Course Recording

IFRS – IAS 2 Inventories

Recording Link
Firm/Group/Company - R900.00 (VAT Incl.)
Individuals - R300.00 (VAT Incl.)
Recording Link
Price (MLU Subscriber):
Firm/Group/Company - R776.25 (VAT Incl.)
Individuals - R258.75 (VAT Incl.)
Presenter: Mr Tristan White
CPD Hours: Attending the course and successfully completing the post-assessment, will grant you 2.5 hour/s verifiable CPD, recognised by the various professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc). Please note that the CPD certificate will only be issued once the post-assessment has been completed.
Platform: Web Based (Online)
Course Facilitator: Tristan White
T:  011-886-1395
Back Order Now

Inventory is something almost all businesses have, be it in the form of consumables or goods sold by retailers, or even internally produced. Even entities providing services are required to keep track of their “cost of sales”, which is dealt with in this standard. This session will help you understand what cost determination methods are available, e.g. FIFO, how to calculate closing inventory based on perpetual versus periodic inventory systems, how to accumulate input costs as part of production, and finally what inventory impairment considerations apply.

• This session will address the following: o What types of costs may form part of inventory-costing o Measurement of cost o Inventory write-downs o Corresponding expense recognition, i.e. cost of sales o Disclosure

Auditors Bookkeepers Financial accountants Audit managers Audit partners Engagement Quality Control Reviewers Business professionals