IFRS In-Depth: Inventories ON DEMAND
Available Until
Your Desk
3.0 Credits
Member Price $87.00
Non-Member Price $100.00
Overview
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.
Highlights
Inventory Classifications. Inventory Systems. Inventory Measurements. IFRS and U.S GAAP Convergence.
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, financial professionals, and auditors.
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.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
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