Sample Disclosure – Change In Accounting Policy Of Inventories Valuation Method (29 October 2009)

Change in Accounting Policy – Valuation Method of Inventories Prior to 1 January 2009, the cost of inventories was determined on the weighted average basis. The directors consider that the change to the first-in, first-out method gives a fairer presentat...

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Tagged As: change in accounting policy, change in valuation of inventories, sample disclosure of financial instruments, weighted average to FIFO method