Discover How IAS 2 is Connected: Essential Knowledge for SBR/AAA/Corporate Reporting
Especially for SBR/AAA of acca and CR of ICAEW exams. You will revise all the important aspects of ias 2
Table of Contents:
00:00 - Introduction
01:55 - What is included in inventories
02:12 - types of inventories
02:47 - ordinary course of business
03:08 - Disposal of PPE is not a sale per IFRS15
03:58 - IAS 41 vs IAS 2
04:21 - Biological assets and Biological produce
05:04 - How to determine the cost of inventory?
05:18 - what is direct cost per IAS 2
05:26 - How to allocate fixed production costs
05:45 - Don't include abnormal loss
05:58 - treat abnormal loss as operating expense
06:19 - Treatment of storage cost per ias 2
06:41 - Treatment of admin cost per ias 2
06:49 - treatment of selling costs per ias 2
06:59 - Is borrowing cost treated as direct cost
07:04 - capitalisation of borrowing costs
07:28 - how to value inventory at the Year end
07:58 - inventory is a current asset
08:24 - Fair value hedge accounting
09:09 - Over-ride IAs 2
09:32 - How to impair inventories as per IAS 36
10:28 - Deferred Tax and IAS 2 in consolidated FS
11:52 - Consolidated cashflow and Ias2
12:25 - Summary of IAS 2 on slide