CFA Level 1 | FRA: Measuring Inventory Value IFRS vs US GAAP

Visit https://www.noesis.edu.sg for more info on CFA prep courses in Malaysia, Singapore, or wherever you are. ☕ Like the content? Support this channel by buying me a coffee at https://www.buymeacoffee.com/riskmaestro CFA Level 1 Topic: Financial Reporting & Analysis Reading: Inventories Often a confusing part for students is remembering the measurement of inventory value under IFRS and US GAAP. Under IFRS: inventory is lower of cost or net realisable value reversal of write-down is allowed but limited Under US GAAP: inventory is lower of cost or market, subject to lower and upper limits (if LIFO or retail inventory methods used) inventory is lower of cost or NRV (if other inventory methods used) reversal of write-down is prohibited 00:00 Measuring inventory value under IFRS 03:23 Measuring inventory value under US GAAP Visit www.noesis.edu.sg for more info on CFA prep courses in Malaysia, Singapore, Vietnam, or wherever you are. Facebook:   / noesismy   LinkedIn:   / noesisklsg