Showing posts with label
Inventories
.
Show all posts
Showing posts with label
Inventories
.
Show all posts
Wednesday, August 4, 2010
The Death of LIFO Accounting ?
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IAS 2 Inventories does not permit the use of the last-in, first-out (LIFO) formula to measure the cost of inventories of a company. This reg...
1 comment:
Friday, February 27, 2009
Net Realizable Value of Inventory Measurement
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IAS 2 Inventories , para. 9 states that : Inventories shall be measured at the lower of cost and net realizable value. Para. 7 of IA...
1 comment:
Thursday, February 5, 2009
Methods of INVENTORY COSTING Under IAS 2 re.Inventories
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IAS 2 regarding Inventories states that inventories shall be measured at the lower of cost and net realizable value. The cost of inventor...
2 comments:
Monday, September 15, 2008
IAS 2 Inventories, How and When to Determine the Ownership of Goods
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Inventory can only be an asset of the reporting entity if it is an economic resource of the entity at the date of the statement of financial...
7 comments:
Friday, September 12, 2008
Revised IAS 2 Inventories, the history and the main changes
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The History IAS 2 Inventories was issued by the International Accounting Standards Committee (IASC) in December 1993. It replaced IAS 2...
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