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Inventory – IAS 2: Measurement, Recognition, and Disclosure (FAC2601 Study Notes)

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Physical Inventory Count, Ownership of Goods, and Consigned Goods

  • Percorso guidato
    Ownership of Goods
    03:56
  • Percorso guidato
    Consignment
    04:42

Periodic Inventory - FIFO, LIFO, and Average Cost

  • Percorso guidato
    Periodic Inventory FIFO Method
    06:32
  • Percorso guidato
    Periodic Inventory LIFO Method
    04:30
  • Percorso guidato
    Periodic Inventory Average Cost Method
    06:23

Perpetual Inventory - FIFO, LIFO, and Average Cost

  • Percorso guidato
    Perpetual Inventory Average Cost
    10:12
  • Percorso guidato
    Perpetual Inventory FIFO
    09:44
  • Percorso guidato
    Perpetual Inventory LIFO
    07:15

Financial Statement Effects of Inventory Costing Methods

  • Percorso guidato
    Financial Statement Effects of Inventory Costing Methods:Rising Prices
    07:32
  • Percorso guidato
    Financial Statement Effects of Inventory Costing Methods:Falling Prices
    03:00

Lower of Cost or Market

  • Percorso guidato
    Lower of Cost or Market
    07:09

GAAP vs. IFRS: Inventory

  • Percorso guidato
    GAAP vs. IFRS: Inventory
    03:23