IAS 1Chapter 6Lesson 2
Judgements and estimation uncertainty in the notes
Step 1 of 7Learning objectives
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The notes explain the most significant judgements made in applying policies and the major sources of estimation uncertainty carrying a risk of adjustment within the next year.
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Learning objectives
- Identify the judgements to disclose in the notes.
- Distinguish a judgement on applying a policy from an estimate.
- Identify the major sources of estimation uncertainty to disclose.
- Explain the next-year horizon for the risk of adjustment.