Skip to content

Balance Sheet Valuation (IFRS) Lower of Cost and Market

December 21, 2015

All costs of bringing the inventory to its current location and condition.

Excludes: Abnormal amounts, storage costs, Admin overhead, selling costs

NRV = Estimate Selling Price – Estimated Costs to Complete – Costs to Sell Inventory

Advertisements
Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: