The cost of inventories shall include material, cost of conversion and freight inwards cost. Cost of conversion include depreciation, direct labour and other indirect cost.
Therefore, company shall do manufacturing cost accounting for inventories. They cannot don’t do manufacturing costing.
In business valuation, enterprise value is the value of the business. It includes any intangible assets not booked such as goodwill,...
To perform walk through in audit with the objective to ascertain the audit assertions. We need to understand the control or process in...
Per FRS 109, para 5.1.1, financial assets such as equity instruments shall be initially measured at fair value. And subsequently measured...
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