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Activity Provided By:

Becker Professional Education

Accounting for Assets under IFRS: What You Need to Know about Inventories & Borrowing Costs IAS 2 & 23

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Overview / Abstract:

Obtain a relevant historical perspective, deepen your understanding of current standards, and acquire the critical hands-on experience that will allow you to effectively interpret and properly apply International Financial Reporting Standards for Inventory and Borrowing Costs (IAS 2 and 23). At the conclusion of this session you will be able to:

Recognize the scope and objectives of International Accounting Standard 2 (IAS 2)
Define the terms used in IAS 2
Recognize the methodologies utilized to value Inventory under IAS 2
Identify the differences in Inventory valuation methodologies under IFRS and U.S. GAAP
Recognize the rules followed when Inventories are recognized as an expense under IAS 2
Recognize the Inventory disclosure requirements under IAS 2
Recognize the scope and objectives of IAS 23
Define the terms used in IAS 23
Identify the rules utilized to determine if Borrowing Costs should be capitalized under IAS 23
Recognize the Borrowing Cost disclosure requirements under IAS 23
Identify the differences in accounting for borrowing costs under IFRS (IAS 23) and U.S. GAAP (SFAS 34)


Aug 18, 2020


Accounting , Financial Advisor CE





Credits / Hours

2.00 CPE

Keywords / Search Terms

Becker Professional Education

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