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Evaluating the Effectiveness of IAS 2 in the Pharmaceutical Supply Chain
American Journal of Economics and Business Management,
Vol. 6 No. 5 (2023): American Journal of Economics and Business Management
Abstract
This article aims to evaluate the effectiveness of International Accounting Standard 2 (IAS 2) in the context of the pharmaceutical supply chain. It investigates the impact of IAS 2 on inventory management, compliance with international standards, financial performance, and inventory optimization in pharmaceutical enterprises. The study utilizes a combination of qualitative and quantitative research methods, including data analysis of financial statements, interviews with key industry stakeholders, and a comparative analysis of pre- and post-implementation scenarios. The findings highlight the benefits and challenges associated with implementing IAS 2 in the pharmaceutical supply chain and provide insights for enhancing inventory accounting practices.
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- Zhang, H., & Gholami, R. (2020). Impact of IAS 2 on inventory valuation and financial performance: Evidence from Chinese listed companies. International Journal of Economics, Commerce and Management, 8(6), 30-41.
- Shah, S. S., & Nagi, A. H. (2019). The impact of IAS 2 on financial statements: Evidence from Pakistani textile sector. International Journal of Academic Research in Accounting, Finance and Management Sciences, 9(2), 82-93.
- Tsai, M. T., & Huang, W. L. (2018). The impact of IAS 2 on inventory reporting quality: Evidence from Taiwan. Journal of International Accounting, Auditing and Taxation, 33, 47-58.
- Song, H., Li, X., & Ntim, C. G. (2021). The impact of IFRS adoption on inventory valuation: Evidence from China. Research in International Business and Finance, 55, 101371.
- Chauhan, K., & Rajpal, R. (2020). Impact of IAS 2 on inventory valuation: A study of selected Indian manufacturing companies. International Journal of Research in Finance and Marketing, 10(4), 1-15.
- Shihab, R. A., Elatrash, R. S., & Abdullah, M. (2019). The impact of adopting IAS 2 on the financial statements of the pharmaceutical sector in Jordan. Journal of Accounting and Taxation, 11(2), 15-23.
- Chiu, Y. T., & Huang, H. C. (2017). The effects of IFRS adoption on inventory valuation methods: Evidence from Taiwan. Journal of Accounting and Public Policy, 36(4), 322-337.
- Al-Zu'bi, A. Z. (2020). The impact of adopting IAS 2 on the financial performance of industrial and pharmaceutical companies in Jordan. International Journal of Economics, Commerce and Management, 8(9), 71-81.
- Bong, J. S. C., Ismail, Z., & Hassan, R. (2018). Impact of adopting IAS 2 on the quality of financial statements. International Journal of Economics, Commerce and Management, 6(6), 258-270.
- Mamat, N. F., & Hashim, R. (2021). Impact of IAS 2 on the financial statements: Evidence from Malaysian manufacturing companies. International Journal of Accounting, Finance and Business, 6(2), 112-126.
- Qudratovich, E. A. . (2022). The Impact of Cash Flows on the State and Results of the Financial Activity of the Enterprise. European Journal of Life Safety and Stability (2660-9630), 18, 65-71.
- Eshonqulov Akmal Qudratovich. (2022). CONCEPT, ECONOMIC ESSENCE AND EVOLUTION OF APPROACHES TO THE DEFINITION OF CASH FLOWS OF AN ENTERPRISE. Galaxy International Interdisciplinary Research Journal, 10(4), 709–715.
- Eshonqulov Akmal Qudratovich. (2022). CASH FLOW STATEMENT AS ONE OF THE BASIC FORMS OF FINANCIAL ACCOUNTING STATEMENTS. European Scholar Journal, 3(2), 23-25.
- Qudratovich, E. A. . (2022). Information Capabilities and Methods of Compiling a Cash Flow Statement. American Journal of Economics and Business Management, 5(2), 53–56.
- Qudratovich, E.A. (2022). INTERNATIONAL AND NATIONAL FINANCIAL REPORTING STANDARDS ON CASH FLOWS. Web of Scientist: International Scientific Research Journal, [online] 3(4), pp.1081–1085.
- Qudratovich, E.A. 2022. Cash Flows of the Enterprise: The Essence and Methods of Their Evaluation. International Journal on Integrated Education. 5, 3 (Mar. 2022), 96-100.
- Qudratovich, E. A. (2022). Basis of Efficient Cash Flow Management of the Enterprise. International Journal on Economics, Finance and Sustainable Development, 4(12), 5-11.
- Qudratovich, E. A. . (2023). Cash Flow Statement is one of the Important Sources of Information on the Cash Flows of an Enterprise. Journal of Ethics and Diversity in International Communication, 3(2), 40–47.
- Qudratovich, E. A. (2023). Market Conditions as One of the Factors Influencing the Formation of an Enterprise’s Cash Flows. International Journal on Orange Technologies, 5(3), 32-37.
- Qudratovich, E. A. (2023). The Role of the Statement of Cash Flow in the Financial and Economic Life of a Business Entity. Spanish Journal of Innovation and Integrity, 16, 98-106.
