Inventory hedge accounting adjustment
A separate basis adjustment recording the fair value change of hedged inventory, kept distinct from the AS 2 valuation because AS 2 requires inventories at the lower of cost and net realisable value.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
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