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Pas 2 Pas 41

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jasonlasonnation
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12 views1 page

Pas 2 Pas 41

Uploaded by

jasonlasonnation
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Flowchart for PAS 2 AND PAS 47

PAS 2
INVENTORIES

COST MEASUREMENT
OBJECTIVE
FORMULAS OF INVENTORIES

COSTS OF PURCHASE TO PRESCRIBE THE


SPECIFIC IDENTIFICATION
COSTS OF CONVERSION ACCOUNTING
FIRST-IN, FIRST-OUT (FIFO) TREATMENT FOR
OTHER COSTS
WEIGHTED AVERAGE COST INVENTORIES.
NET REALIZABLE VALUE

INVENTORY CLASSES OF DISCLOSURE


SYSTEMS INVENTORIES

ACCOUNTING POLICIES
PERIODIC TRADING CONCERN TOTAL CARRYING AMOUNT FUNCTIONS
PERPETUAL MANUFACTURING CARRYING AMOUNT BY CLASSIFICATION
CONCERN CIRCUMSTANCES LEADING TO THE
REVERSAL OF A WRITE-DOWN

1 2 3 BOTH DEAL WITH THE


MEASUREMENT OF ASSETS
BIOLOGICAL AGRICULTURAL
PAS 41 AT INITIAL RECOGNITION
PRODUCE
ASSET YES AND SUBSEQUENT
AGRICULTURE
(PAS 2) MEASUREMENT
(PAS 41)

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