- Qudratovich, E. A. . (2023). Issues and Solutions in Applying International Standards for Accounting Cash and Cash Equivalents in Uzbekistan. Middle European Scientific Bulletin, 35, 35-40.
- Eshonqulov, A. Q. (2023). Assessing the Impact of International Cash Accounting Standards on Financial Statements of Enterprises. European Journal of Contemporary Business Law & Technology: Cyber Law, Blockchain, and Legal Innovations, 1(2), 54–62.
References
Zhang, H., & Gholami, R. (2020). Impact of IAS 2 on inventory valuation and financial performance: Evidence from Chinese listed companies. International Journal of Economics, Commerce and Management, 8(6), 30-41.
Shah, S. S., & Nagi, A. H. (2019). The impact of IAS 2 on financial statements: Evidence from Pakistani textile sector. International Journal of Academic Research in Accounting, Finance and Management Sciences, 9(2), 82-93.
Tsai, M. T., & Huang, W. L. (2018). The impact of IAS 2 on inventory reporting quality: Evidence from Taiwan. Journal of International Accounting, Auditing and Taxation, 33, 47-58.
Song, H., Li, X., & Ntim, C. G. (2021). The impact of IFRS adoption on inventory valuation: Evidence from China. Research in International Business and Finance, 55, 101371.
Chauhan, K., & Rajpal, R. (2020). Impact of IAS 2 on inventory valuation: A study of selected Indian manufacturing companies. International Journal of Research in Finance and Marketing, 10(4), 1-15.
Shihab, R. A., Elatrash, R. S., & Abdullah, M. (2019). The impact of adopting IAS 2 on the financial statements of the pharmaceutical sector in Jordan. Journal of Accounting and Taxation, 11(2), 15-23.
Chiu, Y. T., & Huang, H. C. (2017). The effects of IFRS adoption on inventory valuation methods: Evidence from Taiwan. Journal of Accounting and Public Policy, 36(4), 322-337.
Al-Zu'bi, A. Z. (2020). The impact of adopting IAS 2 on the financial performance of industrial and pharmaceutical companies in Jordan. International Journal of Economics, Commerce and Management, 8(9), 71-81.
Bong, J. S. C., Ismail, Z., & Hassan, R. (2018). Impact of adopting IAS 2 on the quality of financial statements. International Journal of Economics, Commerce and Management, 6(6), 258-270.
Mamat, N. F., & Hashim, R. (2021). Impact of IAS 2 on the financial statements: Evidence from Malaysian manufacturing companies. International Journal of Accounting, Finance and Business, 6(2), 112-126.
Qudratovich, E. A. . (2022). The Impact of Cash Flows on the State and Results of the Financial Activity of the Enterprise. European Journal of Life Safety and Stability (2660-9630), 18, 65-71.
Eshonqulov Akmal Qudratovich. (2022). CONCEPT, ECONOMIC ESSENCE AND EVOLUTION OF APPROACHES TO THE DEFINITION OF CASH FLOWS OF AN ENTERPRISE. Galaxy International Interdisciplinary Research Journal, 10(4), 709–715.
Eshonqulov Akmal Qudratovich. (2022). CASH FLOW STATEMENT AS ONE OF THE BASIC FORMS OF FINANCIAL ACCOUNTING STATEMENTS. European Scholar Journal, 3(2), 23-25.
Qudratovich, E. A. . (2022). Information Capabilities and Methods of Compiling a Cash Flow Statement. American Journal of Economics and Business Management, 5(2), 53–56.
Qudratovich, E.A. (2022). INTERNATIONAL AND NATIONAL FINANCIAL REPORTING STANDARDS ON CASH FLOWS. Web of Scientist: International Scientific Research Journal, [online] 3(4), pp.1081–1085.
Qudratovich, E.A. 2022. Cash Flows of the Enterprise: The Essence and Methods of Their Evaluation. International Journal on Integrated Education. 5, 3 (Mar. 2022), 96-100.
Qudratovich, E. A. (2022). Basis of Efficient Cash Flow Management of the Enterprise. International Journal on Economics, Finance and Sustainable Development, 4(12), 5-11.
Qudratovich, E. A. . (2023). Cash Flow Statement is one of the Important Sources of Information on the Cash Flows of an Enterprise. Journal of Ethics and Diversity in International Communication, 3(2), 40–47.
Qudratovich, E. A. (2023). Market Conditions as One of the Factors Influencing the Formation of an Enterprise’s Cash Flows. International Journal on Orange Technologies, 5(3), 32-37.
Qudratovich, E. A. (2023). The Role of the Statement of Cash Flow in the Financial and Economic Life of a Business Entity. Spanish Journal of Innovation and Integrity, 16, 98-106.
Qudratovich, E. A. . (2023). Issues and Solutions in Applying International Standards for Accounting Cash and Cash Equivalents in Uzbekistan. Middle European Scientific Bulletin, 35, 35-40.
Eshonqulov, A. Q. (2023). Assessing the Impact of International Cash Accounting Standards on Financial Statements of Enterprises. European Journal of Contemporary Business Law & Technology: Cyber Law, Blockchain, and Legal Innovations, 1(2), 54–62.