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IAS 2 Inventories

Date

Ongoing

Time

On-demand

CPE Hours

45 minutes

Competency

Core

Location

eLearn

Price

€30

Course Description

This eLearn aims to provide a comprehensive overview of the application of IFRS (IAS) standards to finance and accounting experts. Our instructors – experts in IFRS – designed the professional materials according to the IAS 2 Inventories standard currently in force. They made the curriculum more accessible by including practical examples and interim tests to help knowledge assessment. The material ends with a test questionnaire. 

Course Structure

The e-learning introduces the following topics:

  • Introduction
  • Definitions: scope of IAS 2, types of inventories
  • Recognition: accounting for recognition and derecognition of inventories
  • Measurement: net realisable value, standard cost, weighted average cost, FIFO method, provision against inventories, reversal of provision
  • Disclosures
  • Test your knowledge

Should Attend

This course is intended for professionals in financial and actuarial functions.

Prerequisites

There are no prerequisites to follow this eLearn

Assessment

Final quiz will test your knowledge.

Key-Features

This course will enable you to:

  • identify qualifying assets
  • define borrowing costs eligible for capitalisation
  • define appropriate period of capitalisation
  • understand and apply recognition principles of borrowing costs
  • calculate amount to capitalise
  • review IAS 23 standard’s disclosure requirements

Course Structure

The e-learning introduces the following topics:

  • Introduction
  • Definitions: scope of IAS 2, types of inventories
  • Recognition: accounting for recognition and derecognition of inventories
  • Measurement: net realisable value, standard cost, weighted average cost, FIFO method, provision against inventories, reversal of provision
  • Disclosures
  • Test your knowledge

Should Attend

This course is intended for professionals in financial and actuarial functions.

Prerequisites

There are no prerequisites to follow this eLearn

Assessment

Final quiz will test your knowledge.

Key-Features

This course will enable you to:

  • identify qualifying assets
  • define borrowing costs eligible for capitalisation
  • define appropriate period of capitalisation
  • understand and apply recognition principles of borrowing costs
  • calculate amount to capitalise
  • review IAS 23 standard’s disclosure requirements

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