[FAR] INVENTORIES (PAS 2) Theory Overview by KuyaLemon

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Hello Lemons,

Topics Discussed:
1. Basic Overview of Inventory
2. Cost of Inventory (Capitalizable/Non-Capitalizable)
3. Why do we need to Capitalize?
4. Recognition of Inventory (FOB Shipping Point/FOB Destination Point)
5. Recognition of Impairment
6.Flow of Inventory

Hope it helps. =)

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#CPA #BoardExamination #StudyMethods #May2022 #KuyaLemon #Study #BSA #Accoutancy #Inventory
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Oh no I made an editing error. I placed "PFRS" instead of "PAS" probably because I am doing a PFRS consulting work at the moment so got caught up with that. Hahahah. Should be PAS 2. Thanks! Apologies again.

KuyaLemon
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