Financial Reporting And Analysis - Financial Reporting And Analysis Section 2

The accounting policies used to measure inventory must be provided, but disclosure of the cost formula is optional.

The disclosure of accounting policies used to measure inventory is optional, but the cost formula must be provided.

The accounting policies used to measure inventory and the cost formula must be disclosed.

The carrying amount of inventory at fair value plus costs to sell.

The carrying amount in classifications of inventory such as work in progress, finished goods, etc.

The circumstances that led to the reversal of a write down of inventories.

Inventory is measured at the lower of cost or market value.

The lower limit of the market value is net realizable value minus a normal profit margin.

Reversal of write downs are permitted under U.S. GAAP and prohibited under IFRS.

Debt-to-equity ratio.

Inventory turnover.

Return on sales.