Many companies recognize inventory in their financial statements. Inventory is a portion of a company’s business assets that will be (or already are) ready for sale as part of normal operations. But how is inventory accounted for under IFRS? In this CPE-eligible (1.0 CPE) eLearning course, we discuss the accounting requirements under IAS 2 Inventories. In this online course, you will learn what is included in inventory cost, including how to calculate total cost. We also discuss measurement requirements, how to apply both initial and subsequent recognition principles, and disclosure requirements.