Many companies recognize inventories in their financial statements. Inventory is a portion of their business assets that will be (or already are) ready for sale as part of normal operations. In this module, you will learn about: What is included in inventory cost, including how to calculate total cost The measurement principles applied to inventory The initial and subsequent recognition principles applied to inventory Disclosure requirements of IAS 2 Take our self-study eLearning course here: https://revolution.gaapdynamics.com/learn/course/internal/view/elearning/278/inventories-overview-of-ias-2 Learn more about GAAP Dynamics: https://www.gaapdynamics.com/ Check out our other online courses on the Revolution: https://revolution.gaapdynamics.com/learn/catalog Subscribe to GAAP Dynamics to see more videos like this!
