Capital Maintenance in Units of Constant Purchasing Power in terms of the Daily CPI: Why is inventory inflation-adjusted under CIPPA? Is this not against IAS 2?

Showing posts with label Why is inventory inflation-adjusted under CIPPA? Is this not against IAS 2?. Show all posts

Showing posts with label Why is inventory inflation-adjusted under CIPPA? Is this not against IAS 2?. Show all posts

Monday 30 August 2010

Why is inventory inflation-adjusted under CIPPA? Is this not against IAS 2?

IAS 2 (Technical Summary) states: Inventories shall be measured at the lower of cost and net realisable value . The Historical Cost of in...