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IAS 8Accounting Policies, Changes in Accounting Estimates and Errors

IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors — wording before IFRS 18Applicable today

Applies to annual periods beginning before January 1, 2027.

IAS 8Chapter 4Lesson 2

Applying a change: transitional provisions, voluntary change, early application

Step 1 of 8Learning objectives

Go deeper+1 deeper insight · +1 point of attention

A change resulting from the initial application of an IFRS follows the transitional provisions of that IFRS; if there are none, or if the change is voluntary, it is applied retrospectively. Applying an IFRS early is not a voluntary change.

14 minNot started

Learning objectives

  • Determine how a change in policy is applied.
  • Analyse whether early application of an IFRS is a voluntary change.

In this lesson

Original teaching content: it paraphrases the standard without reproducing it and does not replace the official text.

Contents — IAS 8 — Accounting Policies, Changes in Accounting Estimates and Errors

  1. 1 · Not startedObjective and scope0 / 1 lesson
  2. 2 · Not startedDefinitions: policy, estimate, error0 / 1 lesson
  3. 3 · Not startedSelecting and applying accounting policies0 / 3 lessons
  4. 4 · Not startedChanges in accounting policies0 / 5 lessons
  5. 5 · Not startedAccounting estimates and changes in them0 / 3 lessons
  6. 6 · Not startedPrior period errors0 / 2 lessons
  7. 7 · Not startedImpracticability and the prohibition of hindsight0 / 1 lesson