Indian Accounting Standard (Ind AS) 2, Inventories, prescribes the accounting treatment for inventories, such as, measurement of inventories, recognition of inventories as expense and disclosure etc. The Educational Material on Ind AS 2 consists of summary of Ind AS 2 and Frequently Asked Questions (FAQs) to provide guidance on the issues involved in the Standard. The differences between Ind AS 2, Inventories and AS 2, Valuation of Inventories have been included as Appendices to make this Educational Material comprehensive.

Relevant link to download the Educational Material: https://resource.cdn.icai.org/42084indas31749as2.pdf