Description
What you will learn from the video lecture:
- What are Inventories
- Distinguish between Net Realisable Value and Fair Value with example
- Types of Inventories
- Measurement process
- Cost of Inventories and Conversion
- Treatment of Borrowing Costs
- How to account for Inventories purchased on deferred settlement terms
- Cost Formulas
- Onerous Contracts
- Writing down inventory below cost
- Net Realisable Value of damaged inventory
- Numerical examples to calculate closing inventory
Additional features:
Session type – Detailed deliberation on Ind AS 2 with maximum use of practical examples and engaging illustrations
On-Demand Access – Enjoy flexibility of accessing e-lecture anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule
Unlimited Views – There is no restriction to the number of views
Study material – You will receive a comprehensive e-book on Ind AS 2, presentation slides, and examples used in the video
Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase
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