Documente Academic
Documente Profesional
Documente Cultură
PSAK 14
Inventories
201450246
201450263
Inventories
Inventories are assets:
Purchase costs
Conversion cost
Other costs incurred until supplies are in condition and ready to be sold or used
(present location and condition)
Cost of purchase includes the purchase price, import duties and other taxes except those that
can be billed back to the tax office.
Conversion costs include costs directly related to the units produced and the cost of fixed and
variable production overheads allocated systematically.
Costs of inventory:
The measurement technique standard cost method of inventory costs, retail method may be
used if the results are closer to the historical cost.
Supplies purchased with deferred payment should not include elements of interest.
Cost Formula
For items that cannot be replaced by other items (not interchangeable) and services produced
and segregated for specific projects specific identification of the cost of each.
For other goods costs calculated using the formula:
Entities should use the same cost formula for all inventories having similar nature and use.
For supplies that have characteristics and different uses, different cost formulas allowed.
Replacement cost
The selling price less the cost to sell
Recognition as an Expense
If the inventory is sold, the carrying value of inventories should be recognized as an expense
in the period of revenue recognition.
Any decline in the value of inventories below cost to net realizable value and all losses of
inventories should be recognized as an expense in the period when the decrease or loss
occurs. Each restoration is recognized as a reduction in the amount of inventories expense in
the period the reversal occurs.