Skip to main content
IFRS Academy

CERTYNEX IFRS ACADEMY

My account — Professional

Search the Academy

Home
My learning path
Exercises & quizzes
Cases
Workpapers
Exams
My progress

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 5Lesson 1

What is an accounting estimate?

Step 1 of 8Learning objectives

Go deeper+1 point of attention

An accounting estimate is a monetary amount in the financial statements subject to measurement uncertainty. It arises when an accounting policy requires an item to be measured at an amount that cannot be observed directly: the entity develops it, to achieve the objective of the policy, using measurement techniques and inputs, and relying on judgements and assumptions based on the latest available reliable information.

16 minNot started

Learning objectives

  • Explain what an accounting estimate is and how it relates to the objective of the policy.
  • Identify the measurement techniques and inputs of an estimate.

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