NRV

/Tag:NRV

About normal capacity

Dear all Can someone tell me how do you define normal capacity of IAS 2? In IAS 2, it said that normal capacity is the production expected to be achieved on average over a number of periods or seasons under normal circumstances. I am wondering how to caculate the normail capacity? ex: one machine can [...]

By |December 15th, 2008|IFRS|0 Comments

Fwd: [IFRS List] Basis for Valuation of closing stock.

---------- Forwarded message ----------From: Simone Salvi <salvi.simone@gmail.com>Date: Sun, Dec 14, 2008 at 7:46 PMSubject: Fwd: [IFRS List] Basis for Valuation of closing stock.To: elena137.ciao@blogger.comForwarded conversationSubject: [IFRS List] Basis for Valuation of closing stock.------------------------From: pankaj sharma <sharma.pj@gmail.com>Date: Fri, Sep 12, 2008 at 5:23 AMTo: ifrs@ifrslist.comHi,Can any body tell me how to go for valuation of closing [...]

By |December 15th, 2008|IFRS|0 Comments

Reversal of a previuos inventory writedown

Dear All Kindly feed me back regarding the reversal of any previuos writedown that had been made in a previuos period. Is it possible to reverse a wirte down for inventory made in 2007 to be reversed in 2008 Noting that I couldn’t reach any speci...

By |December 14th, 2008|AUDIT, IAS 2, IAS 8, IFRS, TAX|0 Comments

NRV

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 way. But my vendor tells me this is the way it is. Any good websites which can help will be helpful Regards, Sylvia   […]

By |August 28th, 2008|IAS 2|0 Comments