Page 31 - 5.1 (b) i. Finac1 ITC Summarised Notes
P. 31
ITC EXAM PREP
Disclosure
• Accounting policy
• Carrying amount:
Total & in appropriate classifications
Inventories carried at fair value less costs to sell
• Amount expensed and written down to NRV during the
year
• Amount & reason (circumstances) for reversals
• Carrying amount of inventories pledged as security
31
