Industries We Serve
Technical Accounting for Manufacturing
Inventory valuation, impairment, fixed assets, leases, and provisions are the recurring technical accounting issues we help manufacturing businesses resolve.
Sector Challenges
Accounting Issues Specific to Manufacturing
- Inventory valuation and net realisable value under IAS 2
- Impairment testing for plant, machinery, and production assets
- Lease accounting for manufacturing facilities and equipment under IFRS 16
- Warranty and decommissioning provisions under IAS 37
- Long-term supply contract accounting
Who We Work With
- CFOs and Finance Directors in manufacturing
- Finance teams preparing for external audit
- Businesses undergoing acquisition or investment
- Multinational subsidiaries reporting under IFRS
Standards We Apply
Relevant IFRS & Accounting Standards
FAQs
Common Questions
How is manufacturing inventory valued under IFRS?
Inventory is valued at the lower of cost and net realisable value under IAS 2, with cost including production overheads allocated on a systematic basis — a common area of technical judgment for manufacturers with complex production processes.
Do manufacturing warranty provisions require actuarial input?
Not always — many warranty provisions can be estimated from historical claims data under IAS 37, though complex or long-dated warranty programmes may benefit from more formal estimation techniques.
Other Industries
Sector-Specific Expertise Across Industries