Business & Management Studies: An International Journal

Yazarlar: Hülya BOYDAŞ HAZAR

Konular:-

Anahtar Kelimeler:-

Özet: In this study, IAS 2 Inventories standard is examined and the real-world accounting applications related to inventories are presented.IAS 2 Inventories is an accounting standard, which is part of the International Financial Accounting Standards (IFRS). It is the framework for the accounting treatment of inventories. Inventory makes up substantial part of the total asset value. Therefore, value determination and presentation of inventories is a fundamental part of accounting.The contribution of this work is highlighting the components which make up the value of inventories and the importance of choosing the inventory valuation method in managerial decision making. Moreover, accounts are suggested for journal entries to record inventory related costs.

---