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Thursday 31 July 2014

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Core inventories

Property, Plant and Equipment, Inventories: Core inventories


 Interpretations Committee work in progress

IAS 16 Property, Plant and Equipment and IAS 2 Inventories: ‘Core inventories’

The issue is whether ‘core inventories’ held in an entity’s own facilities should be accounted for as inventories or as property, plant and equipment (PP&E).

Project stages