FinTram Global
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Leading learning platform, transforming professionals. This channel is for CFP, US CPA, US CMA, ACCA, IFRS students to know various jobs in the market. We do not advocate any job or company.
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Discovering the realm of finance step by step. Join us on a journey as we delve into the intricacies of ACCA, unraveling its hidden gems!

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๐Ÿš€ Do Certified Financial Planning and Get a Job in Global MNCs.


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IAS 2 ๐˜๐˜ฏ๐˜ท๐˜ฆ๐˜ฏ๐˜ต๐˜ฐ๐˜ณ๐˜ช๐˜ฆ๐˜ด states requirements for inventory accounting. It mandates measuring inventories at lower of cost and net realisable value (NRV). It outlines methods for determining cost: specific identification, first-in first-out (FIFO), weighted average cost. The objective is to prescribe inventory accounting treatment, including cost determination and expense recognition. It also guides cost formulas for assigning costs to inventories.
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๐Ÿ“ž Contact us at - +91 8882677955, +91-7303457955๐Ÿ“Œ Subscribe to our YouTube Channel: https://www.youtube.com/c/FinTramGlobal/
IAS 7 ๐‘บ๐’•๐’‚๐’•๐’†๐’Ž๐’†๐’๐’• ๐’๐’‡ ๐‘ช๐’‚๐’”๐’‰ ๐‘ญ๐’๐’๐’˜๐’” requires an entity to provide a statement of cash flows for an accounting period, which analyses changes in cash and cash equivalents during a period. It requires the cash flows of an entity to be analysed into operating, investing and financing activities. Cash flows from operating activities may be reported using either the direct or indirect method.NOTE: Only the Indirect method is examinable in the Financial Reporting syllabus.
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๐Ÿ“ž Contact us at - +91 8882677955, +91-7303457955
๐Ÿ“Œ Subscribe to our YouTube Channel: https://www.youtube.com/c/FinTramGlobal/