Scenic: Inventory Impairments

Topics:

  • IFRS
    • Lower of cost or net realizable value (LCNRV)
    • Measuring LCNRV impairments
    • Entries
    • Impairment reversals
  • US GAAP
    • Lower of cost or market (LCM) when market is known
    • Determining market
    • Measuring impairments
    • Entries
    • Consequences
  • Take-aways

Express Video: [27 min]

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