ComplianceOnline

International Financial Reporting Standards for Inventory

Instructor: Mike Morley
Product ID: 701199
  • Duration: 60 Min

recorded version

$199.00
1x Person - Unlimited viewing for 6 Months
(For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My CO Section
Last Recorded Date: Apr-2009

Training CD

$350.00
One CD is for usage in one location only.
(For multiple locations contact Customer Care)
CD and Ref. material will be shipped within 15 business days

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Read Frequently Asked Questions

This IFRS (International Financial Reporting Standards) will guide you through the concepts and rules for inventory costing methods under IFRS.

Description

International Financial Reporting Standards are changing how companies account for inventory on their financial statements. Usually the largest or second-largest item on the balance sheet, and a significant item on the income statement (cost of goods sold), accounting for inventory is a high priority. IFRS asks the accountant to measure the fair value of inventory by choosing among several alternative methods but just exactly how do you do it? This hands-on workshop will provide you with easy-to-follow guidelines that will ensure that you can meet the deadline for complying with these new standards.

Areas Covered in the seminar:

  • Concepts and rules for inventory under IFRS.
  • Inventory costing methods under IFRS.
  • Ownership of goods.
  • Fair value of inventory under IFRS.
  • Net realizable value.
  • Standard costing.
  • Other alternative valuation methods under IFRS.
  • Disclosure requirements.
  • Financial statement presentation.

Who will benefit:

  • If you are an accounting professional you need to become familiar with exactly what these new standards consist of, and what these changes mean for companies.
  • This workshop will help you become acquainted with the latest information regarding IFRS and will include an opportunity to practice applying these standards.
  • CPA. CMA, CFA, CIA

Instructor Profile

Mike Morley, is a Certified Public Accountant and author of several books including “Sarbanes-Oxley Simplified.” A frequent consultant on SOX and IFRS projects, Mike is a recognized authority in the field of finance. An entertaining and informative speaker, Mike’s presentations help financial professionals stay on top of the latest developments in their field.

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Refund Policy

Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange.

Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.

If you have any concern about the content of the webinar and not satisfied please contact us at below email or by call mentioning your feedback for resolution of the matter.

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