Company:- JB-HI-FI Limited

With reference to the latest annual report of your selected company, review the inventory disclosures made by the company and provide a discussion of how the company reports and accounts for inventory referring to the material discussed in the week 4 & 5 lectures. Your discussion should refer to the requirements of the accounting standard that governs the reporting of inventories - AASB 102 Inventories. Your discussion may also include details of the inventory system used, the inventory cost flow assumptions made, the impact of the cost flow assumption on the reported cost of sales and the valuation of ending inventory and any other relevant information that explains how the company reports and accounts for inventory.