Naslov
Accounting policies on inventories according to IAS 2 and their impact on financial results

Autori
Perčević, Hrvoje

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
The impact of European integration on the national economy / Matis, Dumitru - Cluj - Napoca : Babes-Bolyai University of Cluj-Napoca, Faculty of Economics and Business Administration, 2005, 315-324

ISBN
973-751-130-1

Skup
The impact of European integration on the national economy

Mjesto i datum
Cluj-Napoca, Rumunjska, 28.10.2005. - 29.10.2005

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
accounting policies; inventories; measurement; financial results

Sažetak
Inventories are the most significant item in most companies. Therefore, the problem of their evaluation is of the great importance, not only in accounting theory, but also in accounting practice. The main issue regarding inventories is the question of their initial and additional measurement. It is generally accepted that inventories should be initially measured at their cost. But, at the end of particular accounting period, cost of inventories should be compared with their net realisable value and inventories measured at the lower value. There are also several accounting methods regarding inventories and each of them has a different impact on financial results of the particular accounting period. In order to avoid great differences in inventory evaluation between public companies, IAS 2 recommends certain methods to be used for external financial reporting. IAS 2 was issued in December 2003 and is applicable to annual periods beginning on and after 1 January 2005. In this article, it is presented how recommended methods can reflect on a financial position and profitability of a company.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA