Page 18 - Finac1 Test 1 slides - 4. Inventories

INVENTORIES

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

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