JUMOQ Learning · Assets, Impairment & Leases

Ind AS 2 Foundations – Inventory Recognition, Cost and Scope

Build a practical foundation in Inventory Recognition, Cost and Scope. The course is deliberately separated from adjacent topics so that each JUMOQ course remains focused and developable.

INDAS2-B01Basic

Course director: Venkata Subramani Ramachandra

2 hr 16 minFull study estimate

Full study estimate: 2 hr 16 min

Self-paced estimates for one pass through the course. Practical work includes activities, assignments and resource study. Your pace may vary; breaks and repeat attempts are extra. All course and certificate requirements still apply.

Inside this course

Select a topic to see its lessons, videos, practice activities and resources.

Course orientation

VideoHow to Learn an Ind AS at Beginner Level
VideoInd AS 2 Architecture and Learning Path

Scope and excluded inventories

LessonScope and excluded inventories
VideoScope and excluded inventories: visual explainer
QuizLesson 1 Knowledge Check
Decision MissionDecision Mission

Purchase and conversion costs

LessonPurchase and conversion costs
QuizLesson 2 Knowledge Check

Other costs and abnormal waste

LessonOther costs and abnormal waste
QuizLesson 3 Knowledge Check
Impact SimulatorImpact Simulator

Recognition as an asset

LessonRecognition as an asset
QuizLesson 4 Knowledge Check
Practice LabPractice Lab

Expense recognition when sold

LessonExpense recognition when sold
QuizLesson 5 Knowledge Check
Downloadable resourceInd AS 2 Foundations – Inventory Recognition, Cost and Scope – Applied Data, Model or Disclosure Pack
Downloadable resourceInd AS 2 Standard Map, Scope and Decision Checklist

Final Assessment

QuizInd AS 2 Foundations – Inventory Recognition, Cost and Scope – Final Assessment

Certificate

CertificateCertificate of completionUnlocks after every quiz is completed at its required pass mark and all course requirements are complete.

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