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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