Hi all,
Need your help on this. I am trying to look into my Inventory valuation in my Accounting system hence if you have any suggestions pls do reply me.
Currently we are using Navision system and if any of you are using the same system it will be good if I can hear your feedback because I am trying to get my vendor to do NRV valuation for my Inventory and they give me negative answers.
In addition we are using FIFO method but in the system it doesn’t calculate it this …

Dear All,
 
Good day ahead………….
 
We have purchased shares of a company as an investment only. We have purchased as lot by lot from the year 2005 onwards until year 2007 and it is now 110000 shares valuing  USD 2.5 mn and we have got bonus shares of 10% of the holding on March 2008. Now we have sold 28000 shares  on April 2008. All the shares we have purchased from share market only with different prices.
 
My issue is how I can co-relate the sale with the cost of investment, like first in …

Dear Moderators,
 
I need the difference b/w “Current Cost” & “Replacement Cost” as per IAS/IFRS. Plz elaborate with examples. . . .
 
thanx & b/rgrds,
ammad

no difference.

–
best regards,
Tope

Current Cost

- Current cost is the cost that would be
incurred at the present time to replace an asset, the
replacement cost or the lower recoverable amount. See
also historical cost and nominal dollars and constant
dollars.
 
 
 

FIFO Method
- Under FIFO, the first costs inventoried
are the first costs transferred to cost of goods sold.
Ending inventory includes the most recently incurred
costs; thus, the ending inventory balance approximates
replacement cost. In …