Ind AS 2 Inventories in 1 Hour | 100% Concept Revision + Examples | FR Maha Marathon Ep 3

Welcome to FR Maha Marathon – Episode 3 ✅
After Ind AS 21 and Ind AS 115, we now cover Ind AS 2 (Inventories) in just 1 hour, with 100% concept coverage + examples, designed for quick revision + exam conversion.

📌 In this 1-hour marathon, you’ll master:

Measurement vs valuation: Lower of Cost & NRV
What is included/excluded in cost of inventories
Cost of purchase: duties, freight, discounts, handling, etc.
Cost of conversion: fixed OH allocation (normal capacity), variable OH
Abnormal waste / storage / admin / selling costs treatment
NRV calculation: selling price – completion – selling costs
Raw material write-down logic (FG below cost / replacement cost concept)
Cost formulas: FIFO vs Weighted Average (exam angle)
By-products / scrap adjustments (if applicable)
Common exam traps + typical ICAI-style presentation

Видео Ind AS 2 Inventories in 1 Hour | 100% Concept Revision + Examples | FR Maha Marathon Ep 3 канала CA Prasanna Kumar (PK Sir)