Mancosa Concepts of financial Reporting Lecture notes
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Course
Financial accounting 2a
Institution
Management College Of Southern Africa (MANCOSA)
Also called Financial accounting 2a .These are lecture notes with activities and answers to them and summaries ,examples and explanations to various concepts .
, uses student engagement to teach.
asks students to make their thinking explicit.
is a more student-centered approach.
gives students greater involvement and control over their learning.
develops students” higher-order thinking skills.
helps students reflect on their understanding
, Measurement of inventories
Inventories are initially recognized at cost, which is the aggregate
cost of purchase, cost of conversion and other costs incurred in
bringing the inventory to its location and condition.
Subsequent measurement is at the lower of cost and net realizable
value.
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