CERTYNEX IFRS ACADEMY

Sailard, which presents 2025 and 2024, changes policy in 2025. It charges the effect of years before 2025 to equity at 1 January 2025 and leaves the 2024 balance sheet and profit unchanged. What is the error?

The adjustment should have been recognised in 2025 profit, on a separate line of the income statement.

None: the opening of the current year is enough when two years are presented.

The adjustment should have been made at 31 December 2024 without restating 2024 profit.

The opening adjustment must be made at 1 January 2024 and 2024 must be restated.