IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors — wording before IFRS 18Applicable today
Applies to annual periods beginning before January 1, 2027.
Course
7 chapters · 16 lessons · about 5 h 21 min
01Objective and scopeNot started1 lesson0/1
Practise this chapter
- Chapter training · 41 exercises
- Chapter 1 mini-case · expert level
- Chapter case studyProvision omitted and discovered the following year: restatement of comparatives and tax effect · intermediate
- Chapter case studyVoluntary change in the inventory cost formula: justification, restatement and disclosures · advanced
02Definitions: policy, estimate, errorNot started1 lesson0/1
03Selecting and applying accounting policiesNot started3 lessons0/3
04Changes in accounting policiesNot started5 lessons0/5
- Not startedWhen may an accounting policy change?Lesson18 min28 exercises
- Not startedApplying a change: transitional provisions, voluntary change, early applicationLesson14 min22 exercises
- Not startedRetrospective application: opening equity and comparativesLesson28 min38 exercises
- Not startedLimitations on retrospective applicationLesson22 min24 exercises
- Not startedDisclosures on changes in accounting policiesLesson15 min16 exercises
Practise this chapter
- Chapter training · 127 exercises
- Chapter 4 mini-case · expert level (1/4)
- Chapter 4 mini-case · expert level (2/4)
- Chapter case studyPolicy, estimate or error? Reasoned sorting of ten changes in a distribution SME · foundation
- Chapter case studyVoluntary change in the inventory cost formula: justification, restatement and disclosures · advanced
05Accounting estimates and changes in themNot started3 lessons0/3
- Not startedWhat is an accounting estimate?Lesson16 min24 exercises
- Not startedPolicy, estimate or error? Classifying a change correctlyLesson25 min37 exercises
- Not startedRecognising a change in estimate and explaining itLesson26 min54 exercises
Practise this chapter
- Chapter training · 111 exercises
- Chapter 5 mini-case · advanced (1/3)
- Chapter 5 mini-case · expert level (2/3)
- Chapter case studyPolicy, estimate or error? Reasoned sorting of ten changes in a distribution SME · foundation
- Chapter case studyRevision of the useful life and residual value of a vehicle fleet · foundation
06Prior period errorsNot started2 lessons0/2
- Not startedWhat is an error? Current and prior period errorsLesson18 min33 exercises
- Not startedCorrecting a prior period error: retrospective restatement and its disclosureLesson30 min59 exercises
Practise this chapter
- Chapter training · 92 exercises
- Chapter 6 mini-case · expert level (1/2)
- Chapter 6 mini-case · expert level (2/2)
- Chapter case studyPolicy, estimate or error? Reasoned sorting of ten changes in a distribution SME · foundation
- Chapter case studyProvision omitted and discovered the following year: restatement of comparatives and tax effect · intermediate
07Impracticability and the prohibition of hindsightNot started1 lesson0/1