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IAS 2: InventoriesObjective (para. 1)Scope (paras. 2-5)Definitions (paras. 6-8)Measurement of inventories (paras. 9-33)Recognition as an expense (paras. 34-35)Disclosure (paras. 36-39)Effective date (paras. 40-40H)Withdrawal of other pronouncements (paras. 41-42)Appendix Amendments to other pronouncementsApproval by the Board of IAS 2 issued in December 2003IAS 2: Basis for ConclusionsIntroduction (paras. BC1-BC3)Scope (paras. BC4-BC8)Reference to historical cost system (paras. BC4-BC5)Inventories of broker‑traders (paras. BC6-BC8)Cost formulas (paras. BC9-BC23)BC9-BC21Cost of inventories recognised as an expense in the period (paras. BC22-BC23)
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Version date: 10 February 2017 - onwards

Withdrawal of other pronouncements (paras. 41-42)

41 This Standard supersedes IAS 2 Inventories (revised in 1993).

42 This Standard supersedes SIC-1 Consistency - Different Cost Formulas for Inventories.

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