IAS 34Chapter 4Lesson 1
Same policies, year-to-date basis and estimates
Step 1 of 8Learning objectives
Go deeper+1 point of attention
The interim report applies the same policies as the annual one, measures the year to date to deduce the period, and relies on estimates that must remain reliable.
35 minNot started
Learning objectives
- Explain that interim statements apply the same policies as the latest annual statements.
- Explain why measurements are made on a year-to-date basis and deduce a period amount.
- Check that the sum of the periods gives back the year to date.
- Explain that reliance on estimates does not weaken the requirement for reliable information.