Inventories: Comparison between MPSAS 12, MFRS 102 and Section 13 of MPERS

Originally published at: Inventories: Comparison between MPSAS 12, MFRS 102 and Section 13 of MPERS | TheAccSense

This article discusses and compares the accounting treatment for inventories under MPSAS 12, MFRS 102 and Section 13 of MPERS. It highlights the main differences in the accounting treatment for inventories under the three standards. This article compares the accounting requirements for inventories in MPSAS 12 and how they are different from MFRS 102 and…