Inventories: Overview of IAS 2
Description
Many companies recognize inventory in their financial statements. Inventory is a portion of a company’s business assets that will be (or already are) ready for sale as part of normal operations. But how is inventory accounted for under IFRS? In this CPE-eligible (1.0 CPE) eLearning course, we discuss the accounting requirements under IAS 2 Inventories. In this online course, you will learn what is included in inventory cost, including how to calculate total cost. We also discuss measurement requirements, how to apply both initial and subsequent recognition principles, and disclosure requirements.
Learning Objectives
By the end of this course, you should be able to:
- Identify inventory within the scope of IAS 2
- Recall how inventory is initially measured, including which costs are included within inventory
- Recall how inventory is measured subsequent to initial recognition, including consideration for impairment
Additional Information
| Last Updated | 04/01/2026 |
|---|---|
| CPE Credit | 1.0 |
| Field of Study | Accounting |
| Instructional Delivery Method | QAS Self Study |
| Knowledge Level | Overview |
| Prerequisites | None |
| Advanced Preparation | None |
| Expiration | This course, collection, or subscription expires one year from the date of purchase. The post-course assessment for each course must be satisfactorily completed, as evidenced by a passing grade of at least 70%, by the expiration date to be awarded any qualifying continuing professional education (CPE) credit. |
| Refund or Cancellation Policy | For more information regarding refunds, concerns, and program cancellation policies, please contact the GAAP Dynamics Support Team via email at support@gaapdynamics.com or call (804) 897-0608. |
$120
1h 00m
Get this course and everything else in our All-Access Subscription!
Bundle
& SAVE!
Empower your team with our bundled training packages
Our tiered packages for groups of 25 or more include over 200 hours of CPE-qualified training.