IAS2 Inventories #5

This Standard applies to all inventories, except:
(a) work in progress arising under construction contracts, including directly
related service contracts

いわゆる工事進行基準は対象外。ここでariseって使うんだ。
arise : to start to happen or exist
financial instruments : a financial asset that can be bought or sold, such as a bond, share, or other security (= an investment that can be traded):

(c) biological assets related to agricultural activity and agricultural produce at the point of harvest

negligible : too slight or small in amount to be of importance
fluctuations : a change, or the process of changing, especially continuously between one level or thing and another:

次は、Definitionsから