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Lesson 8 of 9

Disclosures Relating to Inventories

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
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Inventory at Net Realizable Value

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Impacts of LIFO and FIFO Inventory Methods on Selected Financial Ratios

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Inventory Analysis

9 lessons

Lessons

1
Inventory - Introduction
2
Costs Included in Inventory
3
Inventory Valuation Methods
4
Inventory Accounting Analysis and Inflation/Deflation
5
Perpetual Vs. Periodic Inventory Systems
6
Impact of Inventory Valuation Methods
7
Inventory at Net Realizable Value
8
Disclosures Relating to Inventories
9
Impacts of LIFO and FIFO Inventory Methods on Selected Financial Ratios

Quizzes

Inventories
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