IAS 2: Perpetual or periodic inventory

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libris
Posts: 2
Joined: 04 Feb 2023, 16:43

IAS 2: Perpetual or periodic inventory

Post by libris »

Dear,

What are the arguments to implement a perpetual inventory system for a big company, compared to periodic inventory? Does IFRS requires the use of reporting daily inventory movements for certain size of companies? Are there any arguments from auditing purposes?

Thanks,
Dirk
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Marek Muc
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Joined: 15 Oct 2018, 17:21
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Re: IAS 2: Perpetual or periodic inventory

Post by Marek Muc »

https://www.investopedia.com/terms/p/pe ... entory.asp

There are no IFRS requirements in this are.

Who are you if I may ask? Selling software?
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