Chapter 8 - Valuation of inventories: A cost-basis approach. After studying this chapter, you should be able to: Identify major classifications of inventory, distinguish between perpetual and periodic inventory systems, identify the effects of inventory errors on the financial statements, understand the items to include as inventory cost, describe and compare the cost flow assumptions used to account for inventories. | Lecture Intermediate accounting (IFRS 2nd edition): Chapter 8 - Kieso, Weygandt, Warfield
