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:<3: INVENTORY :<3: ( HÀNG TỒN KHO) Cach-xu-ly-hang-ton-kho-qua…
:<3:
INVENTORY
:<3: ( HÀNG TỒN KHO)
1/ HISTORY OF ISA 2
IAS 2 inventories issued in 18 december 2003
2/ OVERRIEW
INTRODUCTION:
IAS 2 INVENTORY standard establishes the accounting and reporting of inventory
THE BENEFITS OF IAS 2:
Differentiating inventories from other assets
The determination of inventory cost
The cost formulae that should be used to assign cost to inventories, when specific indentification is not appropriate
Ehen inventories should be expensed
Circumstance leading to and the treament of inventory write- downs
The disclosure that on an entity should include in its financial statements with regard to inventories.
THE SCOPE OF IAS 2
Example- in scope
Exemple- out scope
Introduction
3/DEFINING INVENTORIES
(định nghĩa HTK)
:check: DEFINTION OF INVENTORIES
Inventories are defined as assets:
Held for sale in the ordinary course of business (151/155/156/157)
In the process of production for sale; or (154)
In them form of materials or supplies to be consumed in the production process in the rendering of service ( 152/153)
:check: MAIN FORMS OF INVENTORIES
Raw materials
Work in progress
Finished goods
Merchandise
Amount allocated to an inventory
:check: INVENTORIES OF SERVICE PROVIDERS
4/ MEASUREMENT OF INVENTORIES
( đo lường HTK)
:star: OTHER COSTS
:star: IMPORT DUTIES IN INVENTORY (thuế nhập khẩu HTK)
:star: COST OF CONVERSION ( chi phí chuyển đổi)
:check:
fixed cost
: include depreciation, rent, maintenance, insurance cost
:check:
variable cost
: include untilies used in production, such as water and electricity also includes indirect cost used in production such as indirect material and labor
:star: TREATMENT OF VOLUME REBATES ( chiết khấu/ giảm giá hàng bán)
:check:
Trade discount, rebates
and other similar items should be
deducted in determining the purchase cost of inventory
:star: COST OF PURCHASE (chí phí mua hàng)
:check: such as:
purchase price, shipping cost and any import duties and taxes
5/ COST FORMULAE
( công thức tính giá trị HTK)
:<3: TECHNIQUES
:!: Standard cost Method
:!: Retail method
:<3: NET REAILZABLE VALUE
:<3: COST FORMULAE
:!:Measuring inventory depend on two factors:
The technique used
The cost formula applied
:!:The nature of invenntory generally determines the technique annd the formula used
:check: inventory valuation method (phương pháp tính GTHTK)
1.specific identification
weighted adverge
First- in, First- out (FiFO)
:<3: ASSESSING NRV
:!: Reversals
:!: Sold above and below cost
:!: Unrecoverable
6/ RECOVERABILITY TEST
