The learning outcomes from this CPD accounting standards course include:
- The requirements on how to account for most types of inventory.
- Outlining the acceptable methods of determining cost, including:
- specific identification;
- first-in first-out (FIFO); and
- weighted average cost.
This course is made up of videos, questions and additional reading materials, and accounts for 2 units of CPD. One unit is the equivalent of one hour of learning.