Objectives:
If you are unable to view PDF then right click the mouse and click save link as
Profession
NASBA: Yes
QAS: Yes
CPA: Suitable for all CPAs
IRS: No IRS credit for Enrolled Agents.
Profession Identifiers: CPA