标题: inventory write down [打印本页] 作者: meghanjackson 时间: 2011-7-13 13:38 标题: inventory write down
under IFRS: loss goes to I/S
under U.S. GAAP: where does the write down go?作者: flyinggirl 时间: 2011-7-13 13:38
I/S作者: brainsX 时间: 2011-7-13 13:38
What about for inventory write ups?
IFRS: Allows it I believe
GAAP: Not allowed. Any gain from the sale of written down inventory is just realized when sold correct?作者: ppls 时间: 2011-7-13 13:39
Just studied this - you're correct作者: luda002 时间: 2011-7-13 13:39
Cool. Thanks作者: onelife1 时间: 2011-7-13 13:39
Dreary,
1) yes it does
2) in the case of fixed assets, remember that is asset initially goes up, then goes as reval on oci, if it goes down after then reverse oci balance up to amount of writedown the goes through i/s
