IFRS standards for accounting of inventories


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IFRS is fast catching up as the accounting standard. I am new to IFRS and would like to know the accouting principles for inventory management. Is it same as GAAP or different ?
 
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Guys. Got it online...IAS 2.... FIFO and LIFO methods... thanks!!

Found the video here....
 

Fidget

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I haven't watched your video, but be aware that LIFO is not permitted under IAS 2.
 

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