Key details

Cost: $120 /module /user (inc. GST)

Duration: 1.5 Hours

CPD Points: CPA and CA ANZ eligible

About the course

In this course we use practical examples to outline the accounting requirements relating to inventories as specified in the AASB 102 Inventories standard. Learn the definition of inventory and what should and should not be included in the cost of an inventory at initial recognition. Other concepts we cover include net realisable value, cost of purchase, cost of conversion, weighted average cost method, FIFO method, and standard cost method.

 

How to enrol 

Our training is different because

Flexible access from any location convenient to you.

Leverage the power of the PwC global knowledge base.

High quality, interactive training material.

Certificates are issued promptly upon the completion of the course.

Access to course content for up to 6 months from enrolment.

Secure your place now

Book now

Course overview

Learning outcomes

After successful completion of this course you will:

  • understand the concept and definition of inventory
  • identify items to be included in the cost of inventory
  • apply the definition of overheads
  • identify rules for recognition and derecognition of inventories
  • define measurement rules
  • distinguish different methods of inventory valuation (standard cost, weighted average cost, FIFO method)
  • calculate the provision (write-down) against inventories and reversal of provision

Qualifications

You will receive a Certificate of Completion upon successful completion of the course. This course is eligible to claim professional development points from CPA and CA ANZ.

Prerequisites

There are no prerequisites for this course.

Who should complete?

Our AASB eLearns are industry agnostic and are applicable to most organisations. We can help upskill yourself, your finance team, or your entire organisation. 

Pricing

Price per module per user (AUD) – $120 (inc. GST)

How to pay

We offer a variety of payment methods:

  • Direct debit
  • Credit card
  • Cheque

How to enrol

Register for the course via the Book Now button on this page. You will be taken to our online platform to register your details. We will send you an invoice and upon receipt of payment, you will be granted access to your course. 

Delivery

Our eLearns are able to be delivered in clusters that are aligned to individual industry or skills needs. We can tailor a cluster to meet your specific upskilling needs. 

“Excellent trainers with high level expertise, varied content to keep us engaged and quality resources leave me with confidence that I could implement what I’ve learned.”

“The presenters really helped to link the course material to real life situations. They were very professional and helped make the course very enjoyable.”

“Excellent trainers with high level expertise, varied content to keep us engaged and quality resources leave me with confidence that I could implement what I’ve learned.”

“The presenters really helped to link the course material to real life situations. They were very professional and helped make the course very enjoyable.”

“Thoroughly enjoyable learning experience, facilitated to an excellent standard – Well adapted to the diversity of skill within the group.”

Fantastic course professionally run by a ‘real’ auditor working in the field which allowed for a fantastic bridge between theory and practical examples.

“Very informative and enjoyable course. Excellent materials and tools in the course and to take home. Excellent value for money. The trainer did a great job of keeping us engaged and learning. I will do future training through PwC.”

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