## Overview

This module covers inventory valuation and non-current asset accounting, including periodic vs perpetual inventory systems, depreciation methods, and the distinction between repairs and improvements. Topics include FIFO weighted average, componentisation, and revaluation model.

## 1. Inventory systems and valuation

- [Periodic vs perpetual inventory systems](acca-fa2-inventory-systems-and-valuation-periodic-vs-perpetual-inventory-systems.md)
- [FIFO and weighted average methods](acca-fa2-inventory-systems-and-valuation-fifo-and-weighted-average-methods.md)
- [Inventory counts, write-downs, and adjustments](acca-fa2-inventory-systems-and-valuation-inventory-counts-write-downs-and-adjustments.md)

## 2. Property, plant, and equipment

- [Cost components and capitalisation policy](acca-fa2-property-plant-and-equipment-cost-components-and-capitalisation-policy.md)
- [Depreciation methods and changes](acca-fa2-property-plant-and-equipment-depreciation-methods-and-changes.md)
- [Disposals, part-exchanges, and gains/losses](acca-fa2-property-plant-and-equipment-disposals-part-exchanges-and-gains-losses.md)

## 3. Repairs vs improvements

- [Expense vs capital criteria](acca-fa2-repairs-vs-improvements-expense-vs-capital-criteria.md)
- [Subsequent expenditure policy](acca-fa2-repairs-vs-improvements-subsequent-expenditure-policy.md)
- [Journal entries for reclassification](acca-fa2-repairs-vs-improvements-journal-entries-for-reclassification.md)

Free ACCA FA2 Inventory and Non-Current Assets Study Guide