inventory accounting

3 Articles

Inventory Write-Down Reversal: GAAP vs IFRS Explained

Learn why inventory write-down reversals are allowed under IFRS (IAS 2) but prohibited under US GAAP (ASC 330). Understand the financial reporting impacts.

6/10/2026• 23 min read

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ASC 330 vs IFRS: Inventory Write-Down Reversals Explained

Examine the accounting divergence between US GAAP (ASC 330) and IFRS (IAS 2) regarding inventory write-down reversals when values recover. Read the analysis.

5/7/2026• 19 min read

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NetSuite 2026.1 Consignment Inventory Accounting & Setup

Examine vendor consignment inventory in NetSuite 2026.1. This guide details setup steps, IFRS 15 and ASC 606 accounting rules, and core financial impacts.

4/15/2026• 26 min read

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