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Search results with tag "Ias 2"
Inventories IAS 2 - IFRS
www.ifrs.orgIAS 2 2021 Issued IFRS Standards (Part A) Inventories. In April 2001 the International Accounting Standards Board (Board) adopted IAS 2 Inventories, which had originally been issued by the International Accounting Standards Committee in December 1993.
IFRS Viewpoint 3 - Inventory Discounts and Rebates
www.grantthornton.globalIAS 2 ‘Inventories’ requires that: ‘trade discounts, rebates and other similar items are deducted in determining the cost of purchase’. The treatment of trade discounts is therefore clear. Settlement discounts The treatment of settlement discounts is not specified by IAS 2. However, in November 2004 the IFRS Interpretations