This document discusses the valuation and accounting of inventory. It defines inventory as assets held for sale, in production, or as supplies. Inventory should be valued at the lower of cost or net realizable value. Cost includes all purchase costs, conversion costs like direct labor and allocated overheads, and other costs to bring inventory to its present condition. Common costing methods are specific identification, FIFO, and weighted average. Disclosures include accounting policies and total inventory carrying amounts.
The accounting policies adopted in measuring inventories, including the cost formula used.
The total carrying amount of inventories & its classification appropriate to the enterprise.
disclosure of AS2
The accounting policies adopted in measuring inventories, including the cost formula used.
The total carrying amount of inventories & its classification appropriate to the enterprise.
disclosure of AS2
A presentation on Property, Plant & Equipment (PPE)-IAS 16, Prepared by a few students of Dept. of Accounting & Info. Systems, Jahangirnagar University, Savar, Dhaka
A presentation on Property, Plant & Equipment (PPE)-IAS 16, Prepared by a few students of Dept. of Accounting & Info. Systems, Jahangirnagar University, Savar, Dhaka
This presentation includes:
What is inventory?
Cost calculation of inventory
Cost formula
The objective of inventory management
Different methods of inventory cost calculation with examples
Ias 2 inventories summary and simplificationWiki Blogger
IAS 2 Inventories : Inventories are normally one of the material assets of most of the companies especially manufacturing companies, garments factories, and merchandising industry. Not only materialized in term of values, but inventories are the kind of sensitive assets due to the complexities of accounting treatments, measurement and recognitions, and classifications.
In this article, we will summary the key points that you should know and clearly understand about inventories accounting under IAS 2 Inventories. Those importance key areas are:
Objective of IAS 2 Inventories,
Scope of IAS 2 Inventories,
Definition of the key term in IAS 2 Inventories,
Measurement of Inventories per IAS 2 Inventories, and
Disclosure required for inventories as per IAS 2 inventories.
Visit here for detail: http://ifrs-isa.info/ifrs/ifrs-summary/ias-2-inventories/
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
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US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
2. Objectives
Scope
Definition
Measurement of Inventory
Cost of Inventory
Cost of purchase
Cost of conversion
Other Cost
Cost Formulas
Technique for measurement of cost
Disclosures
3. The primary issue in accounting for inventories
is the determination of the value of at which
inventories are carried in the financial
statement until the related revenues are
recognised.
4. This statement should be applied in accounting for
inventories other than:
work-in-progress arising under construction
contracts.
Work in progress arising in the ordinary course of
business of service providers.
Shares, debentures and other financial
instruments held as stock-in-trade.
Producers inventories of livestock, agricultural
and forest product and mineral oils, ores and
gases to the extent that they are measured at
net realizable value.
5. 1. INVENTORIES
Inventories are defined as assets:
a) Held for sale in ordinary course of business.
b) In the process of production for such sales.
c) In the form of material or supplies to be
consumed in the production process or
rendering of services.
6. 2.NET REALISABLE VALUE
Net Realisable Value is defined as the estimated selling
price in the ordinary course of business less the
estimated costs of completion and estimated costs
necessary to make the sale.
NOTE:- Inventories encompasses goods purchased and
held for resale. Inventories do not include machinery
spares which can be used only in connection with an
item of fixed assets and whose use is expected to be
irregular; such machinery spares are accounted for in
accordance with AS-10, Accounting for Fixed Assets
7. MEASUREMENT OF INVENTORIES
Inventories should be valued at the lower of cost and
net realisable value.
COST OF INVENTORIES
The cost of inventories means the historical cost &
comprises:
(i) All cost of purchases
(ii) Cost of conversion
(iii) Other cost incurred to bring the inventories to
their present location and condition.
8. COST OF PURCHASES
1.The cost of purchase consist of the purchase price
including duties and taxes, freight inwards, and other
expenditure directly attributable to the acquisition.
2. Trade discount, rebates, duty drawbacks and other
similar items are deducted in determining cost of
purchase.
9. COST OF CONVERSION
The cost of conversion of inventories includes cost
directly related to the units of production, such as
direct labour. They also include a systematic
allocation of fixed and variable production
overheads that are incurred in converting materials
into finished goods.
The allocation of fixed production overheads for
the purpose of their inclusion in the cost of
conversion is based on the normal capacity of
production facilities. Normal capacity is the
production expected to be achieved on an average
over a number of periods and seasons under normal
circumstances, taking into account the loss of
capacity resulting from planned maintenance.
10. A production process may result in more than one
product being produced simultaneously. When the
costs of conversion of each product are not
separately identifiable, they are allocated between
the product on rational basis. The allocation may be
based on the relative sales value of each product
either at the stage in production or at the completion
of production.
11. OTHER COST
1.Other cost are included in cost of inventories only
to the extent that they are incurred in bringing the
inventories to their present location and condition.
2. Interest and other borrowing cost usually not
included in the cost of inventories.
EXCLUSIONS FROM THE COST OF INVENTORIES
1.Abnormal cost of wasted material, labour or other
production cost.
2.Storage cost
3.Administrative overhead that do not contribute to
bringing the inventories to their present location
and condition.
4.Selling and Distribution cost.
12. COST FORMULA
The standard specifies the following cost of
determining the historical of inventories:
(i) Specific identification cost.
(ii) FIFO
(iii) Weighted Average Cost
Specific identification of cost means that specific
costs attributed to identified item of the inventory.
The FIFO formula assumes that the item of inventory
which were purchased or produced first and
consequently the item remaining in inventory at the
end of the period are those most recently purchased
or produced.
The weighted average cost formula, the cost of each
item is determined from the weighted average of the
cost of similar item purchased or produced during the
year.
13. TECHNIQUE FOR THE MEASUREMENT OF COST
1.Standard Cost Method.
2.Retail Method.
DISCLOSURES SHOULD BE MADE IN THE FINANCIAL
STATEMENT
(a)The accounting policies adopted in measuring
inventories; including the cost formulas used and
(b) The total carrying amount of inventories and its
classification appropriate to the enterprises.
Editor's Notes
OTHER COST
1.Other cost are included in cost of inventories only to the extent that they are incurred in bringing the inventories to their present location and condition.
2. Interest and other borrowing cost usually not included in the cost of inventories.
EXCLUSIONS FROM THE COST OF INVENTORIES
Abnormal cost of wasted material, labour or other production cost.
Storage cost
Administrative overhead that do not contribute to bringing the inventories to their present location and condition.
Selling and Distribution cost.