IAS 2 Inventories

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IAS 2 Inventories

Créé par

Lorenza

Colombia

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1	Lorenza 6 Août 2025	% 100	11:03

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Is it true?

Educaplay Educational Resources

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Answer if the following sentences about general culture are true or not.
Grammys for best song/record

Educaplay Educational Resources

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Answer if these songs won the Grammy for Best Song or Record of the Year (the general ones, category Grammys do not count)
Is it created with Artificial Intelligence? - Complete game

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Images, songs... Nothing is what it seems anymore. Are they generated with AI, or are they real?
Adjective Checker

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In this game, you will have to determine if the adjective provided accurately describes the noun. Test your knowledge of adjectives and see if you can spot the correct matches!
Foot and Ankle Anatomy Quiz

Thilaxshi Suresh

United Kingdom

(9)

Test your knowledge of the bones, joints, and muscles of the foot and ankle with this interactive quiz. Answer with ✅ if the statement is correct and ❌ if it is incorrect.

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IAS 2 Inventories


IAS 2 InventoriesVersion en ligne IAS 2 Inventories par Lorenza 1 Net Realizable Value is a market general value Sí No 2 Supplies are a type of inventory Sí No 3 Spare parts whose useful life is more than one year meet the definition of inventory Sí No 4 Inventories shall be measured at the higher of cost and Net Realizable Value Sí No 5 Total inventory cost includes: Cost of purchase, Cost of conversion and other costs Sí No 6 Borrowing Costs can be capitalized of all type of invetories. Sí No 7 VAT is always a higher inventory value Sí No 8 Depreciation of some machinery can be part of conversion cost. Sí No 9 IAS 2, doesn't allow including asset maintenance as part of inventory cost. Thus this cost are always expenses in P&L Sí No 10 Fixed production cost are allocated using the Real Capacity of production Sí No 11 LIFO are not allowed as a cost formula by IAS 2 Sí No 12 Finished product storage is part of the inventory cost: "Other Costs" Sí No 13 Transport to point of sale is part of the inventory cost: "Other costs" Sí No 14 Raw material can't be classified as an inventory Sí No 15 In a Financial Statement we can find the balance of inventory in the P&L Sí No 16 In a Financial Statement we can find the balance of inventory in non current assets Sí No

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IAS 2 Inventories

Oui ou Non

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

Top Jeux

Oui ou Non

Is it true?

Oui ou Non

Grammys for best song/record

Oui ou Non

Is it created with Artificial Intelligence? - Complete game

Oui ou Non

Adjective Checker

Oui ou Non

Foot and Ankle Anatomy Quiz

IAS 2 InventoriesVersion en ligne

par Lorenza

Net Realizable Value is a market general value

Supplies are a type of inventory

Spare parts whose useful life is more than one year meet the definition of inventory

Inventories shall be measured at the higher of cost and Net Realizable Value

Total inventory cost includes: Cost of purchase, Cost of conversion and other costs

Borrowing Costs can be capitalized of all type of invetories.

VAT is always a higher inventory value

Depreciation of some machinery can be part of conversion cost.

IAS 2, doesn't allow including asset maintenance as part of inventory cost. Thus this cost are always expenses in P&L

Fixed production cost are allocated using the Real Capacity of production

LIFO are not allowed as a cost formula by IAS 2

Finished product storage is part of the inventory cost: "Other Costs"

Transport to point of sale is part of the inventory cost: "Other costs"

Raw material can't be classified as an inventory

In a Financial Statement we can find the balance of inventory in the P&L

In a Financial Statement we can find the balance of inventory in non current assets