Inventories (IAS 2) | International Accounting Standard 2 Full Lesson & Examples
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YouTubeFinance Simplifier
Inventories (IAS 2) | International Accounting Standard 2 Full Lesson & Examples
If you’re studying accounting, you must understand the IAS 2 inventory rule. In this video, I explain the key principle in IAS 2 Inventories: Inventory must be measured at the lower of cost and net realizable value (NRV). You will learn: • What inventory cost includes • What Net Realizable Value (NRV) means • Why companies write ...
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