Page 32 - Financial Accounting 1 ITC Preparation June 2018
P. 32
ITC EXAM PREP – JUNE 2018
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
32
