IFRS for SMEs 7 - Inventories 2025

Price:
R793.50 (VAT Incl.)
Level:
Accounting Professionals
Sub-level:
IFRS for SMEs
Lecturer:
Tristan David-Crewe White
Duration:
180 Minutes
Additionals:
   CPD Assessment
   Certificate

Lesson Outline


Inventory is something almost all businesses have, be it in the form of consumables or goods sold by retailers, or even internally produced.

Even entities providing services are required to keep track of their “cost of sales”, which is dealt with in this section of IFRS for SMEs.

This session focuses on inventory from the SMEs standard, and will help you understand inventory costing, closing valuation and impairment.

Overview:

Session 7:

  • Section 13: Inventories:
    • What types of costs may form part of inventory-costing
    • Measurement of cost
    • Inventory write-downs
    • Disclosure