Under US GAAP and IFRS, companies are required to make the following disclosures about inventory.
- Accounting policies for measuring inventories, including cost formulas used
- Total carrying amount of inventories
- Carrying amount of inventories carried at fair value less costs to sell
- Amount of inventories expensed during the period
- Amount of any write-downs expensed in the period
- Amount of any reversal of any write-down
- Circumstances leading to reversals of write-downs
- Carrying amount of inventories pledged as securities for liabilities