Some Aspects Regarding Implications of IAS 2 "Inventory" in Romanian Acounting

This paper presents some aspects regarding inventories. In many business inventories are the most important assets. The accounting for inventories is a major consideration for many entities because of its significance on both the income statement (cost of goods sold) and the statement of financial position. The complexity of accounting for inventories arises from several factors like: the high volume of activity, the various cost flow alternatives that are acceptable and the classification of inventories.