Statements (53)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:International_Organization_for_Standardization
|
| gptkbp:administered_by |
gptkb:International_Accounting_Standards_Board
|
| gptkbp:affects |
tax calculations
profit measurement |
| gptkbp:allows |
FIFO method
specific identification method weighted average cost method |
| gptkbp:applies_to |
all inventories
|
| gptkbp:defines |
cost of inventories
|
| https://www.w3.org/2000/01/rdf-schema#label |
IAS 2 Inventories
|
| gptkbp:included |
accounting textbooks
|
| gptkbp:includes |
raw materials
finished goods work in progress |
| gptkbp:is_a_key_component_of |
inventory control systems
|
| gptkbp:is_applicable_to |
gptkb:merchants
gptkb:automotive_industry service providers financial instruments biological assets work in progress arising from construction contracts |
| gptkbp:is_essential_for |
gptkb:business
financial reporting |
| gptkbp:is_influenced_by |
gptkb:supply_chain_management
market demand economic conditions |
| gptkbp:is_part_of |
gptkb:International_Organization_for_Standardization
financial statements preparation |
| gptkbp:is_referenced_in |
other accounting standards
|
| gptkbp:is_related_to |
inventory management
cost accounting |
| gptkbp:is_relevant_to |
gptkb:auditors
gptkb:investors financial analysts |
| gptkbp:is_reviewed_by |
by accounting professionals
|
| gptkbp:is_subject_to_amendments |
by the International Accounting Standards Board
|
| gptkbp:is_taught_in |
accounting courses
|
| gptkbp:is_used_by |
private companies
publicly traded companies |
| gptkbp:provides_guidance_on |
inventory valuation methods
|
| gptkbp:regulates |
accounting for inventories
|
| gptkbp:reports_to |
accounting policies for inventories
amount of inventories recognized as an expense carrying amount of inventories write-downs of inventories |
| gptkbp:requires |
inventories to be measured at the lower of cost and net realizable value
|
| gptkbp:requires_that_cost_includes |
other costs incurred in bringing inventories to their present location and condition
conversion costs purchase price |
| gptkbp:requires_that_net_realizable_value_is |
estimated selling price less costs to complete and sell
|
| gptkbp:was_issued_in |
December 1993
|
| gptkbp:bfsParent |
gptkb:International_Accounting_Standards_(IAS)
|
| gptkbp:bfsLayer |
7
|