About this seminar

This course provides an overview of the accounting requirements in IAS 2 Inventories which is applicable to entities that hold inventories and are required to prepare financial statements in accordance with International Financial Reporting Standards or Australian Accounting Standards. The course will provide you with an introduction to requirements for recognising and measuring inventories as well as disclosing information about such assets.

How this seminar will help your business

Notwithstanding that many entities hold inventories, we often find entities incorrectly accounting for these types of assets for a range of reasons, including incorrectly identifying inventories as other types assets and consequently accounting for them under standards other than IAS 2. For example, sometimes it can be difficult to determine whether an item should be accounted for as inventory, property, plant, equipment or as an investment property. This course will not only provide you with an introduction to IAS 2, it will also assist you to identify the correct standard to apply to a transaction through the use of worked examples.

Meet your course instructor

IFRS Instructor

Aletta Boshoff

Aletta is an Advisory Partner and National Leader of IFRS & Corporate Reporting at BDO in Australia. Aletta has over 25 years’ experience in financial reporting and accounting, including IFRS. Aletta has lectured on financial accounting and reporting, auditing and assurance and taxation at various Australian and South African universities. As an Associate Professor, she authored various financial reporting and accounting textbooks. Aletta also spent several years as a Project Manager at the Australian Accounting Standards Board (AASB).