CERTYNEX IFRS ACADEMY

For simplicity, Leudane expenses small tools whose unit value is below an internal threshold; the cumulative effect is immaterial (case data) and no presentation objective is pursued. Is this practice compatible with IAS 8?

No: any departure from IFRSs is prohibited, whatever its amount.

Yes, but only if the threshold is accepted by the tax authority.

Yes: an IFRS policy need not be applied when its effect is immaterial.

No, unless the entity restates its comparatives every year.