This course 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.
Inventory Classifications. Inventory Systems. Inventory Measurements. IFRS and U.S GAAP Convergence.
CPAs, CFOs, controllers, financial professionals, and auditors.
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.
Michael Walker, Western CPE
Michael J. Walker, CPA, is based in New England and has decades of accounting experience in the financial services, information technology services, and construction industries. He has an extensive technical accounting background that includes hands-on experience with U.S. GAAP and International Financial Reporting Standards (IFRS). His expertise includes accounting for financial instruments, securitizations, and other banking products. He graduated from Bentley University with a BS in finance and an MS in accountancy.
Non-Member Price $100.00
Member Price $87.00