BCZ4 IAS 2 Inventories requires an enterprise to measure the recoverable amount of inventory at its net realisable value. IASC believed that there was no need to revise this requirement because it was well accepted as an appropriate test for recoverability of inventories. No major difference exists between IAS 2 and the requirements included in IAS 36 (see paragraphs BCZ37-BCZ39).

BCZ5 IAS 11 Construction Contracts [IFRS 15 Revenue from Contracts with Customers, issued in May 2014, replaced IAS 11 Construction Contracts. IFRS 15 includes requirements for the impairment of some assets arising from contracts with customers and amended paragraph 2 of IAS 36 for consistency with the requirements of IFRS 15.] and IAS 12 Income Taxes already deal with the impairment of assets arising from construction contracts and deferred tax assets respectively. Under both IAS 11 and IAS 12, recoverable amount is, in effect, determined on an undiscounted basis. IASC acknowledged that this was inconsistent with the requirements of IAS 36. However, IASC believed that it was not possible to eliminate that inconsistency without fundamental changes to IAS 11 and IAS 12. IASC had no plans to revise IAS 11 or IAS 12.