What is NAS No. 4?
Also known as: Inventories
NAS No. 4 “Inventories” sets the procedure for accounting for inventories owned by an organization and presenting them in the financial statements. For foreign readers: broadly corresponds to IAS 2 “Inventories”. Approved by Order No. 24 of the Minister of Finance dated 28 May 2020 (registered with the Ministry of Justice on 30.06.2020, No. 3259).