AASB 102 requires which of these disclosures for inventory?

Question

Quizplus · Accepted Answer

AASB 102 requires all three disclosures for inventory mentioned in the options. Disclosure of any write-down of inventories recognised as an expense during the period is required to provide information about the impact of inventory write-downs on the financial statements. The total carrying amount of inventories is required as it is a key figure used in financial analysis. Disclosure of the accounting policies adopted regarding inventories is necessary for users to understand how the entity values its inventories.

AASB 102 Requires Which of These Disclosures for Inventory